The brick and mortar video game model is becoming obsolete. GameStop now competes with titans like Microsoft, Sony, WalMart, Amazon, and online marketplaces offered by Steam and Nintendo. To further support the continuation of this trend is the recent decay of fundamentals. They have spun off their telecoms branch, removing a source of revenue diversification and have invested heavily into doubling their physical locations over the past year. Their guidance continues to disappoint and while they've maintained a decent D/E ratio compared to the industry they are taking on more long term debt in a rising rate environment. I believe the dividend will be impacted within the next 12 months unless a profound new strategy is deployed. There are rumors of a private equity buyout but no real developments have materialized since September 2018. RSI is far from oversold and previous support has recently become resistance. I would not short common as the borrowing rates are relatively high. Instead, I would structure options strategies to sell premium with a bearish bias.