Why GameStop Is Poised to Keep Plunging
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, video game retailer GameStop (NYSE: GME ) has received the dreaded one-star ranking.
With that in mind, let's take a closer look at GameStop and see what CAPS investors are saying about the stock right now.
On CAPS, 15% of the 734 All-Star members who have rated GameStop believe the stock will underperform the S&P 500 going forward.
Just yesterday, one of those Fools, All-Star boxxer55, succinctly summed up the GameStop bear case for our community:
More gaming is moving to pads and phones. The best days of gaming systems and expensive games for consoles are now behind us. There will still be spots of positive movement, especially if new ways to play are brought to market. But the long-term outlook is negative and Game Stop is likely to be an early victim.
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