Gamestop Corporation (GME)

[Prudent Capitalist]

Bingo! Anyone who holds past the close today could be in a for a rude awakening by open tomorrow, unless they can sell after hours. The earnings report will not even begin to justify the $14 Billion valuation the market is currently placing on GME given the issues the company is facing. There will be a significant loss for the full fiscal year even with an expected modest profit in the 4th quarter which is always the best Q of the year. As reported on several services in the past few days:

"The fourth quarter is generally their moneymaking quarter," said Telsey Advisory Group analyst Joe Feldman. Still, he said it isn't a good sign that the company previously disclosed that sales fell 3.1% for the nine-week period ended January 2.