With GameStop Starting With a Clean Slate, Is Now the Time to Buy?

Virtually the entire board of directors will be gone soon, it's searching for a new CEO, and the activist investor who called most loudly for a change in direction for the video game retailer is now chairman of the board. With a video game console upgrade cycle under way and its stores reporting rising same-store sales while online sales soar, GameStop looks better positioned for a new wave of growth than it has in years. There's little doubt GameStop is better off financially than it was not too long ago, and it's with good reason many were waiting for the upgrade cycle to finally kick in.