The fun and games of 2013 have all vanished for GameStop investors.
Wall Street was downright giddy on the video-game retailer last year, driving its shares a whopping 96% higher.
Yet hopes that the rollout of PlayStation 4 and Xbox Live would translate to rapid growth for GameStop (GME) have failed to pan out.
Yes, hardware sales have surged. They more than doubled in the most recent quarter.
But GameStop has been hurt by a decline in sales of used games for older systems as well as competition from the likes of Walmart (WMT) and other big-box stores.
Shares of GameStop plummeted late last month after the company revealed a surprise decline in sales and also issued a frosty outlook for the crucial holiday quarter.
