(GME) GameStop Corp.- Bear of the Day
Posted on September 02, 2009 at 16:17 PM EDT
The video game industry, which surged ahead for a number of years, is now grappling with the recession. Heavy job losses and reduced access to credit markets have led to lower discretionary spending. This has resulted in lower demand for video game consoles and new software. This unfavorable backdrop was evident from GameStop’s (GME) dismal recent [...] (GME) GameStop Corp.- Bear of the Day