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GameStop stock gets buy nod

Justin Murray

GameStop, the world's largest video game retailer, is riding a wave of good fortunes. In the wake of the PS3 launch, analysts believe gaming is going to do well which means (ta-da) GameStop stands to profit. We imagine they'll look even better come tomorrow (Wii launch day for those living under a rock/glued to their PS3).

Michael Pachter, an analyst with Wedbush Morgan Securities has some high praises for GameStop; Pachter handed the video game retailer a strong buy recommendation. He calls GameStop the "destination for new stuff."

Regardless of what you may think of GameStop, when a specialty store does well, we know the suppliers are looking good, too. GameStop getting a rosy thumbs-up means good things for gamers; our hobby is going to be around for a while. Anyone planning on investing in GameStop (then boosting their shares via the mass-consumption of games)?

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