GameStop Corp. (NYSE:GME) is gaining traction following the growing market of virtual reality in gaming industry. Mobile games with an amplified reality scope results in higher sales for company if it transforms into an in-game site. Current dividend yield of over 4% is attractive for value investors.
The industry
Pokémon GO has received immense publicity in recent days and it came as per the projections laid by some of the leading market experts. However, the concern is Nintendo Co., Ltd (ADR)(OTCMKTS:NTDOY) stock price has almost doubled since Pokémon GO made its debut in the market. In such a scenario, GameStop could be a better way to indulge in the Pokémon GO theme. There have been instances where Pokémon GO is helping bars and pizza place to get higher than average traffic that resulted in better than expected sales.
GameStop sales from 462 stores doubled after they turned into Pokémon gyms. Moreover, merchandise sales jumped and this is encouraging for company, especially when the sales suffer due to the slow seasons.
Although the games retailing segment is not as promising as it used to be, the company is undergoing transition. As of now, the market could be ignoring some positives that can be positive catalysts in the near-term.
GameStop is gradually evolving its business strategy and there are numerous positive trends that can boost the company’s growth. The company will remain leading name in the physical game sales industry. This will be especially vital as gaming moves into virtual reality where clients will be appealed to in-store setup.
Talking about SPYR, Inc (OTCQB:SPYR), it is a company that currently is the target of a stock promotion scheme. As it is typically the case with these promotions, it takes just one quick view at the balance sheet to know that the market capitalization that the company has is beyond ludicrous.
