GameStop Might Be Done
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 5 June 2019
⏱️ 17 minutes
🧾️ Download transcript
Summary
GameStop shares fell nearly 40% this morning. Can anything save the video game retailer? Jason Moser analyzes prospects for survival. Plus, we discuss Salesforce.com’s strong 1st-quarter report, augmented reality takeaways from Apple’s WWDC, and share a preview of this year’s FoolFest.
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by TD Ameritrade. Investing lesson number one, do not pay for lessons. |
| 0:06.0 | TD Ameritrade's education is free. Choose from articles, videos, webcasts, and more, everything you need to take your trading to the next level. |
| 0:14.5 | Visit TD Ameritrade.com slash education, member SIPC. |
| 0:21.7 | It's Wednesday, June 5th. |
| 0:23.0 | Welcome to Market Foolery. |
| 0:24.0 | I'm Chris Hillen joining me in studio today, |
| 0:27.0 | Jason Moser. |
| 0:28.0 | Thanks for being here. |
| 0:29.0 | That's always a pleasure to be here. |
| 0:31.0 | We are off tomorrow because of Foolfest so that you know if you're one of the |
| 0:35.4 | dozens of listeners this gives you a wonderful opportunity to check out our |
| 0:39.4 | industry-focused podcast or any of our podcasts. They're all free and check out Investing in Asia |
| 0:46.1 | which is our newest podcast, new weekly podcast. So we've got some earnings and I want to talk about the Worldwide |
| 0:54.4 | developer conference that Apple had earlier this week. We should probably |
| 0:58.6 | start with Game Stop because shares holy cow are they falling. |
| 1:04.4 | They're down nearly 40%, this is the video game retailer. |
| 1:08.5 | Same store sales in the first quarter fell 10%. |
| 1:12.0 | How bad was the rest of the report? |
| 1:14.3 | I mean, it was. |
| 1:15.3 | That's pretty bad. |
| 1:16.0 | Yeah, I mean, I don't want to make light of it. |
| 1:18.1 | I mean, it was bad. |
... |
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