The Next GameStop? 5 Zombie Dividends Up to 13.3% (Sell Now)

I told you GameStop’s (GME) dividend was toast . Did you sell, or better yet, short the stock? Just one quarter ago, we chatted about the inevitability of this paper payout ending in tears : Brick and mortar video game retailer GameStop (GME) is a throwback to yesteryear. It’s survived the rise of digital distribution for video games thus far because Microsoft, Sony and Nintendo haven’t fully digitalized their sales. (In other words, they still sell physical boxes that are bought at stores like GameStop.)   But this sales model is ultimately toast and GameStop doesn’t have a convincing second act. … Read more
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