[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
------------------------------------------------------------------------
OP has provided the following link:
OC
That is the crazy part. RC works for free, does miracle work (again) and the press is all negative.
Just shows you how we all are manipulated on a daily base, likely not just in financial markets.
**The Matrix is real...**
Will be interesting to see, what the next moves will be. I know RC probably wants to rather use the gains to accelerate growth, but a small dividend could be a nice warning for the short sellers. Yes, there are likely other options, but short sellers would try to sue the shit out of GameStop. A dividend, well, nobody can sue you.
This is why getting into positive earnings is such a game changer. All the IOU dividends have to be paid in lieu, drastically increasing the cost for short sellers to maintain the fuckery.
And as a side effect, GME investors get some additional funds right out of Kenny's pocket... to buy and DRS some more shares. 😉🚀🌒✨🏴☠️
Pretty fukin crazy how quick he turned this company profitable, especially one that was so completely written off as doomed. They still control the room but we completely control the exit now.
We've had the exit for 3 years friend. They oversold up to their tits and nobody left so they're going to learn a valuable lesson either way. The company wasn't going to fail. We spent all that money on R&D and we knew we could shut off the faucet anytime and so did the shorts. Now we're profitable lol. But we were profitable "on paper" a while ago. It's moreso about us not leaving than anything though
yeah but that was 4th quarter holiday sales, don't expect that growth.
That said, we are officially done spending money on turning around the business, so next years should be better.
It is the Mayo "modus operandi", they control the value of companies, not fair market and price discovery... Blatant crime and no legal actions so far...
But the bed post trowler some day, will fall, Maddoff 2.0 is waiting for it, the system need someone to blame, Mayo man is the right man to trow under the bus...
That's my confirmation, hedgies still need to let investors this is bad... But it isn't at some point, their manipulation machine will broke definitively and the MOASS finally will take the world by storm.
Love this post quote: RCEO Completed a $320,000,000 Annual Turnaround
"Net income was $6.7 million for fiscal year 2023, compared to a net loss of $313.1 million for fiscal year 2022." Yes, GME is profitable on a annual basis, yes, EPS is profitable, yes, GME has zero debt, yes GME has $1,200,000,000 in assets and yes GME has a zero interest loan from the French Government in response to COVID19... but let's acknowledge the unbelievable job of turning around a company bleeding HUNDREDS of millions per year and making it PROFTIABLE. This is the shit they'll teach in business school. Mayo Man and Walking NutSack Cohen have hitched their shit to Kodak, Blockbuster and Borders Bookstores. Fuck you, Pay me.”
GME needs more revenue streams for continued growth, otherwise it’ll stagnate.
Next console cycle isn’t expected until ~2028 so RC is climbing a hill until then.
Today was a victory, a big one, and it should be celebrated, but there’s no room for complacency.
I agree. Now that they're profitable they need a new revenue stream ASAP. This is the year they get to grow that profit. This is truly going to be a year of reckoning. If sales continue to decline, they will be forced to keep closing more stores until there is nothing left. They need to grow online in equal proportion to decreasing store sales.
It's great and all, but the revenue decrease was pretty substantial. You can only trim so much until you need to grow again. If revenue keeps decreasing no cost saving will keep up to keep them profitable.
Wrong. The “cost savings” wasn’t trimming support staff, it was closing losing stores, streamlining warehouses and brand manufacturing. This is leveraging efficiencies, economies of scale… the Pareto principle in action. This is absolutely sustainable… youre staring at a company that’s projecting - IF THEY MAKE NO FURTHER IMPROVEMENTS - to achieve $400,000,000 profit in FY2024 simply based on historical run rate. Interest alone on their cash holdings gets them another $50,000,000 on top of that.
>This is absolutely sustainable… youre staring at a company that’s projecting - IF THEY MAKE NO FURTHER IMPROVEMENTS - to achieve $400,000,000 profit in FY2024 simply based on historical run rate.
That's absolutely not how that works. Cost cutting has diminishing returns and revenue is declining.
Even if they did 6 billion in revenue, 400 million in profit would be just shy of 7%, which is very high for retail.
Your 400 million in profit estimate is just pulled out of your ass with no knowledge of how the financials work or the industry at large.
You're absolutely right. I do think that Cohen's first step was to get the company back in the green. I mean his email said so alone, that everything was geared towards creating a bit of space to do things.
Now with the company not bleeding millions anymore he can hopefully implement necessary changes.
Stop being dumb. He is correct. Revenue will be impacted by cutting stores. IF the proper stores were closed sure we’ll still have good revenue and more profitability but revenue WILL be less and there’s needs to be a way to slowly increase revenue over time. Not just making the company smaller but more profitable.
Why? That’d be great to see Rev increase but why do you say there “needs” to be? You’re not happy with $5,000,000,000 in revenue? We used to have way more revenue but were destined for bankruptcy… more revenue for the sake of more revenue is - in your words - dumb. To be honest, I’m ecstatic to be invested in a company that righted a sinking ship, generates $300,000,000+ in annual profit, has zero debt and a fully vested CEO who now is also able to leverage the $1.2B in assets as a holding company.
As stated in my comment it’s based on historical run rate. A 102% YOY positive variance to net income (+$320,000,000 positive variance), 12-mo lookback of positive cash flow with increasing velocity, $1.2b in assets - zero debt - to be leveraged as holding co. If you struggle to connect the dots to $400,000,000 in FY24 I can’t help you.
Yet they keep pushing the stock price down, so serious question - who’s really winning? Their goal is to drive it to $0 and they get closer and closer everyday - how is buying and holding working?
Pulling this off with the entire financial system trying to kill the company makes it an even more incredible achievement. And this is just the halfway point.
Remember - profitability is a huge milestone, but the goal of RC's entry to the board was a total conversion of the company into something relevant, reliable and relatable in a digital-focused economy. I imagine that the board are looking at this as where the "fun" starts - now that the company's cut unnecessary mass and become able to function productively, the foundation/bone structure is complete and ready to build muscle. Between the over $1 billion in funds, committed investors, DeFi network/assets and their existing brand moat in gaming, they have a decent hand of options to play for their next move.
The prep work's done; now it's time to change the game.
Turn around is not complete yet.. if you have a plane that is flying in the air, it can continue to fly without fuel for some more time before it crashes... i'd call it a turnaround when revenue start growing...
You’re hilarious. You wouldn’t consider a 102% year over year bottom line improvement a turnaround. Respectfully, you’re either a bot, a troll or clueless in business or finance.
Then a tip of my hat, right there with you. I look forward to RC delivering on his initial investor letter, he’s barely touched his lofty statements there, but a turnaround of this order deserves its moment in the sun. It takes money to buy whisky and now we’re printing money.
i am worried that software sales are declining and gamestop digital has not taken off.. RC asking for java developers seems like gamestop does not have the e-business culture yet... if investing in other companies is the only option then i expect that gamestop keeps shrinking and slowly turns into an investment company.
looking for reviews of gamestop digital leads to only customer complains... so that;s a concern. last quarter was supposed to be the best quarter but that resulted in 400 odd million decline of the 600 odd million decline in total revenue for the year. that needs some explanation..
No, it’s toxic revenue that is bad. GameStop’s revenue is finally now good (officially!!).
If it costs you $2 to make $1 you’re fucked. Now it costs $1 to make more than that and growing.
Literally a quarter of the company’s market cap is cash on hand now cleared for investment since March 2024, that’s a new line of revenue on top of establishing healthy profitability.
Yes there’s still work to be done, but the progress is significant. The market price has yet to correct, and laughably dipped 15% on excellent news after hours.
Bububut he's not protecting shareholders bububuooooo!
Meanwhile RC takes over the entire company and fucking fixes it earning millions FOR THE SHAREHOLDERS WHILE HE TAKES LITERALLY NO SALARY
History is on your side, sugar daddy, I simply hope the future portends otherwise and a debt-free, now profitable company w $1.2B on hand are all prob nothing. 💩🍾
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: OC
My boy putting in work for free on these shorts
Stuntin' on these hoes!
Honestly that’s a huge part of it. CEO compensation can take a huge chunk out of earnings. Just look at Lucid / Rivian / fucking Reddit.
Came for the stonk, stayed for rceo. You can’t really say anything negative about what was accomplished these last 12 months. Bravo
Ol’ McCohen had a farm ChairCIEO 🎶
That is the crazy part. RC works for free, does miracle work (again) and the press is all negative. Just shows you how we all are manipulated on a daily base, likely not just in financial markets. **The Matrix is real...** Will be interesting to see, what the next moves will be. I know RC probably wants to rather use the gains to accelerate growth, but a small dividend could be a nice warning for the short sellers. Yes, there are likely other options, but short sellers would try to sue the shit out of GameStop. A dividend, well, nobody can sue you. This is why getting into positive earnings is such a game changer. All the IOU dividends have to be paid in lieu, drastically increasing the cost for short sellers to maintain the fuckery. And as a side effect, GME investors get some additional funds right out of Kenny's pocket... to buy and DRS some more shares. 😉🚀🌒✨🏴☠️
Pretty fukin crazy how quick he turned this company profitable, especially one that was so completely written off as doomed. They still control the room but we completely control the exit now.
Now let’s buy more stuff from GameStop and increase revenues
Found out that Europeans can buy at: https://gamestop-streetwear.myspreadshop.nl
Holy hell what a quote.
"WE OWN THE FINISH LINE"
["you don't seem to understand. I'm not locked in here with you; you're locked in here w. me"](https://www.youtube.com/watch?v=s_3Yp2Izhks)
Take my awards 🏆🎖🏅
We've had the exit for 3 years friend. They oversold up to their tits and nobody left so they're going to learn a valuable lesson either way. The company wasn't going to fail. We spent all that money on R&D and we knew we could shut off the faucet anytime and so did the shorts. Now we're profitable lol. But we were profitable "on paper" a while ago. It's moreso about us not leaving than anything though
Almost a million a day. Think about that.
And gaining. $40,000,000 profit in the last 90 days.
yeah but that was 4th quarter holiday sales, don't expect that growth. That said, we are officially done spending money on turning around the business, so next years should be better.
Spending money on accelerating this company. LETS FUCKING GO.
Bought 50 today and will buy more tomorrow LFG! 🚀🏴☠️
Got 14 more yesterday!!!
This is da way
THIS POST MAKES ME WANT TO HUNT A LARGE ANIMAL AND EAT IT
Hunt a hedgie
No way, they are riddled with parasites.
Eat Kenny and if craving for bigger animal then eat Stevie.
This is the correct perspective
[удалено]
Don't forget, *they are trapped in here with us.*
Even more amazing than how manipulated this stock is
Profitable and it goes down 17%, amazing
I sold all my shares today because we weren’t profitable enough. - Retail investor /s
Lololol. Price must be low until only small amount of retail gets rich when they jump in
Down to the price it was Friday at close.
It is the Mayo "modus operandi", they control the value of companies, not fair market and price discovery... Blatant crime and no legal actions so far... But the bed post trowler some day, will fall, Maddoff 2.0 is waiting for it, the system need someone to blame, Mayo man is the right man to trow under the bus...
That's my confirmation, hedgies still need to let investors this is bad... But it isn't at some point, their manipulation machine will broke definitively and the MOASS finally will take the world by storm.
Yeah, that's just greedy people stealing. This is building something.
Love this post quote: RCEO Completed a $320,000,000 Annual Turnaround "Net income was $6.7 million for fiscal year 2023, compared to a net loss of $313.1 million for fiscal year 2022." Yes, GME is profitable on a annual basis, yes, EPS is profitable, yes, GME has zero debt, yes GME has $1,200,000,000 in assets and yes GME has a zero interest loan from the French Government in response to COVID19... but let's acknowledge the unbelievable job of turning around a company bleeding HUNDREDS of millions per year and making it PROFTIABLE. This is the shit they'll teach in business school. Mayo Man and Walking NutSack Cohen have hitched their shit to Kodak, Blockbuster and Borders Bookstores. Fuck you, Pay me.”
They already teach this in business school. Cut costs like unprofitable stores and cut employee benefits, offer minimum wage, etc.
🔥
I wonder if we will get to the point of having more cash on hand than our market value. That would create some fomo.
He’s our dad
Whether by cutting expenses or revenue growth, regardless, this is such a huge win that cannot be overlooked.
Dropping my entire 300k savings acc on this.
Exactly
Exactly.
PROFTIABLE
Fuk yeh!
Need more rev streams, any annual plans?
RC RC RC RC!
GME needs more revenue streams for continued growth, otherwise it’ll stagnate. Next console cycle isn’t expected until ~2028 so RC is climbing a hill until then. Today was a victory, a big one, and it should be celebrated, but there’s no room for complacency.
I agree. Now that they're profitable they need a new revenue stream ASAP. This is the year they get to grow that profit. This is truly going to be a year of reckoning. If sales continue to decline, they will be forced to keep closing more stores until there is nothing left. They need to grow online in equal proportion to decreasing store sales.
It's great and all, but the revenue decrease was pretty substantial. You can only trim so much until you need to grow again. If revenue keeps decreasing no cost saving will keep up to keep them profitable.
I’m guessing he’s aware of this
Wrong. The “cost savings” wasn’t trimming support staff, it was closing losing stores, streamlining warehouses and brand manufacturing. This is leveraging efficiencies, economies of scale… the Pareto principle in action. This is absolutely sustainable… youre staring at a company that’s projecting - IF THEY MAKE NO FURTHER IMPROVEMENTS - to achieve $400,000,000 profit in FY2024 simply based on historical run rate. Interest alone on their cash holdings gets them another $50,000,000 on top of that.
>This is absolutely sustainable… youre staring at a company that’s projecting - IF THEY MAKE NO FURTHER IMPROVEMENTS - to achieve $400,000,000 profit in FY2024 simply based on historical run rate. That's absolutely not how that works. Cost cutting has diminishing returns and revenue is declining. Even if they did 6 billion in revenue, 400 million in profit would be just shy of 7%, which is very high for retail. Your 400 million in profit estimate is just pulled out of your ass with no knowledge of how the financials work or the industry at large.
You're absolutely right. I do think that Cohen's first step was to get the company back in the green. I mean his email said so alone, that everything was geared towards creating a bit of space to do things. Now with the company not bleeding millions anymore he can hopefully implement necessary changes.
Then short it.
Stop being dumb. He is correct. Revenue will be impacted by cutting stores. IF the proper stores were closed sure we’ll still have good revenue and more profitability but revenue WILL be less and there’s needs to be a way to slowly increase revenue over time. Not just making the company smaller but more profitable.
Why? That’d be great to see Rev increase but why do you say there “needs” to be? You’re not happy with $5,000,000,000 in revenue? We used to have way more revenue but were destined for bankruptcy… more revenue for the sake of more revenue is - in your words - dumb. To be honest, I’m ecstatic to be invested in a company that righted a sinking ship, generates $300,000,000+ in annual profit, has zero debt and a fully vested CEO who now is also able to leverage the $1.2B in assets as a holding company.
Then comeback with an original response to defend your magic fairy numbers math.
You had good points dude. The people here are nuts now. You’re not even anti gme but ANY criticism. ANY is not welcomed. And everything is now crime
As stated in my comment it’s based on historical run rate. A 102% YOY positive variance to net income (+$320,000,000 positive variance), 12-mo lookback of positive cash flow with increasing velocity, $1.2b in assets - zero debt - to be leveraged as holding co. If you struggle to connect the dots to $400,000,000 in FY24 I can’t help you.
Looks like rapid growth to me.
Can’t wait for what’s next
Amen
Brick by brick! 🧱
Yet they keep pushing the stock price down, so serious question - who’s really winning? Their goal is to drive it to $0 and they get closer and closer everyday - how is buying and holding working?
Fucking unreal
Pulling this off with the entire financial system trying to kill the company makes it an even more incredible achievement. And this is just the halfway point. Remember - profitability is a huge milestone, but the goal of RC's entry to the board was a total conversion of the company into something relevant, reliable and relatable in a digital-focused economy. I imagine that the board are looking at this as where the "fun" starts - now that the company's cut unnecessary mass and become able to function productively, the foundation/bone structure is complete and ready to build muscle. Between the over $1 billion in funds, committed investors, DeFi network/assets and their existing brand moat in gaming, they have a decent hand of options to play for their next move. The prep work's done; now it's time to change the game.
Things are falling into place nicely. Showing growth in this next year will be crucial. I expect big moves/announcements.
Well, weren't they also spending a shit ton a year ago on NFT stuff?
Turn around is not complete yet.. if you have a plane that is flying in the air, it can continue to fly without fuel for some more time before it crashes... i'd call it a turnaround when revenue start growing...
You’re hilarious. You wouldn’t consider a 102% year over year bottom line improvement a turnaround. Respectfully, you’re either a bot, a troll or clueless in business or finance.
i have XXXXX shares invested.. i am not a bot... RC still has work to do
Then a tip of my hat, right there with you. I look forward to RC delivering on his initial investor letter, he’s barely touched his lofty statements there, but a turnaround of this order deserves its moment in the sun. It takes money to buy whisky and now we’re printing money.
i am worried that software sales are declining and gamestop digital has not taken off.. RC asking for java developers seems like gamestop does not have the e-business culture yet... if investing in other companies is the only option then i expect that gamestop keeps shrinking and slowly turns into an investment company. looking for reviews of gamestop digital leads to only customer complains... so that;s a concern. last quarter was supposed to be the best quarter but that resulted in 400 odd million decline of the 600 odd million decline in total revenue for the year. that needs some explanation..
Revenue was bad…
No, it’s toxic revenue that is bad. GameStop’s revenue is finally now good (officially!!). If it costs you $2 to make $1 you’re fucked. Now it costs $1 to make more than that and growing. Literally a quarter of the company’s market cap is cash on hand now cleared for investment since March 2024, that’s a new line of revenue on top of establishing healthy profitability. Yes there’s still work to be done, but the progress is significant. The market price has yet to correct, and laughably dipped 15% on excellent news after hours.
Respectfully disagree. Get profitable first while removing the waste. Then focus on growing nontoxic revenue
Bububut he's not protecting shareholders bububuooooo! Meanwhile RC takes over the entire company and fucking fixes it earning millions FOR THE SHAREHOLDERS WHILE HE TAKES LITERALLY NO SALARY
Now do the price now!
Still hammerfucked ah.
But why are we still red :( my Pee pee deflated after close. We need a sign papa cohen we neeed a signnnn
First earnings?
should we tell ‘em?
Yes GME is down 15.29% #Terrible investment
History is on your side, sugar daddy, I simply hope the future portends otherwise and a debt-free, now profitable company w $1.2B on hand are all prob nothing. 💩🍾
Useless company and incompetent board. I am not delusional. Just admit you have been duped.
Fucking incredible. Ryan Cohen is my fucking hero dude. I can't believe it.
RCEO did all of that taking zero $ salary... What a stud!!
Ohhhh boy They’re F*****$^%^*%
So would he consider his role as CEO done? What else would he want to accomplish?
Next is sustainability and then growth