Recent Buy: GameStop Corp Com

There are going to be a lot of folks who ask me immediately after posting this as to why I finally cracked and grabbed up a piece of Game Stop Corp Com (GME). Quite simply put, I could no longer continue wasting time continuously doubting myself as to whether or not the company was a good use of my money. Where the core business I feel is moving out the door a little (selling used games), I feel that the board is moving the business in other directions that so far have proven to be excellent for income.

Where there is excellent income, there is seldom much reason for worry. There are few of life's troubles that cannot be purchased by good old fashioned cash. As you all know, I like to aim for companies that have very little debt or at least enough capital to pay off that debt if the worst were to come. GME is not unlike these past picks. Their current debt is 350.40M and they have a working cash flow of 450.40M - more than enough to cover if they needed to use it.

A lot of their new income comes from their telephonic branch off. Where GME game stores have taken a hit as of late and slowed sales, their telephonic business is booming. This should help to buffer their game stores while they move those to a more merchandise based model. With this being said, I will summarize my purchase below:

Purchased GameStop Corp Com - 20 shares @ 28.81 points - total investment: $586.19