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Why It Might Be Time to Buy GameStop Shares

GameStop is increasingly selling more than just videogames and that could boost the stock in the year ahead.

GameStop shares have gotten slammed in the last six months, amid a weak crop of new videogames and more signs that the challenges brought about by digital downloads are real. But things may not be as bleak as they look for the videogame retailer. With shares trading near their 52-week low, Barron’s thinks it’s time to buy in.

“No doubt the company faces a big threat, but the stock is very cheap, particularly for a company with strong cash flows to support a solid diversification plan and some growth catalysts,”...