Monday, March 31, 2008

Gamestop In Norway + 30 Days Til GTA4 !

Gamestop (GME) just announced that they bought an additional 49 store locations in Norway...further diversifying their revenue + earnings base away from the U.S:

http://www.forbes.com/feeds/ap/2008/03/31/ap4832933.html

From the article:
*GME is buying an additional 49 Free Norway Record Shops and then converting them into Gamestop video game outlets
*The deal is expected to be completed in early April
*After the stores are added, GameStop will run 160 locations throughout Norway, Sweden, Denmark and Finland (per Google Finance, as of February 2007, GME operated 4,778 stores WW)

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*Lastly...note to SELF...we are only 30 DAYS AWAY (4/29/08) from Take Two's (TTWO) BLOCKBUSTER launch OF potential VIDEO GAME OF THE YEAR, GTA 4...should be a positive catalyst for GME shares. Check out the impressive GTA 4 HYPE at:

http://www.rockstargames.com/IV/

Data Courtesy: Forbes.
Full Disclosure: I currently own shares of GME.