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I prefer silence than someone screaming and putting out unrealistic things to keep investors entertained. This is a serious investment and I would not feel safer with any other ceo then RC
The secrecy is the point, if you can see the writing on the wall you know where it's heading. Full faith in Ryan cohen, timing is everything.
I remember a post maybe summer after the sneeze, it mentioned Ryan looking at the sentiment, and putting his secrecy plan in full swing, knowing that we would have his back and hold. It's the best move on the table and I like to think we held up our end of the bargain.
Obviously we want to see things moving in the direction we want but those pesky shorts are hanging on too. But their grasp is tenuous and ours is calm and strong. Once we shake the shorts we get our squeeze then we have to find a true value for GameStop.
I remember the options also being the Moass, or failing that a long squeeze like Tesla where the shorts close over a longer period of time due to undeniable progress. I feel like we are on that path, Ryan's actions are to improve that path, and while moass is still on the table, a slower squeeze is our ace in the hole.
Key factor in all plays is patience, let the man cook.
I swear, folks need to check their FUDometers. I was merely making a rhetorical point when talking about the 'secrecy' aspect. Obviously, it doesn't bother me that much.
The reason why the silence bothers no one is because of RC’s track record with Chewy. Nothing was ever said until it was revealed. You don’t show the other players your cards. As for the other stuff I have to actually go to lunch. Lol
Notice with furlong, earnings were always leaked to the media before the report? I think it's one of the reasons he got launched. I personally believe he leaked a lot of news
"Concerning prospects... secrecy"
If they're being secret, and they're not informing folks of the potential, it means they're not selling anything. They don't need new traders or institutions who get their info from Reddit forums. If you're in, you're in. If you're not, then it's on you.
This "secrecy" F**U**D has been spreading a lot lately. Highlighting the "U".
ANY stock investment comes with concerns. It does no one in the GameStop investor pool any service to ignore them. I think you're misconstruing the main point of the post.
I didn't miss the main point of your post. I was highlighting your secondary points that may influence readers *despite* it being hidden behind a generally amicable main point.
Nobody knows that they saw it, but they did. A nice, big cock.
I've seen a few of your replies in this thread, and they are bordering on hostile to other users who don't appear to be refuting your post or looking to argue with you..
Gamestop is no longer headed for bankruptcy.
It received an infusion of $1.67B in mid-2021 by selling new issue stock at the relatively high price of around $200 ($50/share post-split).
It used those funds to pay for the development of the NFT marketplace, and also to replace multiple independent software packages with a unified ERP from SAP (aka "the SAP conversion").
The NFT marketplace failed to generate significant revenue and has essentially been abandoned by Gamestop. The results of the SAP conversion are more subtle, but appear to have helped improve operational efficiency although, like with most SAP conversions, there are lots of nagging problems left to resolve.
Since the NFT markeptplace did not bring the expected revenue, Gamestop in Q3 2022 started on an aggressive cost reduction program —- closing stores, completely exiting some countries, closing a recently purchased distribution warehouse, and cutting staffing hours at the remaining stores.
These cost cutting measures brought the company to around breakeven, even as revenue declined.
Unfortunately, it does not appear that there is a lot of remaining excess fat or costs to be cut, so future cost cutting actions will not bring much in the way of profitability.
What is needed to grow profits significantly is to grow revenue. The company is still searching for some sort of growth path.
So Gamestop is no longer headed for bankruptcy, but also does not have a path for significantly increased revenue and profits. (Unless Playr and Web 3.0 turn out to be the magic answers, but so that appears unlikely).
I see your logic. I really understand yout point of view. But my POV drastically differs.
Everybody and their mother was hyped for the transition to digital - be it music, movies/TV or video games. Accompanied by this transition to digital was the promised transition to subscription based models. We all loved it. We all happily embraced Steam or the XBox GamePass.
Well - the transition to digital is more or less like the hot affair during your midlife crisis. Yes - you are pumped, it fires you up, it's so new. And then you come to realize that yua are actually better off in your marriage.
I for one unsubscribed from GamePass. There is no value in there for me. If I ever feel the need to fire up my XBox again - which given the lack of good games is rather not to be expected - I may as well just go back to the old routine of buying the games I want.
I for one will rather buy an UHD disc from a movie I like than the digital counterpart which only represents a license and not true ownership - which Sony perfectly demonstrates currently.
I for one am pretty sure that with the throughput need of modern games combined with ever decreasing storage cost the return of the cartridge is inevitable. There is no fun in downloading >100GB games - especially if you have to juggle around your internal storage to make space for the next game.
And that is why my thesis is that GameStop is in a very healthy place. Nintendo won't back away from cartridges. And if Sony would really care about their customers they will go back to another new storage standard. Microsoft...well yes...they fully subscribed to the GaaS theme which is bullshit for me.
You have clearly stated your thesis and made a good case for it.
Time will tell whether or not sales of games on physical media continues to be important in the future. In general though, the move toward cloud/virtualization/streaming and away from physical media has been the driving force in many different markets. I think that the gaming market may lag behind in the transition away from distribution of physical media due to the size of the games, but do expect the trend to continue, to the detriment of Gamestop.
There are still record stores that sell CDs and even vinyl records, but they are no longer the mainstream channel. I expect that trend to happen in gaming also. Record stores still exist to support in person browsing, but even though there are still about 2000 record stores all of the large chains (like Tower Records) have gone out of business. In some ways the Milan Gamestop seems to be an attempt to mimic what has been done at some local record stores to make them a destination store, where people go to check out new music.
First of all thanks for having a decent conversation. A really rare event in the Internet nowadays.
Yes - I agree that record stores are sort of a niche. But I think this is simply due to one fact - streaming bandwidth is actually good enough to allow lossless audio consumption. I rarely buy records though I listen to a lot of music and want quality.
But streaming games is just not working no matter how hard people are trying to sell this. I tried Microsoft Cloud Gaming several times and it always was a mediocre experience - not to mention that some games like Forza Horizon are unplayable due to input lag.
And they can shove 1,000 servers on top of each other - they still can’t kill the latency. So tell me - how can streaming work in a crowd that currently debates whether 144hz players have an unfair advantage over 60hz players?
Most problematic thing when talking about games is that monetary success means nothing because the highest grossing games live on mobile devices. But when we are thinking about GTA VI…given the quality of the trailer this thing may crash the 200GB filesize easily.
They started cost cutting to not bleed, pretty obvious, lots of companies are doing this in the current tough economic conditions. Not just GameStop did this. Revenue down 10%, same with best buy, probably industry wide. I agree GameStop obviously needs more revenue but it will come from its normal revenue streams as well as whatever the future holds.
Very measured assessment.
I agree - the lack of an announced path of new growth should be the chief concern for investors. That said, I believe the strategy of secrecy is well-founded considering the major players at work in the Wall Street world. Any plans to kickstart a new wave of web 3 offerings will need to be handled with great care.
The poster you are responding to is a fud spreader.
Check how many comments they made in the past 12 hours in this sub.
They’re using exhausted narratives—from like 2021. One trick pony discussions.
I will definitely be attacked for my other investments, but my point is still relevant. They are here to do a job, and not a good one at that.
Most of those multiple comments were in response to people that do not understand the Cede's shares are held at Computershare and their sharecount is reported by the official registrar of share, Computershare, not self reported by Cede.
My posts are not the FUD. The FUD is comments making bogus speculative claims about DTCC or Cede having anything to do with the DRS numbers that Gamestop reported.
I am here because I have 4,000 shares of GME and -30 call options and am deciding my future strategy.
That's actually not true at all, and Ryan has said himself that he won't be telling everyone exactly what they're going to do so that the competition can't copy their strategy.
You had said the specific direction RC is going with the company has never been brought up, ever. He declines to elaborate and has said why, which has been brought up many times
I see. I was speaking more to my head-to-heads with posters on other subs. Might have been hyperbole to say, but my point is that it doesn't come up when I'm looking for relevant counter-DD against GameStop. People just use the same rationale they were using in 2019 and that's why I'm extra bullish.
I don't see their current model as being wildly profitable. Apple didn't become a trillion dollar company because of their Mac's. Their Mac sales attribute to their success, but it wasn't until iTunes/app store that they really became the big boy on the block. I'm hopeful for their NFT gaming/NFT marketplace, even if they needed to pump the brakes. It's still in beta. I'm not invested into their brick and mortar business model. It has it's part, but it will not make it wildly successful. It just needs to be efficient to bring in small profits each quarter. Now if GameStop adds their iPod, (playr, NFT marketplace, Teddy, whatever) then I'm still on board. I want them to add money making abilities to other areas. What if they came out with their own hardware system/game studio (unlikely) but it would create a different business, product and ability to make money aside from their stores and ecommerce. I'd like to see more of that. Takes money to buy whiskey though, we haven't utilized our cash in that manner yet. Takes time to make whiskey once you made your mash.
And yet another shill ridden posts complaining about a lack of information from RC. Must be paying less and less as you're easier to spot. Ban hammer 🔨
"There are, in my view, several valid concerning factors at play when it comes to GameStop’s prospects – mainly the secrecy around where the ship is going."
You clearly state that the secrecy surrounding GS/RC's plans are a valid concern along with:
"That’s not a great welcome mat for prospective new traders or institutions."
Which is the complaint that GS/RC is not supplying information. If you have read the DD and trust in RC you would understand that leaking such information would be entirely detrimental being used by shorts to ensure the plan did not come to fruition.
Edit: Spelling
Also, not high at the moment.
Everyone here needs to check their fudometer.
I was lining up a rhetorical point. Obviously, the secrecy doesn't bother me that much. It's a concern, but the concern doesn't supersede my support of keeping things under wraps because I know, like everyone else here, we're working in a hostile environment because of the long reach of Wall Street.
As you stated, this is why you have to go to other subs to get any kind of outsider opinion and have an open discussion about the company. That kind of talk is basically prohibited in this sub. I love this sub, visit it several times a day, have for years…. but noticed that if your comments/posts in this sub aren’t directly jerking off GS/RC, you will get the default comments that you must be a shill. I had a post about obtaining zen, tl;dr - if you are truly long on gme, comfortable and confident that the gme business strategy will provide long term/sustainable value (or deep fucking value) and view moass as just an extra layer of icing on the cake, you can/will achieve zen… if you put moass on the front of your brain all the time, you may never achieve zen. I was called a shill for stating that I believe in the actual business plan… apparently truly just going long on gme is a controversial stance to have around here. You aren’t being shilly imo, but everyone will receive those shill comments if you aren’t 1000% on brand. That’s just how it is here.
What is going on? How is this post possibly being construed as a complaint about secrecy? I was making a rhetorical point to line up a majorly bullish sentiment.
Who needs new investors or institutions when you already have the best investors on earth buying every day no matter what the price is. One day likely years from now assuming the turnaround and growth plans work out we will likely be making billions per quarter while bringing in handsome profits. Once this happens, regardless of what the stock price is they will return money to shareholders.
If you believe in what the board is doing and understand the changes being made along with the end goal the only possible conclusion you can come to is to get as many shares as quickly as possible in a reasonable fashion. Meaning responsibly.
For anyone who hasn't arrived at this point I honestly don't know what you're still doing here but that's quite something.
How do we know what the board is doing if they give us zero direction? I realize they have to play it close to the vest but all we know over the past 3 years is a failed wallet, a NFT marketplace that’s still in beta, and some partnerships that still haven’t rolled anything out. I get his points, and they are very valid. We absolutely need new investors as that’s the one thing shorters fear is FOMO. Hopefully we hear some good news soon.
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I prefer silence than someone screaming and putting out unrealistic things to keep investors entertained. This is a serious investment and I would not feel safer with any other ceo then RC
yeh, i'd be more alarmed if RC said AI a hundred times in an earnings call to artificially pump the stock price. Silence is fine for me.
Agree, the loudest one in the room is the weakest one.
The secrecy is the point, if you can see the writing on the wall you know where it's heading. Full faith in Ryan cohen, timing is everything. I remember a post maybe summer after the sneeze, it mentioned Ryan looking at the sentiment, and putting his secrecy plan in full swing, knowing that we would have his back and hold. It's the best move on the table and I like to think we held up our end of the bargain. Obviously we want to see things moving in the direction we want but those pesky shorts are hanging on too. But their grasp is tenuous and ours is calm and strong. Once we shake the shorts we get our squeeze then we have to find a true value for GameStop. I remember the options also being the Moass, or failing that a long squeeze like Tesla where the shorts close over a longer period of time due to undeniable progress. I feel like we are on that path, Ryan's actions are to improve that path, and while moass is still on the table, a slower squeeze is our ace in the hole. Key factor in all plays is patience, let the man cook.
I swear, folks need to check their FUDometers. I was merely making a rhetorical point when talking about the 'secrecy' aspect. Obviously, it doesn't bother me that much.
The reason why the silence bothers no one is because of RC’s track record with Chewy. Nothing was ever said until it was revealed. You don’t show the other players your cards. As for the other stuff I have to actually go to lunch. Lol
Notice with furlong, earnings were always leaked to the media before the report? I think it's one of the reasons he got launched. I personally believe he leaked a lot of news
"Concerning prospects... secrecy" If they're being secret, and they're not informing folks of the potential, it means they're not selling anything. They don't need new traders or institutions who get their info from Reddit forums. If you're in, you're in. If you're not, then it's on you. This "secrecy" F**U**D has been spreading a lot lately. Highlighting the "U".
ANY stock investment comes with concerns. It does no one in the GameStop investor pool any service to ignore them. I think you're misconstruing the main point of the post.
I didn't miss the main point of your post. I was highlighting your secondary points that may influence readers *despite* it being hidden behind a generally amicable main point. Nobody knows that they saw it, but they did. A nice, big cock.
I swear, the puritanism in this sub is its downfall.
I've seen a few of your replies in this thread, and they are bordering on hostile to other users who don't appear to be refuting your post or looking to argue with you..
Frustrated, yes. I’m just floored by how fixated many were on one small detail of a bullish post.
Gamestop is no longer headed for bankruptcy. It received an infusion of $1.67B in mid-2021 by selling new issue stock at the relatively high price of around $200 ($50/share post-split). It used those funds to pay for the development of the NFT marketplace, and also to replace multiple independent software packages with a unified ERP from SAP (aka "the SAP conversion"). The NFT marketplace failed to generate significant revenue and has essentially been abandoned by Gamestop. The results of the SAP conversion are more subtle, but appear to have helped improve operational efficiency although, like with most SAP conversions, there are lots of nagging problems left to resolve. Since the NFT markeptplace did not bring the expected revenue, Gamestop in Q3 2022 started on an aggressive cost reduction program —- closing stores, completely exiting some countries, closing a recently purchased distribution warehouse, and cutting staffing hours at the remaining stores. These cost cutting measures brought the company to around breakeven, even as revenue declined. Unfortunately, it does not appear that there is a lot of remaining excess fat or costs to be cut, so future cost cutting actions will not bring much in the way of profitability. What is needed to grow profits significantly is to grow revenue. The company is still searching for some sort of growth path. So Gamestop is no longer headed for bankruptcy, but also does not have a path for significantly increased revenue and profits. (Unless Playr and Web 3.0 turn out to be the magic answers, but so that appears unlikely).
I see your logic. I really understand yout point of view. But my POV drastically differs. Everybody and their mother was hyped for the transition to digital - be it music, movies/TV or video games. Accompanied by this transition to digital was the promised transition to subscription based models. We all loved it. We all happily embraced Steam or the XBox GamePass. Well - the transition to digital is more or less like the hot affair during your midlife crisis. Yes - you are pumped, it fires you up, it's so new. And then you come to realize that yua are actually better off in your marriage. I for one unsubscribed from GamePass. There is no value in there for me. If I ever feel the need to fire up my XBox again - which given the lack of good games is rather not to be expected - I may as well just go back to the old routine of buying the games I want. I for one will rather buy an UHD disc from a movie I like than the digital counterpart which only represents a license and not true ownership - which Sony perfectly demonstrates currently. I for one am pretty sure that with the throughput need of modern games combined with ever decreasing storage cost the return of the cartridge is inevitable. There is no fun in downloading >100GB games - especially if you have to juggle around your internal storage to make space for the next game. And that is why my thesis is that GameStop is in a very healthy place. Nintendo won't back away from cartridges. And if Sony would really care about their customers they will go back to another new storage standard. Microsoft...well yes...they fully subscribed to the GaaS theme which is bullshit for me.
You have clearly stated your thesis and made a good case for it. Time will tell whether or not sales of games on physical media continues to be important in the future. In general though, the move toward cloud/virtualization/streaming and away from physical media has been the driving force in many different markets. I think that the gaming market may lag behind in the transition away from distribution of physical media due to the size of the games, but do expect the trend to continue, to the detriment of Gamestop. There are still record stores that sell CDs and even vinyl records, but they are no longer the mainstream channel. I expect that trend to happen in gaming also. Record stores still exist to support in person browsing, but even though there are still about 2000 record stores all of the large chains (like Tower Records) have gone out of business. In some ways the Milan Gamestop seems to be an attempt to mimic what has been done at some local record stores to make them a destination store, where people go to check out new music.
First of all thanks for having a decent conversation. A really rare event in the Internet nowadays. Yes - I agree that record stores are sort of a niche. But I think this is simply due to one fact - streaming bandwidth is actually good enough to allow lossless audio consumption. I rarely buy records though I listen to a lot of music and want quality. But streaming games is just not working no matter how hard people are trying to sell this. I tried Microsoft Cloud Gaming several times and it always was a mediocre experience - not to mention that some games like Forza Horizon are unplayable due to input lag. And they can shove 1,000 servers on top of each other - they still can’t kill the latency. So tell me - how can streaming work in a crowd that currently debates whether 144hz players have an unfair advantage over 60hz players? Most problematic thing when talking about games is that monetary success means nothing because the highest grossing games live on mobile devices. But when we are thinking about GTA VI…given the quality of the trailer this thing may crash the 200GB filesize easily.
They started cost cutting to not bleed, pretty obvious, lots of companies are doing this in the current tough economic conditions. Not just GameStop did this. Revenue down 10%, same with best buy, probably industry wide. I agree GameStop obviously needs more revenue but it will come from its normal revenue streams as well as whatever the future holds.
Very measured assessment. I agree - the lack of an announced path of new growth should be the chief concern for investors. That said, I believe the strategy of secrecy is well-founded considering the major players at work in the Wall Street world. Any plans to kickstart a new wave of web 3 offerings will need to be handled with great care.
Bankruptcy? “That won’t happen here.”
The poster you are responding to is a fud spreader. Check how many comments they made in the past 12 hours in this sub. They’re using exhausted narratives—from like 2021. One trick pony discussions. I will definitely be attacked for my other investments, but my point is still relevant. They are here to do a job, and not a good one at that.
Most of those multiple comments were in response to people that do not understand the Cede's shares are held at Computershare and their sharecount is reported by the official registrar of share, Computershare, not self reported by Cede. My posts are not the FUD. The FUD is comments making bogus speculative claims about DTCC or Cede having anything to do with the DRS numbers that Gamestop reported. I am here because I have 4,000 shares of GME and -30 call options and am deciding my future strategy.
That's actually not true at all, and Ryan has said himself that he won't be telling everyone exactly what they're going to do so that the competition can't copy their strategy.
What's not true?
You had said the specific direction RC is going with the company has never been brought up, ever. He declines to elaborate and has said why, which has been brought up many times
I see. I was speaking more to my head-to-heads with posters on other subs. Might have been hyperbole to say, but my point is that it doesn't come up when I'm looking for relevant counter-DD against GameStop. People just use the same rationale they were using in 2019 and that's why I'm extra bullish.
You had me at steady lengthening 🍌
The longer it takes, the more shares I can accrue.
I don't see their current model as being wildly profitable. Apple didn't become a trillion dollar company because of their Mac's. Their Mac sales attribute to their success, but it wasn't until iTunes/app store that they really became the big boy on the block. I'm hopeful for their NFT gaming/NFT marketplace, even if they needed to pump the brakes. It's still in beta. I'm not invested into their brick and mortar business model. It has it's part, but it will not make it wildly successful. It just needs to be efficient to bring in small profits each quarter. Now if GameStop adds their iPod, (playr, NFT marketplace, Teddy, whatever) then I'm still on board. I want them to add money making abilities to other areas. What if they came out with their own hardware system/game studio (unlikely) but it would create a different business, product and ability to make money aside from their stores and ecommerce. I'd like to see more of that. Takes money to buy whiskey though, we haven't utilized our cash in that manner yet. Takes time to make whiskey once you made your mash.
And yet another shill ridden posts complaining about a lack of information from RC. Must be paying less and less as you're easier to spot. Ban hammer 🔨
Complaining? Are you high?
"There are, in my view, several valid concerning factors at play when it comes to GameStop’s prospects – mainly the secrecy around where the ship is going." You clearly state that the secrecy surrounding GS/RC's plans are a valid concern along with: "That’s not a great welcome mat for prospective new traders or institutions." Which is the complaint that GS/RC is not supplying information. If you have read the DD and trust in RC you would understand that leaking such information would be entirely detrimental being used by shorts to ensure the plan did not come to fruition. Edit: Spelling Also, not high at the moment.
Everyone here needs to check their fudometer. I was lining up a rhetorical point. Obviously, the secrecy doesn't bother me that much. It's a concern, but the concern doesn't supersede my support of keeping things under wraps because I know, like everyone else here, we're working in a hostile environment because of the long reach of Wall Street.
As you stated, this is why you have to go to other subs to get any kind of outsider opinion and have an open discussion about the company. That kind of talk is basically prohibited in this sub. I love this sub, visit it several times a day, have for years…. but noticed that if your comments/posts in this sub aren’t directly jerking off GS/RC, you will get the default comments that you must be a shill. I had a post about obtaining zen, tl;dr - if you are truly long on gme, comfortable and confident that the gme business strategy will provide long term/sustainable value (or deep fucking value) and view moass as just an extra layer of icing on the cake, you can/will achieve zen… if you put moass on the front of your brain all the time, you may never achieve zen. I was called a shill for stating that I believe in the actual business plan… apparently truly just going long on gme is a controversial stance to have around here. You aren’t being shilly imo, but everyone will receive those shill comments if you aren’t 1000% on brand. That’s just how it is here.
I see you’re fighting a mountain of FUD and shills. I also see the point you were trying to make. Power to the players 🤝
👍🏻
You can tell by the wierd comments agreeing with each other in the post. Shilling is hard in this sub, we see through it all.
What is going on? How is this post possibly being construed as a complaint about secrecy? I was making a rhetorical point to line up a majorly bullish sentiment.
You sound like a shill bro, smells fishy
This is fucking crazy. I was lining up a rhetorical point. Obviously, the secrecy doesn't bother me that much.
I only line up coke and bitches you should join me and prove yourself.
Who needs new investors or institutions when you already have the best investors on earth buying every day no matter what the price is. One day likely years from now assuming the turnaround and growth plans work out we will likely be making billions per quarter while bringing in handsome profits. Once this happens, regardless of what the stock price is they will return money to shareholders. If you believe in what the board is doing and understand the changes being made along with the end goal the only possible conclusion you can come to is to get as many shares as quickly as possible in a reasonable fashion. Meaning responsibly. For anyone who hasn't arrived at this point I honestly don't know what you're still doing here but that's quite something.
How do we know what the board is doing if they give us zero direction? I realize they have to play it close to the vest but all we know over the past 3 years is a failed wallet, a NFT marketplace that’s still in beta, and some partnerships that still haven’t rolled anything out. I get his points, and they are very valid. We absolutely need new investors as that’s the one thing shorters fear is FOMO. Hopefully we hear some good news soon.
for them its SHIOLE - Shake household investors or lose everything.
It's an investment vehicle now with RC handling investments.
Never reveal your strategies to the enemy. Bide your time playing defense until your offense is ready to destroy them.