Game Stocks Update
Posted by Dan Hirsch on 08.04.2009
How are game companies doing after a year in recession?
The recession has hit the stock market hard, but how has it effected publicly traded gaming companies? We took a look at publicly traded companies in the retail, console manufacturing, and development ends of the industry to where they were and where they are now.
Developers appear to have taken the biggest hit in their stocks over the past year. Console producers are down as well but Microsoft appears to be gaining after dropping as low as 15.15 in March. Retailers are faring better than others with Amazon up from 2008 and Best Buy doing around the same numbers after a year. Wal-Mart appears to be down but is faring the storm pretty well. Each of these retailers sells a diverse variety of products outside the gaming industry to help bolster their value and balance out some of their loses.
Internet whipping boy Game Stop is down 15 points since summer 2008 and is trying to prove its recent claim of being recession proof. Their stocks dipped all the way down to 17.50 in November 2008 during one of the stacked holiday line ups in recent memory. However they gradually climbed up to 32.42 in April before sliding through the summer to their current value.
The following stocks value listed below is its closing price on August 4th from 2008 and 2009.
I understand that companies base how much money to put into employment and man hours and such based on past numbers but I still hate this sort of look at business. It seems to be past off like Microsoft is in the whole 2 million and Nintendo took a 15 million dollar hit. But they didn't. They're making less than last year, but these numbers still show they've made money.
Not as much money of course. But the numbers are still misleading-especially to the CEO's and such. They should be looking more at profit margins, how much money they get back versus what they spent-not how many millions less they made.
Posted By: Jerry (Guest) on August 04, 2009 at 11:57 PM
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