Privacy Policy

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We are Value Line Publishing LLC and Value Line, Inc. (collectively Value Line, we or us), known as The Most Trusted Name in Investment Research. Our address is 551 Fifth Avenue, New York, NY 10176 in the United States of America. Our Data Protection Officer can be contacted regarding this privacy policy at vlcr@valueline.com. Any personal information processed by Value Line is controlled by us and we are regarded as the data controller of your personal information.

Data Protection Laws

We have to comply with the EU (European Union) General Data Protection Regulation (EU) 2016/679 when processing personal information about you.

About this Privacy Policy

We are committed to protecting your personal information and respecting your privacy.

This policy explains about the personal information that we collect from you, use and otherwise process in connection with your relationship with Value Line as a customer or potential customer. In particular, we explain the kinds of personal information that we collect from you, how we collect it, what we use it for and with whom we may share your personal information. By “personal information” we mean information about you from which you are, or could be, identified and includes information such as your name, location data and an online identifier.

Categories of Information We Collect

We collect personal information from you such as your name, contact details, purchase history, information about how you use our services and about how you use our website at www.valueline.com, www.valuelinepro.com, and www.valuelinelibrary.com (Website) and call centers. This may include information that you provide to us directly or through companies or agents we work with, as well as information which we collect from and about you when you use our services.

How We Collect Your Information

We collect personal information about you whenever you use our services or buy our products (whether such services or products are provided directly by us or by other companies or agents acting on our behalf), or when you use our Website or contact our call centers.

Why We Collect Your Information

We use your personal information to conduct our business and to provide you with the best possible services.

We also use your personal information to:

  • communicate with you about other services you have asked us to provide;  
  • provide you with marketing offers from us;  
  • improve our services; and  
  • comply with our security and legal obligations.

Who Else May Have Access to Your Information

To best serve you, we may share your personal information with service providers that provide support services to us or that help us market our products and services. Service providers are third parties which perform services on our behalf. They are contractually restricted from using your personal information in any manner other than in helping us to provide you with the products and services available from Value Line.

We may also disclose your personal information to a third party when you ask us to do so or when we believe it is required by law.

Government Requests for Patron Data

Value Line serves individuals, professionals and businesses, libraries and through libraries their users (all the preceding collectively our “patrons”). As a general rule, Value Line will not make personal information collected from patrons’ using our services available to anyone outside of Value Line and firms that help us to provide our services to you, except as instructed by you or where required to comply with law, court orders, or legal investigations. With respect to such service providers, Value Line requires under their contracts that all personal information be kept confidential, and we take reasonable steps to ensure that third parties receiving information about you at your request maintain the confidentiality of that information.

Countries Having Access to Your Information

Value Line stores all data in the United States of America.

Your Consent

When you came to our Website, you were asked to click "Agree and Close", which confirms that you had read this privacy policy and that you agree to us collecting your personal information and using it in the ways and for the reasons explained in this privacy policy.

Collecting Your PERSONAL Information Legally

We are able to legally collect and use your personal information either because:

• you have provided us with your consent to do so as explained above; 

• we are required to do so in order to comply with a United States or an EU legal obligation or to enforce our rights and defend claims; and/or 

• collecting and using your personal information is necessary for us to: 

  (a) process any purchases made by you via our Website; or 
  (b) carry out our legitimate business interests in order to carry out any requests or orders made by you via our Website.

Your Rights

You have the right to:

• be informed about the personal information we collect from you and use, which this privacy policy seeks to do; 

• obtain confirmation from us that your personal information is being collected and used by us and to access the personal information held about you by us; 

• have your personal information corrected if it is inaccurate or incomplete at any time; 

• erasure, or the right to be forgotten, which means that you can request the deletion or removal of any personal information we hold about you at any time, understanding this may prevent us from providing Value Line services to you; 

• block or suppress us collecting and using your personal information, which means we can continue to store your personal information but we cannot further collect or use it in any way; 

• obtain and reuse any personal information we hold about you for your own purposes across different services, which allows you to move, copy or transfer your personal information easily from Value Line to another place notified by you to us in a safe and secure way without hindrance to the usability of your personal information; and 

• object to us collecting or using your personal information where this is based on: 

 (a) a legitimate interest or the performance of a task in the public interest; or 
 (b) direct marketing.

To make any requests as listed above, please contact us at vlcr@valueline.com.

We will confirm any requests relating to your rights above within one month of receipt of your request, or within two months of receipt of your request where your request is more complex.

Withdrawal of Your Consent

You can tell us to stop collecting and using your personal information at any time by emailing us at vlcr@valueline.com.

If you tell us to stop collecting and using your personal information, the consequences of doing so are that: 

• you will be unable to make a purchase through our Website; 

• we will be unable to update you on our promotions and product news; 

• we will be unable to provide you with the best user experience possible to our Website; and 

• we will generally be unable to provide you with the customer experience which we would like to provide you with.

If you believe that we might have any information from or about a child under 16 years of age, please contact us at vlcr@valueline.com.

Links to Other Websites and Services

Our Website may include links to other Internet sites, content, or videos (embedded or direct links) maintained by third parties (Linked Sites). We provide Linked Sites to you solely as a convenience, and the inclusion of Linked Sites does not imply endorsement by us of the Linked Sites. You access Linked Sites at your own risk and by accessing them you leave our Website. Linked Sites are not under our control and we are not responsible for the contents of any Linked Site, including the privacy policies or tracking technologies they may use. We encourage you to check the applicable privacy policy to determine how they will handle any personal information they collect from you.

Your Information, Your Choice

To update us with your information-sharing preferences, you may contact us using one of the following methods: 

• Call: +1 212 907-1825; 
• Email: vlcr@valueline.com; or
• Mail your request to: DPO, Value Line, 551 Fifth Avenue, 3rd Floor, New York, NY 10176.

Security

We implement appropriate technical and organizational measures to ensure a level of security appropriate to potential risks, including: 

• the pseudonymisation and encryption of your personal information where appropriate; 

• ensuring ongoing confidentiality, integrity, availability and resilience of processing systems and services; 

• ensuring we can restore access to personal information in a timely manner if a physical or technical incident occurs; and 

• regular testing, assessment and evaluation of the effectiveness of our technical and organizational measures to ensure your personal information is secure.

We maintain physical, electronic and procedural safeguards to protect the confidentiality and security of personal information transmitted to us using our Website. We do not store any credit card information on our servers. Please note that email is not encrypted and is not considered to be a secure means of transmitting credit card information.

Business Transitions

As we continue to develop our business, we may undergo a business transition such as acquiring another company, merging with an existing company, or selling a portion of our assets. In such transitions, customer information is typically one of the business assets that is transferred or acquired by a third party. In the unlikely event that Value Line or substantially all of its assets are acquired or are subject to court proceedings relating to the sale or acquisition of the business, you acknowledge that such transfers may occur and that your personal information can continue to be used as set forth in this privacy policy.

Policy changes

This policy replaces all previous disclosures we may have provided you about our information practices and is effective on the date noted at the start of this policy. We reserve the right to change this policy, and to apply any changes to information previously collected, as permitted or otherwise required by law. If there are material changes to this policy or our information practices change in the future, we will notify you by posting the policy changes on our w Website.

Making a Complaint

We pride ourselves on excellent customer service, but if you would like to make a complaint about the way we have collected or used your personal information, please contact us at vlcr@valueline.com or by any of the other mechanisms stated above.

Last modified: July 2018

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Article Type  :  Commentary  

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Content :

GameStop (GME) is the world’s largest video game retailer. The company has built its dominant market share over the years on the strength of its trade/buy business model. The unique proposition of trading in used games, along with a consistently robust inventory of used games available for purchase, has helped establish GameStop as the number one retail source for video-game consumers. The strong market share has helped the company maintain relatively decent performance over the past couple of years, despite a challenging industry environment. Although sales fell approximately 10% through the first nine months of fiscal 2012 (year ends February 2, 2013), its results were significantly better than the overall industry. Moreover, the company has been able to improve margins, thanks to growth in more-profitable segments. Indeed, earnings per share likely improved by about 10% in fiscal 2012.

Investors seem to have mixed feelings regarding GME and the video game industry outlook. On the one hand, the industry weakness over the past couple of years can be attributed to the prolonged end to the current console cycle. Yet, many investors appear to believe that the core video game business is in more of an underlying secular decline. This sentiment has been evident in the consistently low interest for shares of GME, and in the overall downward pressure on the stock over the past few years. The ongoing shift to digital downloads and streaming/mobile games has been a major focus of investors. Yet, GameStop has been very proactive with increasing its exposure to these segments via acquisitions over the past couple of years.

The company expanded into the online game business with the acquisition of Kongregate in 2010. The Kongregate.com website offers over 50,000 free-to-play video games and attracts over 15 million unique visitors each month. The business earns revenues from advertisements and in-game player transactions. GameStop followed up this acquisition with the purchases of Spawn Labs, a cloud-based streaming technology company, and Impulse in 2011. The Impulse acquisition has provided GameStop with a PC digital download distribution platform. Impulse has been integrated into the revamped Gamestop.com web site.  The combination of these digital video game assets has helped GameStop establish a rapidly expanding, multi-channel digital business.

Digital sales surged 57% in 2011, and likely increased 35%-40% in fiscal 2012. The segment has received a boost from an increased mix of downloadable content (DLC) connected to top-selling “physical” games. GameStop has rolled out DLC kiosks in its stores, as part of a process to integrate the digital and traditional software businesses. In addition, the company recently created a mobile device business focused on trade-ins and resale of all Apple (AAPL) mobile devices (iPods, iPhones, and iPads). This mobile operation was on track to generate $150 million-$200 million in sales in fiscal 2012, and accelerate to $550 million- $600 million by 2014. Notably, the business has strong margins, which is also the case across all of GME’s digital segments. The digital/mobile business should maintain a robust pace of growth over the next few years, and make increasing contributions to both the top- and bottom-line.

Another positive for GameStop is the strength of its PowerUp Rewards Program. The membership base has rapidly expanded over the past few years, exceeding 21 million members as of November, 2012. Importantly, these customers are much more engaged than non-members, accounting for nearly 75% of sales in the third quarter of fiscal 2012. The vast amount of customer data from the PowerUp program is an important asset, providing GME with detailed customer segmentation information, and improved targeted marketing. Moreover, the success of the program appears to have supported video game sales.

The near-term outlook remains challenging for the video game retail segment, and there is limited visibility on the future structure of the industry, with the ongoing shift to multiple forms of digital games. Yet, GameStop has improved its position for the long term, with a multi-channel approach, and increasing exposure to various digital formats. For more information in regard to GameStop’s prospects, as well as the particular investment merits of the stock, subscribers are encouraged to check out our full report in The Value Line Investment Survery.

At the time of this article’s writing, the author did not have positions in any of the companies mentioned.

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