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GameStop的未来危险了

GameStop的未来危险了

极速排列3ZUOZHE:Aleksey Razdolgin

摘要

  • 自我在GameStop上发布看跌文章以来,该公司的股票价值贬值了约30%。
  • GameStop没有真正的竞争优势,并且在很大程度上依赖于游戏硬件和实体游戏的销售。
  • 随着消费者转向数字游戏,我相信GameStop将遭遇与被在线商店取代的其他传统零售商相同的命运。

ZAI12YUEFABUGUANYUGameStop(NIUYUEZHENGQUANJIAOYISUODAIMA:GME)DEKANDIEWENZHANGHOU,GAIGONGSIDEGUJIABIANZHILEYUE30%,WOXIANGXINWOMENHAIMEIYOUDADAOGUDI。GameStopDESHANGYEMOSHIZAIHENDACHENGDUSHANGYILAIYUYOUXIYINGJIANHESHITIYOUXIDEXIAOSHOU。BUXINGDESHI,GAIGONGSIZAIGAIXINGYEZHONGMEIYOURENHEZHENZHENGDEJINGZHENGYOUSHI,YINCI,TASHOUDAODAXINGKEJIGONGSIHEYOUXIFAXINGSHANGDEGONGJI,TAMENBINGBUREZHONGYUYILAIZHONGJIANRENLAIXIAOSHOUTAMENDECHANPINHEFUWU。SUIZHEXIAOFEIZHEZHUANYI DUIYUSHUZIYOUXI,GameStopBUTAIKENENGZHANGQIWEIQIKEHUTIGONGRENHEJIAZHI。SUIRANYOUYIXIEDUANQICUIHUAJIKEYIBANGZHUGONGSIWEICHIYUNYINGYIDUANSHIJIAN,DANCONGZHANGYUANLAIKAN,WORENWEIGameStopJIANGZAOYUYUBEIWANGSHANGSHANGDIANQUDAIDEQITACHUANTONGLINGSHOUSHANGXIANGTONGDEMINGYUN。

长期威胁

4YUEFENFABUDE2014CAINIANBAOGAOXIANSHIGameStopZHENDEYUDAOLEMAFAN。QUANQIUXIAOSHOUEWEI83YIMEIYUAN,TONGBIXIAJIANG3.1%,ERQINEIJINGKUISUNWEI6.73YIMEIYUAN。WEIGAISHANZHEIZHONGQINGKUANG,GONGSIGUANLICENGJIQILIANGDA GUDONGHestia CapitalHEPermit CapitalKAISHIZHONGZUQIDONGSHIHUI,BINGYIJINGRENMINGLEJIWEIXINDEDULIDONGSHIZUOWEIHEZUO XIEYIDEYIBUFEN。CIWAI,QIANXboxZHIXINGGUAN QIAOZHIXIEERMANSHANGZHOUCHENGWEI GameStopDESHOUXIZHIXINGGUAN,TADEMUBIAOSHISHISHIGAIGONGSIZUIJINDEJIHUA,BAOKUOXUEJIANKAIZHIHEZENGJIAYINGYELIRUN1YIMEIYUAN。

GONGSIRENWEIKEYICHUANGZAOJIAZHIDELINGYUZHIYISHIDIANZIJINGJI。ZAIGUOQUJINIANZHONG,JINGZHENGJILIEDEYOUXILINGYUKAISHIXUNSUPUJI,ZHENGTISHICHANG JIAZHI 10YIMEIYUAN。GameStopYI XUANBUJIANGYUYIJIASHOUHUANYINGDEDIANZIJINGJIZUZHIComplexity GamingHEZUO,ZAIDEKESASIZHOUFULISIKEKAISHEYIGE11000PINGFANGYINGCHIDEYOUXICHANGDI。GEZHONGGEYANGDEYOUXIHUODONG。DANSHI,WOBUZHIDAOJINRUDIANZIJINGJIHUIRUHEGAISHANGONGSIDECAIWUZHUANGKUANG。ZHENGRUWOSHANGMIANTIDAODE,ZHENGTIDIANZIJINGJIXINGYEDEJIAZHIWEI10YIMEIYUAN。YOUYUGameStopGANGGANGJINRUSHICHANG,ZAIKEYUJIANDEWEILAITABUTAIKENENGCHENGWEIXINGYEZHONGDEQIANGDALILIANG。RUGUOTABUNENGZHUANQIAN〜$ 140SHIYIYOUXI XINGYE,NEIMERUHECAINENGTOUZIZHESHIGAIGONGSIZAIYIGEGENGXIAODESHICHANG,CHUANGZAOJIAZHIDENENGLIYOUXINXIN?

CIWAI,RUGUOWOMENKANKANJINNIANLAIYOUXIXINGYEDEFAZHAN,WOMENHUIKANDAOXIAOFEIZHEKAISHIGENGXIHUANGOUMAITAMENXIHUANDEYOUXIDESHUZIFUBEN。WEILEZHICHIWODECHENSHU,WOJUEDINGYUEDU Take-Two(NASIDAKEGUPIAODAIMA:TTWO), EA(NASIDAKEGUPIAODAIMA:EA)HE Activision(NASIDAKEGUPIAODAIMA:ATVI)DENGZHUYAOBOCAIGONGSIDEZUIXINYINGLIBAOGAO。ZHENGRUYUQIDENEIYANG,WOFAXIANZHEIXIECHUBANSHANGDESHUZISHOURUGAOYUSHITISHANGPINXIAOSHOUSHOURU。SUIRANDAGUIMOSHUZIHUADUINEIXIEFABUSHANGYOULI,YINWEITAMENZAIFENFANEIRONGSHANGHUAFEIDEZIYUANJIAOSHAO,DANDUIYUGameStopLAISHUOZHEIJUEDUISHIYIGEBUHAODEJIXIANG。

ZHANWANGWEILAI,GameStopSHANGYEMOSHIDEZUIDAWEIXIEJIANGLAIZIYOUXIJUTOUHEDAXINGKEJIGONGSI。LIRU,WEIRUAN(NASIDAKEGUPIAODAIMA:MSFT)YIZHIZAIJIJITUIGUANGQINetflixYOUXIFUWUXbox Game Pass,RANGYOUXIWANJIANENGGOUYIMEIYUE9.99MEIYUANDEGUDINGJIAGEFANGWEN100DUOZHONGYOUXIDESHUZITUSHUGUAN。YINCI,WEIRUANDEBOCAISHOURU ZAIGUOQULIANGGEJIDUDADAOLECHUANGJILUDESHUIPING,ZHEIBIAOMINGXIAOFEIZHEDUICILEIFUWUDEXUQIUHENDA。CIWAI,3YUEXIAXUN,SUONI(NIUYUEZHENGQUANJIAOYISUODAIMA:SNE) XUANBU TAJIANGXIANZHIYOUXILINGSHOUSHANGRUGameStopXIAOSHOUPlayStation 4XIAZAIDAIMA​​,YIQUEBAOXIAOFEIZHESHIYONGSUONIZIJIDEZAIXIANSHANGDIANGOUMAISHUZISHANGPIN。

极速排列3WOMENYEBUYINGWANGJI,GUGE(GOOG,GOOGL) ZAI3YUEFENXUANBULEZIJIDEYUNLIUMEITIPINGTAIStadia,ZHIZAIRANGYONGHUNENGGOUCONGRENHESHEBEISHANGBOFANGRENHEYOUXI,ERWUXUSHOUXIANXIAZAI。CIWAI,YOUCHUANWENCHENG YAMAXUN(NASIDAKEGUPIAODAIMA:AMZN)HE TENGXUN(CHANGWAIJIAOYISHICHANGDAIMA:TCEHY)ZHENGZAIKAIFAZIJIDEYUNYOUXIJIEJUEFANGAN,ERWEIRUANYUJIJIANGDUIQIZUIJINXUANBUDEFUWU xCloudYOUSUOLEJIE。ZAIJIJIANGJUXINGDEE3DAHUISHANG。SUIRANYUNYOUXIXUYAOYIDUANSHIJIANCAINENGZAIQUANQIUFANWEINEIZHENGCHANGYUNXING,DANWOXIANGXINZAIWEILAIJINIANQUANQIUSHISHI5GJISHUJIANGSHIYOUXILIUCHENGWEIKENENG。

极速排列3SUOYOUZHEIXIESHIJIANDOUBIAOMINGSHITIYOUXIDESHIDAIJIJIANGJIESHU,GameStopJIANGCHENGWEISHAOSHUJIJIAJIANGBEITINGYEDESHITIYOUXILINGSHOUSHANGZHIYI,YINWEITAZAIYOUXIXINGYEZHONGMEIYOURENHEZHENZHENGDEJINGZHENGYOUSHI。KAOLVDAOZHEILISUOXIEDESUOYOUNEIRONG,LAOSHISHUO,KAOLVDAOJINGZHENGHESHUZIHUAYOUXIXINGYEDEFAZHAN,WOWUFAKANDAOGONGSIMUQIANDESHANGYEMOSHIRUHEZAIZHANGQINEICHANSHENGRENHELIRUN。

总结

XIANSHIQINGKUANGSHI,WULUNGameStopGONGSIGUOQUYOUDUOHAO,MUQIANTADOUSHIYIJIALINGSHOUGONGSI,MEIYOUZHENZHENGDEJINGZHENGYOUSHI,YANZHONGYILAIYUMEINIANBIANDEGENGJIASHUZIHUADEXINGYEDESHOURU。SUIZHECHUBANSHANGHEDAXINGKEJIQIYENENGGOUYIZUIFANGBIAN,ZUIYOUXIAODEFANGSHIZAIXIANCHENGGONGFENFATAMENDEYOUXIHEFUWU,ZHONGJIANRENDESHIDAIJIJIANGXIAOWANG。SUIRANZONGHUIYOURENZHIGOUMAIYOUXIDESHITIFUBEN,DANTAMENSHUYUSHAOSHU,ERBENWENZHONGTIGONGDESHISHIZHENGMINGLEZHEIYIDIAN。

KAOLVDAO WEILAIJIGEYUEQIANJINGBUJIA,WORENWEIGMEGUPIAOMEIYOUZHANGQIFUSUDEQIANLI。