GameStop Corp. (NYSE:GME) has over half a billion dollars in cash sitting around and no debt on its balance sheets. While the trailing dividend yield sits at 2.5% and the company buys back a lot of shares, the money could be better spent investing in a business that might actually be viable in the digital years to come. The company needs to innovate quickly to keep up with digital sales, because GameStop has run out of extra lives.
Ryan Gilbert has no position in any stocks mentioned. The Motley Fool recommends Activision Blizzard. The Motley Fool owns shares of Activision Blizzard and GameStop.
The article Technology Is Spelling the End for GameStop originally appeared on Fool.com.
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