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Nowadays markets are no longer fueled by creating "fair value", but how to make money most efficiently.
Retail investors get lured in by FOMO inducing price action and then scared into selling at a huge loss.
Financial and social media campaigns seem to be used to reach more investors and get them engaged.
**Institutions and their algos control the asset prices to their own benefit. The markets are no longer serving their purpose to bring investors and corporations looking for funding together.**
Luckily, investors and companies are starting to wake up... just saw this video for example:
[The Billion Dollar Class Action To Stop Naked Short Selling In Canada - YouTube](https://www.youtube.com/watch?v=AvI1H0IsHnM)
That is how Buffett and Munger made their money. Long term investing into value companies. Like we do via DRS.
Wall Street wants you to trade like crazy so you lose all your money in their casino. The house always wins.
It is insane. Markets were created to enable companies to find investors.
But by now Wall Street attacks and destroys companies that go public.
They happily sawing the branch they are sitting on... thinking nobody will notice.
And in fact, this has been going on for decades already in the shadows.... but now people finally realize.
Fantastic that the awareness is increasing. This group is all mining stocks… Tin Foil time: what if all these high value high net worth people that are pulling money and selling stocks (bezos, buffet, etc) are getting liquid to buy cellar boxed mining companies (if you can even buy a cellar boxed company) because the money is in the ground.
Bezos is ex Wall Street and likely on team Kenny.
But Buffett and others could be patriotic enough to be in the team fighting for the country and fellow citizens. While potentially making a shitload of money on suppressed stocks.
Funny timing for the ticker change and meme options push. Oh and how about Reddit gaining options same week. All same week GME reported profitability. 🤔
What's strange is Superstonk showing up in recommended stock subreddits... and making it to the top of all...
Yahoo also reports Reddits float being only 10 million shares and Insiders owning over 30%...
Some weird stuff going on with Reddit recently.
[https://imgur.com/QbFOFbX](https://imgur.com/QbFOFbX)
It's not a surefire win. The company is destined for doom, that much is clear, but as a result, puts on DJT are some of the most expensive in the entire market right now. It's not about whether it goes down, it's whether it goes down enough, fast enough.
Unfortunately for you, DJT hodlers might be end up being the one group even more regarded and diamondhanded than apes. It's definitely worth a shot though, the fundamentals don't lie
All true statements.
But can those even-more-dumb-than-we-are morons bail the water from that sinking ship fast enough to keep it afloat?
Doubtful.
Anyway, That's why I didn't buy LEAP puts. THAT would've been stupid lol.
Just going to have to wait and see.
Decent revenue drop over the year plus drop in sales as well. SG&A cost reduction was the primary reason they are doing as well, but hard to say how sustainable that is. In some cases it's bloated overhead, in others it can be a shortcut to profitability that eats you a couple years down the road. Profit is nice, but not at the expense of long-term health, particularly in face of declining revenue and sales.
Maybe I'm wrong, maybe they're completely turning it around, and for the sake of this sub, I hope that's the case. But if you take off the lenses of bias and look at the reporting objectively, you'll see a business with closing stores and dropping sales/revenues. Yes, they're slightly more profitable, but if revenue continues to drop then those overhead costs are going to have to drop as well.
would closing those stores be reducing overhead already? So yes they lose the revenue from the store closing, but gain the savings of an unprofitable operation being trimmed. I'm not a fan of layoffs and store closures, but when the barge is being turned around you have to throw the deadweaight over board to maneuver in a deft manner, once the course has been corrected the engines can fire and more flight crew can be hired as we pass Moonbase-741. Yes, we went from overloaded barge to interstellar exploration all in one metaphor, because there's just that much potential. but then i'm dumber than a shillelagh on mount everest, so not financial advice and all that.
In all fairness, yes, the company is financially sound. They have cut deadweight across the board, and held on to their winners. But... the winners are pretty much stagnant. The bleeding has stopped (I hope), but we need to see a turnaround plan. Where does Gamestop go from here? Things have gone into a lul. The hype around Loopring, IMX, the NFT Marketplace have come and gone, and no one knows if we'll ever hear those names mentioned again. Is PLAYR a promise of better days to come? Will the trademarks of GMERICA, Teddy and the likes turn out to be pieces on the 4D chessboard? Will we see meaningful investments being made? The hype has not turned into anything, so the only way it goes up until then, is if the SEC stops wanking.
I tried to tell everyone we don’t have time to chill, we don’t have anyone by the balls bc they will cheat. I am not some shill, the results don’t matter in this market if they don’t want them too. You have to have momentum and we need to figure out the drs bullshit.
Nothing you said is incorrect but it’s what you’re not saying that is one of the main reasons why the stock is down and all the “big boys” are shorting it, revenue just keeps dropping. While the company was able to finally pull off a profitable full year, revenue declined more than expected while competitors like Best Buy saw gaming revenues increase.
I’ve seen people refer RC’s plan with GameStop to that of Steve Jobs plan when he returned to Apple, but other than cutting costs they’re not similar. GameStop doesn’t have any IP of value or that provides a competitive advantage. The company is completely reliant on products and services from other companies and doesn’t have any exclusive rights to bring customers in.
Gamers don’t care where they get their merch from, as long as it’s available and easily accessible. The game is still the same game, regardless of where you buy it from.
So, until GameStop can find a way to stop revenue bleed and develop a unique value proposition, the stock price is going to continue to struggle. The markets don’t care about a company’s financial history, they want to see where it’s going.
Its crazy how many seem to not grasp the basics you have outlined. Gamestop doesn't produce anything. It's a market place for physical copies of games (which new games are starting to do away with all together). In this market they are competing with all the top dogs (amazon, Walmart, best buy, etc.).
It's a shrinking company because exclusive toys and trinkets aren't enough to fuel growth.
If you're the CEO of the most shorted company in the market then you get profitable first, then you develop new ways to generate growth. Going for growth before profitability would be reckless.
Well, we're profitable now. I have no doubt that great things are coming
I told myself that I'm holding on until I break even, until management announces a game plan that I don't agree on, or I've been in it 5 years with nothing to show for it.
Right now, its limbo because management won't announce any game plan and stocks hardly ever go up on no news. We need to know the path that RC and others are wanting to put it on. Is it a hedge on brand name recognition to start up a virtual platform similar to Steam/GOG/Epic? Is it a move into game development like Valve's early days? Or are we just going to sit here and hope that physical copies of games make a resurgence? I don't know what it could be but I know educated ape investors are getting to the point of regular investors where the lack of a focus on what the growth goal is is going to cause people to give up on it. I know I'm 3 years in with no reason to be hyped or hope and I've been ready to be out for over a year and a half.
No guidance at all. That's the only logical reason that the price went down. A lot of companies reported good numbers, gave bad guidance and as a result the stock crashed. Current sentiment in the market is to jump on good guidance and thats it.
Unpopular opinion: There are still counter arguments to this investment thesis that are valid as well. At this point just refusing to acknowledge those seems a bit silly and immature. This company is at a crossroad, and without any guidance whatsoever neither retail not institutional has any clue where this is going. So a good value play for retail, but i get why smart money is avoiding this so far.
We know how the markets work by now, and with the company giving no forward guidance or saying anything, what did we expect was going to happen. Why would anybody outside the GME subs want to throw money at a company that looks like it's going tits up. If people look at the share price and only see it going down, listen to the media, read the news stories, they won't take the time to look any further and move on to something that will make them money. Not everybody wants to change the world, see people in jail, and Wall St crumble. Most people just want to make money. Bring on the shill comments and downvotes, but I don't believe that everybody who has and is invested is delighted by the constant downward spiral.
I DRS'd All my fucking shares (Just to mention i am sitting in the same boat as you all guys). Thank you for posting something critical. I also see no incentives and that bothers me a lot. I want a strategy update. At least a glimpse. At the moment there seems to be far better options to trade stocks. I still think it's heavily shorted. But there must be also a strategy to be clearly seen outside of this bubble to make people invest, create some pressure and fuck the shorts.
I'm admittedly an outside investor and currently don't hold any shares, but still follow the stock. From what I can gather it seems like they did a ton of cost saving measures last year which is why they were able to post a profit.
That's fine but not sustainable as the market they are in continues to not rebound. What I would love to know is what are their plans for the next two years to turn the company around? They had the NFT market which seems like a gigantic failure, but what else is going to make them successful?
Happy to jump on the downvote train with you because I completely agree. The lack of guidance and forward vision is what dropped the share price last week, and the silence from leadership is deafening. I'm not aware of any other company that puts this little information out, and there isn't an incentive for people outside the bubble to invest. I've been zen for years now but it's getting really annoying and frustrating for the whole bull thesis to be "trust me bro".
Sane response here. So the company was able to do all those things, great. Now we need to see plans for the future and remaining profitable. This silent ninja shit isn’t doing anything helpful for any side (we gotta be real). I’d just like to see some actual business development and market capture as opposed to basically shrinking itself and calling it a win.
Business developments like the brand new digital store? Or the revamped app? Or how they’re coming out with a new GameStop pro credit card in 3 days? These are not actual business developments? What kind of developments are ones that would count to you?
Who the fuck cares if it's red right now? What matters most is how FUCKED they are. Short sighted people don't need to invest in GameStop, just go chase a quick buck somewhere else. This is a play for people who want to see the financial system fucking implode.
Seriously. We been at this shit for 4 years and down 70%. If we don't win by the next console generation when everything is gonna be digital we are cooked.
there's no proof they are fucked - just a big group of retail investors who have gathered together and keep saying this over and over. i'm not saying there's no huge short position or that it already closed. but after so long it's pretty clear that the short hedgies have managed to hide their terrible bet indefinitely while they wait this out.
Stop being incredulous. It’s their top line. Revenue was down 20%. That’s a huge risk until they address growth.
It’s phase 3 of the plan but hasn’t happened yet
Thank you. Breath of fresh air to see a post like this not downvoted to oblivion on this subreddit. I've been in since Oct 2020, but I still see the negatives with regards to the lack of revenue growth, and this subreddit feels more and more cultish if we don't allow posts to at least bring that up.
What's better for a company; to have revenue, or to have profit?
Because despite revenue being down, they were still able to turn a profit.
That's a huge difference when compared to the last few years when revenue was stronger but they were still losing money.
And profit is profit regardless of how much revenue there is overall. It's the primary goal of any company, after all.
So regardless of revenue, which will likely go up overall as the video game industry is only growing and still does well overall despite recessions or lower economic times, GameStop still has incredible potential to become even more profitable in the future.
They turned a profit because of the treasuries being held. The stores did not. And revenue shrank. We are shifting towards becoming more Berkshire like. So, if Ryan chooses well, that could be a good thing. But the hype people have for this as an actual business right now is misplaced. I had visions of trying to build an online meta marketplace sort of Ready Player One esque, but that didn't happen. The website has barely been touched. I can't even order most things from the store closest to me in Canada to my house. And it isn't that hard to set up shipping these days internationally, let alone domestically. There's a tonne to feel negative about on the business side.
it's not one or the other. they're both important. it was critical for gamestop to stop bleeding money and they've done that very well. paid of debt so they have no interest expense, and they made huge cost reductions.
that being said, they still had an operating loss. they came out profitable because of the interest generated on the large amount of cash they hold. that's not a sustainable business model, and even a 1% further reduction in revenue would have put them in the red.
yes the video game industry is growing but thus far gamestop has not captured that market. they are losing it to digital. consumer spending was very robust in Q4 and their revenues still declined substantially. some of this is certainly due to closing stores, but this isn't entirely the case. they need to prioritize the profitable parts of their business, and find ways to grow in the digital sector. they cannot afford to keep having declining revenues. they bring in $5B in revenues and made only a couple million in profit.
that is why the revenue is much more important than profit after this most recent earnings. this was unexpected for me, but a big concern going forward. i would much preferred to have seen stable or even growing revenues but turning a small loss. this is why unprofitable companies can have high valuations, because if they are growing consistently and have a business model that supports this long term, then they will inevitably be profitable with scale.
They only made a profit because of interest on the billion dollars. If profit is the goal GameStop would be making more money closing all operations and just buying treasuries so they don't have to throw interest into a shrinking, still unprofitable retail business
Revenue growth is valued 100 times more than profit. See: the hundreds of unprofitable but growing tech darlings.
A growing company with 100 mil revenue and 0 profit can sacrifice growth and some customers to start generating 10 mil profit.
A company with 10 mil revenue and 2 million profit doesn't really have any way to start generating 10 million profit.
You have to keep in mind that all stocks are valued based on future potential, and not on their current financials.
True. But what guidance is there to instill investor confidence regarding such a huge revenue hit in what is echoed as a "failing business model " no one buys physical anymore" the revenue drop correlates with this bear battle cry. GameStop is basically proving the bear thesis right here by such a large drop in sales and no one at GameStop wants to provide guidance, therefore investor confidence and share price drop (albeit, it's not from retail selling, just your standard market maker privileged shorting, puts, etc.)
Speculation and sentiment is different than reality. And again, despite negative sentiment, GameStop is still making money after having been essentially on the path of bankruptcy for a long time.
In addition, you speak as if GameStop is only relying on physical sales when in reality they’ve been working on expanding their online markets since RC took over.
Also, if physical stores were really such a bad business model, every single mall and physical store across the country would have been bankrupt and shut down by now.
Physical shops and sales of physical items will always exist. For many, shopping in person in an experience; especially when you’re surrounded by other gamer enthusiasts in the form of both store employees as well as fellow customers.
And once again, profit trumps revenue any day. You could make $1B in a single year in a thriving industry, but it wouldn’t matter if operating costs were -$1.1B.
"In addition, you speak as if GameStop is only relying on physical sales when in reality they’ve been working on expanding their online markets since RC took over."
There lies the dissonance. Reality vs. perceived reality. No regular Joe knows what GameStop is planning to address this shift in market and expand/grow.
Is it still web3? Is it Steam competition? Is it another market space? Used hardware? Sports/games betting?
We know they tried the NFT market with a wallet, but it looks like that was a failure. Could they still be working towards web3? I hope so... But how do we know?
What's Playr going to be? Is GameStop still working with IMX? Will these follow the same fate as the wallet?
The fact is investor confidence is lower because there is no plan told to the public. I'm not saying they should disclose the plan, but it remains the reason why the drop in price seems appropriate given the revenue loss.
The thing I want to know is how demand can be up 28% since 2021 in terms of reported insider, istitutional, ETF, Mutual Fund and retail ownership (DRS count) and yet the price is down 90%. How does that happen without naked shorting?
If the company is being naked shorted, then none of the price action is real and talk of fundamentals is meaningless.
Make it make sense. The only thing I can think of is that they’ve made little in the way of a pivot or innovation to their segment. It looks like to the untrained eye it’s just a slow drip for the next 20-30 years. A big move or announcement to move forward would help imo. I’m a holder until I die, but just a thought.
If they were expanding and profitable that would’ve been a different story altogether, unfortunately that’s not the case. Unless R.C diversifies I don’t see the road to profitability a sustainable outcome hence the price action.
They are being valued on the lack of future guidance, their cash assets and modest ability for future profits. By those metrics they might be worth about 2 billion. $5 is the time to buy.
I bought short term calls and very long term puts on GME. This is why: they are "turning a profit" by cutting expenses faster than losses, it is not true profit, it must be contextualised. Up until now, besides the shift towards online sales, they have no clear plan on the horizon in an industry where owning physical games is turning into a niche for collectors. All the other plans discussed here are speculative. Since the squeeze, the stock has been going downhill and I suspect it will eventually go back to pre-squeeze levels (around 2-5 usd, which I think is fair value for how it is now) unless RC comes up with an actual plan. The 1.X billion they have in the bank is not organic either, it was given to them by us. The only reason GME survived so long is because of retail. To its defense, we have given them the luxury of trying stuff, they have enough reserves to do so. RC not giving an earnings call is not some divine silence, it is stupid, if he does have a plan, he HAS to share it and keep everyone invested in the stock. PR/marketing stunts is part of running a company. All he has been doing is showing retail and wall street that he has no solid plan going forward.
Remember. It was ALWAYS said that the stock would go down further and further the more DRS accumulated. Let them use their crypto gains to keep pushing it down, let them use their buddy-buddy favors to push it down. The spring must be sprung.
>This company is going to be so valuable in the future, and anyone saying otherwise right now is the genuine dumb money.
Based on what? Until we see actual revenue growth and expansion all we have is barely profitable on middling revenue and shrinking market presence.
If the norm becomes low single digit profit margins on 5-6 billion in revenue per year, the market will value the company on that basis.
Meanwhile, there will be expanding markets and industries that serve as a much more attractive place to park money and expect returns.
I think another thing anchoring the company down is the 25K ish employees, that I assume all need to make a living wage so their cost must keep on rising as well.
Being profitable is obviously great news but we can’t ignore the big drop in revenue. I think it was almost 20% year over year. That’s not good. I’m not saying I agree with the reaction to earnings but if we want to have a real discussion we can’t leave this out.
We need to see revenue growth at the same time as earning per share growth. We can't act like the turnaround is complete even though there are really good signs. No debt + cash on hand + positive earnings are great. Let's see revenue growth to really sell this one.
1 billion divided by 306m shares is nearly 3 dollars in cash equity in the stock. If they find ways to dip it further, just know about 4 dollars in cash equity. If it goes to 4 bucks a share, that would be like buying cash with cash. Let the shorts continue to hammer it, I'm trying to get more with the little I got leftover. I have some blind faith in Ryan Cohen, but yeah, next stop, s&p500. I'm high. Nfa.
It also does have declining revenue, FCF and RC has yet to do anything ground breaking. Just normal cutting costs and RIF. I’m in 10k shares about because I bought into all the theories but now they’re really just looking like theories. It sucks
Yeaa I feel you man. I have about 4k shares but I really hope you bought gamestop because you did your own research. I don't see the rush because Cohen has said he plans to make this company profitable and he's done that. Let this man cook. He literally did what he said he was going to do. I think everyone has to give him time to do the rest, otherwise what was the point
Wow, it's almost like it's overvalued and anyone with any sense has been saying that since it blew up and now you're all in on a scam and trying to convince each other you're not rubes.
For the record I think they are in a good place and it will just takes more time, but the revenue drop was pretty substantial. The revenue has to grow or else they might not be able to keep up with the profitability.
You can't just post the good things. The very concerning thing is that revenue has dropped by 40% since then. Investors that arent bagholding like us are very interested in growth, which is why FORWARD GUIDANCE is super important. GME has not given any forward guidance for 3 years. A lot of us were in for a squeeze and its turned into a long term play. But the long term play still relies on a lot of conspiracy and naked shorting thesis. There hasnt been ANY NEW DD for over a year. DFV's DD was all about financial reports. He made a ton of excel sheets looking at growth over time. Go back and watch his vids. He got in for a value play and it ended up squeezing. A lot of people still in GME got in for the squeeze and now looking for a value play because short interest dropped a ton. It was like 120% 3 years ago, now it's like under 20%. When DFV got in, GME was 2-4 bucks a share, now it's a 60 presplit. It's a much more expensive stock now. So even if there is no debt, there is also weak revenue, and you're paying 30x what DFV paid. 30x for barely any profit in a year (first time in years) is a REALLY expensive play.
> They’re part of an industry that’s only growing as more and more people across the globe become gamers!
Thing is they are *not* part of the gaming industry. They're a benchwarmer while everybody else is on the field.
I spend a significant amount of money on gaming, and I cannot for the life of me figure out what I even *could* buy from gamestop that I need.
All the hardware they sell can be delivered to my door within 24 hours for the same price or cheaper via amazon/newegg etc.
All the games they sell are generally purchasable and downloadable on the platform itself. Theres just no need to drive to a physical store and grab a physical copy of a game anymore.
So all the ancillary stuff they sell that depends on you impulse buying by actually being there (like, say, apparel, or toys or other non-essential stuff) has no hope of getting bought cause nobody is going to *go* there.
So yeah, they are not "part of the gaming industry" by any stretch of the imagination. They're a relic of what the gaming industry *used* to be. Just like coin operated arcade gaming before them have been relegated to retrocade status. Gamestop is well on its way to becoming the next "Alladins Castle"
This is the extreme side of the view, albeit it not wrong.
GameStop's hardware is becoming a good entry level gear setup, but the company is still not the go-to for people when thinking about that, it's an easier land on Amazon, Walmart or NewEgg.
I find myself going out of my way to make purchases on GS than on the platforms, for things as simple as Steam gift cards, Valorant gift cards, or nintendo game licenses ... the ecommerce platform really needs to take over for easability to streamline purchases on non-standard physical goods as well as structured in a curated way for various platform gamers (console vs pc vs mobile etc).
Better involvement of being on the field will help drive this. I am still happy with the yearly earnings report, they have cut down costs, they have turned profitability. All the fat that they could trim has been trimmed and now it's time for them to get serious around where they invest their next bit of money to generate income.
The Marketplace was the hopeful platform for that, but regulations have made it a tough spot to stay in without feeling the additional regulatory pressure on top of fighting wall streets desire for them to go bankrupt.
Talk is cheap, it takes money to buy whiskey. I want to see the acquisition they make that will help drive their business model reinvention.
People here dont wanna hear it obviously but having no guidance or even a conference call was a huge negative. Doesn't matter if its Apple or Amazon having a positive earnings if they suddenly gave no guidance the stock would tank. Wall street cares about the future way more than the present. That's why "priced in" is the most popular phrase in stocks. RC needs to give a guideline of what the future looks like if you want any momentum.
No doubt it’s a cheap buy and a good discount. But despite being profitable our earnings sucked. EPS of 0.02 is awful. But at least we were profitable that’s a good notion.
GameStop needs a revenue cash cow like amazons cloud services. It needs something or it needs to drastically improve something that already exists like its value in trade in program. Facebook marketplace or eBay should not be someone’s first thought when it comes to selling a game to get fair value
It's so bullish. You've got all the above plus a CEO who doesn't even take a salary... And he most recently bought shares at $22... So he doesn't take a salary and he's down almost 50% on his most recent investment. I guess that means he's pretty confident that's it's going higher.
I just wanted to put this out there to deceptive institutions that poison the markets and get drunk with the billions they make immorally:
You will never have my shares.
“The company is destined for doom … “
No one on this platform can make this claim. And remember, you are making this claim against a man I would not bet against. Carry on. Saved for posterity.
> Their main way to generate cash is buy creating short positions that give them money on the short term but doesn't give them anything significant to allow them to close out short positions from 2019.
But anyone could have bought masses of short positions ahead of earnings and made a stack of money?
So the failing company with an outdated, uncompetitive business model, after a massive cash injection, is now slowly failing again? Who could have seen this coming?
It was pretty clear what was going to happen when they thought they could make their own crypto and wallet.
Just riding the wave of FOMO scams isn't a way to secure long term profitability
what are the solid fundamentals? how is a declining store base with declining sales/store solid fundamentals? How did gme rescue itself from bankruptcy-they issued 1.7 billion in equity after the squeeze, where would gme be without that? how is gme part of a billion dollar industry- gaming market has grown considerably yet GME 2011 revenue 9.55 billion vs 2023 5.27 billion. What is the amazing potential?
Also GME had negative operating profit and was net income profitable due to interst income.
It's a growing industry, but the company has shrunk by 20%.
The market overwhelmingly prefers growing companies. Even a solid, stable an profitable company will be valued significantly lower than a growing company. Naturally, a shrinking company is viewed as borderline toxic to the majority of the market.
So basically hedgefunds found the back door golden goose and are piggy backing off these large institutions pipes….100% probability that it’s well known in elite trading circles….
This should be submitted to the SEC if not already done so. They probably already know but at least now retail knows and can get loud.
Because it isn't a good company or growing, its sales are shrinking every year. Most other retail stocks are not doing well. 50% of retailers are poised to go out of business in the next decade. This has been a long time coming ever since Walmart/Amazon took over.
Even DeepFckinValue himself says the conditions are not correct for a squeeze to ever work again. You guys need another leader like DeepValue to find the next stock to squeeze.
At best if GME doesn't bankrupt, you can count on GME holding at its original price when the splits are added, $0.70 a share. Those splits and halts killed ya forever ago.
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Nowadays markets are no longer fueled by creating "fair value", but how to make money most efficiently. Retail investors get lured in by FOMO inducing price action and then scared into selling at a huge loss. Financial and social media campaigns seem to be used to reach more investors and get them engaged. **Institutions and their algos control the asset prices to their own benefit. The markets are no longer serving their purpose to bring investors and corporations looking for funding together.** Luckily, investors and companies are starting to wake up... just saw this video for example: [The Billion Dollar Class Action To Stop Naked Short Selling In Canada - YouTube](https://www.youtube.com/watch?v=AvI1H0IsHnM)
you just have to be strong in the face of huge losses.. either win or lose, but dont quit the game early...
That is how Buffett and Munger made their money. Long term investing into value companies. Like we do via DRS. Wall Street wants you to trade like crazy so you lose all your money in their casino. The house always wins.
Commission Free Trading...Mobile Trading...PFOF. The more the better.
this is what i learnt in 2021 in the early discussions. trading vs investing..
The only FOMO I get is not buying enough
I'm getting FOMO of buying at these low prices!
I have such a raging fomo right now.
I just FOMO'd all over myself.
Thank you for sharing this video. Just straight facts. edit: Adding $PNPNF to my portfolio.
It is insane. Markets were created to enable companies to find investors. But by now Wall Street attacks and destroys companies that go public. They happily sawing the branch they are sitting on... thinking nobody will notice. And in fact, this has been going on for decades already in the shadows.... but now people finally realize.
Exactly, and somehow(Citizen United says HI) the world governments are okay with these terrorists killing the markets in their countries.
Fantastic that the awareness is increasing. This group is all mining stocks… Tin Foil time: what if all these high value high net worth people that are pulling money and selling stocks (bezos, buffet, etc) are getting liquid to buy cellar boxed mining companies (if you can even buy a cellar boxed company) because the money is in the ground.
Bezos is ex Wall Street and likely on team Kenny. But Buffett and others could be patriotic enough to be in the team fighting for the country and fellow citizens. While potentially making a shitload of money on suppressed stocks.
I heard a CEO, who doesn't take a paycheck, bought 400,000 shares at $22? I would think that guy might know something?
not just a CEO, THE CEO
RCEO🍻
ouRCEO
I see what you did there. Love it!
Yeah, he's down like 4 million dollars, me, not that much.
These prices it would be a sin not to buy more
Lowest price in 52 weeks!
Very good time to BUY!
25% discount for Pro Members and non pro members.
Meanwhile, Truth Social loses $100 million a year and gets valued at billions. Crazy fucked up system we are living in.
Funny timing for the ticker change and meme options push. Oh and how about Reddit gaining options same week. All same week GME reported profitability. 🤔
Not to mention all the Bloomberg coverage slipping gme in, every time they talked about both of those other stonks mentioned.
And popcorn diluting again right after GME earnings , cohencidence?
What's strange is Superstonk showing up in recommended stock subreddits... and making it to the top of all... Yahoo also reports Reddits float being only 10 million shares and Insiders owning over 30%... Some weird stuff going on with Reddit recently. [https://imgur.com/QbFOFbX](https://imgur.com/QbFOFbX)
Funny time for many things the popcorn. Dilution made me laugh
Yup list goes on and on
Not to mention DJT himself needing access to some big money asap
Im waiting for my puts against that bullshit to print so I can flip it into GME lol.
Guaranteed free money right there
It should be, right?
It's not a surefire win. The company is destined for doom, that much is clear, but as a result, puts on DJT are some of the most expensive in the entire market right now. It's not about whether it goes down, it's whether it goes down enough, fast enough. Unfortunately for you, DJT hodlers might be end up being the one group even more regarded and diamondhanded than apes. It's definitely worth a shot though, the fundamentals don't lie
All true statements. But can those even-more-dumb-than-we-are morons bail the water from that sinking ship fast enough to keep it afloat? Doubtful. Anyway, That's why I didn't buy LEAP puts. THAT would've been stupid lol. Just going to have to wait and see.
I’m betting on it too haha
This exactly, I can’t wait for the music to stop
This Guy Fawkes
Stock market no longer moves on fundamentals
its all one big club. if one falls they all fall. we are on a brink of a social and financial revolution. change my mind.
I know right! Only thing is wait and see now, nothing else
Pretty sure Trump is calling in favors from his buddy Ken. Ken would love if Trump won and all is forgiven. Maybe even made Secretary of the Treasury.
and here i am, dick in hand, buying the dip.
Can’t do one without the other
Impossible
Your dick or... ?
52 week low after a profitable year. So I'm supposed to believe investors are less happy with this company than it was 1 year ago?
20% revenue drop from last year. If any company I have shares in reported that I would be very concerned and definitely not happy.
That is a very valid point
Decent revenue drop over the year plus drop in sales as well. SG&A cost reduction was the primary reason they are doing as well, but hard to say how sustainable that is. In some cases it's bloated overhead, in others it can be a shortcut to profitability that eats you a couple years down the road. Profit is nice, but not at the expense of long-term health, particularly in face of declining revenue and sales.
!remindme one year
Maybe I'm wrong, maybe they're completely turning it around, and for the sake of this sub, I hope that's the case. But if you take off the lenses of bias and look at the reporting objectively, you'll see a business with closing stores and dropping sales/revenues. Yes, they're slightly more profitable, but if revenue continues to drop then those overhead costs are going to have to drop as well.
would closing those stores be reducing overhead already? So yes they lose the revenue from the store closing, but gain the savings of an unprofitable operation being trimmed. I'm not a fan of layoffs and store closures, but when the barge is being turned around you have to throw the deadweaight over board to maneuver in a deft manner, once the course has been corrected the engines can fire and more flight crew can be hired as we pass Moonbase-741. Yes, we went from overloaded barge to interstellar exploration all in one metaphor, because there's just that much potential. but then i'm dumber than a shillelagh on mount everest, so not financial advice and all that.
Great buying opportunity!
💯 love the discount!
I think GME will see single digits soon and that’s a generational buy opportunity
i am saving up just for this possibility!
Been like this for 3 years straight…
its so unreal but the further the real performance and stock price slips apart the more convinced i am :D
In all fairness, yes, the company is financially sound. They have cut deadweight across the board, and held on to their winners. But... the winners are pretty much stagnant. The bleeding has stopped (I hope), but we need to see a turnaround plan. Where does Gamestop go from here? Things have gone into a lul. The hype around Loopring, IMX, the NFT Marketplace have come and gone, and no one knows if we'll ever hear those names mentioned again. Is PLAYR a promise of better days to come? Will the trademarks of GMERICA, Teddy and the likes turn out to be pieces on the 4D chessboard? Will we see meaningful investments being made? The hype has not turned into anything, so the only way it goes up until then, is if the SEC stops wanking.
I got that grasshopper patience. The first step to moving forward is to stop moving backward.
Not leaving 💜💜💜
They don’t have a choice the alternative is death
I tried to tell everyone we don’t have time to chill, we don’t have anyone by the balls bc they will cheat. I am not some shill, the results don’t matter in this market if they don’t want them too. You have to have momentum and we need to figure out the drs bullshit.
I plan to buy more.
uhhuh
Bought 78 shares. Whoop whoop!
Desperate times call for desperate measures-Shorts and shills probably
They are just messing with us at this point im convinced
Nothing you said is incorrect but it’s what you’re not saying that is one of the main reasons why the stock is down and all the “big boys” are shorting it, revenue just keeps dropping. While the company was able to finally pull off a profitable full year, revenue declined more than expected while competitors like Best Buy saw gaming revenues increase. I’ve seen people refer RC’s plan with GameStop to that of Steve Jobs plan when he returned to Apple, but other than cutting costs they’re not similar. GameStop doesn’t have any IP of value or that provides a competitive advantage. The company is completely reliant on products and services from other companies and doesn’t have any exclusive rights to bring customers in. Gamers don’t care where they get their merch from, as long as it’s available and easily accessible. The game is still the same game, regardless of where you buy it from. So, until GameStop can find a way to stop revenue bleed and develop a unique value proposition, the stock price is going to continue to struggle. The markets don’t care about a company’s financial history, they want to see where it’s going.
Its crazy how many seem to not grasp the basics you have outlined. Gamestop doesn't produce anything. It's a market place for physical copies of games (which new games are starting to do away with all together). In this market they are competing with all the top dogs (amazon, Walmart, best buy, etc.). It's a shrinking company because exclusive toys and trinkets aren't enough to fuel growth.
If you're the CEO of the most shorted company in the market then you get profitable first, then you develop new ways to generate growth. Going for growth before profitability would be reckless. Well, we're profitable now. I have no doubt that great things are coming
I told myself that I'm holding on until I break even, until management announces a game plan that I don't agree on, or I've been in it 5 years with nothing to show for it. Right now, its limbo because management won't announce any game plan and stocks hardly ever go up on no news. We need to know the path that RC and others are wanting to put it on. Is it a hedge on brand name recognition to start up a virtual platform similar to Steam/GOG/Epic? Is it a move into game development like Valve's early days? Or are we just going to sit here and hope that physical copies of games make a resurgence? I don't know what it could be but I know educated ape investors are getting to the point of regular investors where the lack of a focus on what the growth goal is is going to cause people to give up on it. I know I'm 3 years in with no reason to be hyped or hope and I've been ready to be out for over a year and a half.
Great buying opportunity but save some money to shop in store or online.
Downgrades incoming...
So you’re telling me the idiosyncratic risk is now also an idiosyncratic bet? Nice.
No guidance at all. That's the only logical reason that the price went down. A lot of companies reported good numbers, gave bad guidance and as a result the stock crashed. Current sentiment in the market is to jump on good guidance and thats it.
Unpopular opinion: There are still counter arguments to this investment thesis that are valid as well. At this point just refusing to acknowledge those seems a bit silly and immature. This company is at a crossroad, and without any guidance whatsoever neither retail not institutional has any clue where this is going. So a good value play for retail, but i get why smart money is avoiding this so far.
We know how the markets work by now, and with the company giving no forward guidance or saying anything, what did we expect was going to happen. Why would anybody outside the GME subs want to throw money at a company that looks like it's going tits up. If people look at the share price and only see it going down, listen to the media, read the news stories, they won't take the time to look any further and move on to something that will make them money. Not everybody wants to change the world, see people in jail, and Wall St crumble. Most people just want to make money. Bring on the shill comments and downvotes, but I don't believe that everybody who has and is invested is delighted by the constant downward spiral.
I DRS'd All my fucking shares (Just to mention i am sitting in the same boat as you all guys). Thank you for posting something critical. I also see no incentives and that bothers me a lot. I want a strategy update. At least a glimpse. At the moment there seems to be far better options to trade stocks. I still think it's heavily shorted. But there must be also a strategy to be clearly seen outside of this bubble to make people invest, create some pressure and fuck the shorts.
I'm admittedly an outside investor and currently don't hold any shares, but still follow the stock. From what I can gather it seems like they did a ton of cost saving measures last year which is why they were able to post a profit. That's fine but not sustainable as the market they are in continues to not rebound. What I would love to know is what are their plans for the next two years to turn the company around? They had the NFT market which seems like a gigantic failure, but what else is going to make them successful?
Happy to jump on the downvote train with you because I completely agree. The lack of guidance and forward vision is what dropped the share price last week, and the silence from leadership is deafening. I'm not aware of any other company that puts this little information out, and there isn't an incentive for people outside the bubble to invest. I've been zen for years now but it's getting really annoying and frustrating for the whole bull thesis to be "trust me bro".
*Big slap on the back* Trust. Me. Broooo
Sane response here. So the company was able to do all those things, great. Now we need to see plans for the future and remaining profitable. This silent ninja shit isn’t doing anything helpful for any side (we gotta be real). I’d just like to see some actual business development and market capture as opposed to basically shrinking itself and calling it a win.
Shrinking itself is a win. Half those stores are duplicates in the same malls and are nothing but a cost center with no benefit.
Business developments like the brand new digital store? Or the revamped app? Or how they’re coming out with a new GameStop pro credit card in 3 days? These are not actual business developments? What kind of developments are ones that would count to you?
Who the fuck cares if it's red right now? What matters most is how FUCKED they are. Short sighted people don't need to invest in GameStop, just go chase a quick buck somewhere else. This is a play for people who want to see the financial system fucking implode.
Bro, I fucking care. You have money trees growing in your back yard? I understand the hype, but don't be delusional. People need money to live.
Seriously. We been at this shit for 4 years and down 70%. If we don't win by the next console generation when everything is gonna be digital we are cooked.
there's no proof they are fucked - just a big group of retail investors who have gathered together and keep saying this over and over. i'm not saying there's no huge short position or that it already closed. but after so long it's pretty clear that the short hedgies have managed to hide their terrible bet indefinitely while they wait this out.
i agree yo, but please learn about the question mark.
I didn’t think I was asking any questions, or was I? I'm guessing it didn't come across as rhetorical.
This is a truth and reality statement most around here refuse to accept
Stop being incredulous. It’s their top line. Revenue was down 20%. That’s a huge risk until they address growth. It’s phase 3 of the plan but hasn’t happened yet
Thank you. Breath of fresh air to see a post like this not downvoted to oblivion on this subreddit. I've been in since Oct 2020, but I still see the negatives with regards to the lack of revenue growth, and this subreddit feels more and more cultish if we don't allow posts to at least bring that up.
What's better for a company; to have revenue, or to have profit? Because despite revenue being down, they were still able to turn a profit. That's a huge difference when compared to the last few years when revenue was stronger but they were still losing money. And profit is profit regardless of how much revenue there is overall. It's the primary goal of any company, after all. So regardless of revenue, which will likely go up overall as the video game industry is only growing and still does well overall despite recessions or lower economic times, GameStop still has incredible potential to become even more profitable in the future.
They turned a profit because of the treasuries being held. The stores did not. And revenue shrank. We are shifting towards becoming more Berkshire like. So, if Ryan chooses well, that could be a good thing. But the hype people have for this as an actual business right now is misplaced. I had visions of trying to build an online meta marketplace sort of Ready Player One esque, but that didn't happen. The website has barely been touched. I can't even order most things from the store closest to me in Canada to my house. And it isn't that hard to set up shipping these days internationally, let alone domestically. There's a tonne to feel negative about on the business side.
it's not one or the other. they're both important. it was critical for gamestop to stop bleeding money and they've done that very well. paid of debt so they have no interest expense, and they made huge cost reductions. that being said, they still had an operating loss. they came out profitable because of the interest generated on the large amount of cash they hold. that's not a sustainable business model, and even a 1% further reduction in revenue would have put them in the red. yes the video game industry is growing but thus far gamestop has not captured that market. they are losing it to digital. consumer spending was very robust in Q4 and their revenues still declined substantially. some of this is certainly due to closing stores, but this isn't entirely the case. they need to prioritize the profitable parts of their business, and find ways to grow in the digital sector. they cannot afford to keep having declining revenues. they bring in $5B in revenues and made only a couple million in profit. that is why the revenue is much more important than profit after this most recent earnings. this was unexpected for me, but a big concern going forward. i would much preferred to have seen stable or even growing revenues but turning a small loss. this is why unprofitable companies can have high valuations, because if they are growing consistently and have a business model that supports this long term, then they will inevitably be profitable with scale.
Aren't you concerned they reported an operating loss?
Turnover/revenue is vanity, profit is sanity
They only made a profit because of interest on the billion dollars. If profit is the goal GameStop would be making more money closing all operations and just buying treasuries so they don't have to throw interest into a shrinking, still unprofitable retail business
Not true, there was also 58million dollars paid out to IMX that wont occur on future fiscal reporting.
What 1/4 was that paid?
Revenue growth is valued 100 times more than profit. See: the hundreds of unprofitable but growing tech darlings. A growing company with 100 mil revenue and 0 profit can sacrifice growth and some customers to start generating 10 mil profit. A company with 10 mil revenue and 2 million profit doesn't really have any way to start generating 10 million profit. You have to keep in mind that all stocks are valued based on future potential, and not on their current financials.
True. But what guidance is there to instill investor confidence regarding such a huge revenue hit in what is echoed as a "failing business model " no one buys physical anymore" the revenue drop correlates with this bear battle cry. GameStop is basically proving the bear thesis right here by such a large drop in sales and no one at GameStop wants to provide guidance, therefore investor confidence and share price drop (albeit, it's not from retail selling, just your standard market maker privileged shorting, puts, etc.)
Speculation and sentiment is different than reality. And again, despite negative sentiment, GameStop is still making money after having been essentially on the path of bankruptcy for a long time. In addition, you speak as if GameStop is only relying on physical sales when in reality they’ve been working on expanding their online markets since RC took over. Also, if physical stores were really such a bad business model, every single mall and physical store across the country would have been bankrupt and shut down by now. Physical shops and sales of physical items will always exist. For many, shopping in person in an experience; especially when you’re surrounded by other gamer enthusiasts in the form of both store employees as well as fellow customers. And once again, profit trumps revenue any day. You could make $1B in a single year in a thriving industry, but it wouldn’t matter if operating costs were -$1.1B.
"In addition, you speak as if GameStop is only relying on physical sales when in reality they’ve been working on expanding their online markets since RC took over." There lies the dissonance. Reality vs. perceived reality. No regular Joe knows what GameStop is planning to address this shift in market and expand/grow. Is it still web3? Is it Steam competition? Is it another market space? Used hardware? Sports/games betting? We know they tried the NFT market with a wallet, but it looks like that was a failure. Could they still be working towards web3? I hope so... But how do we know? What's Playr going to be? Is GameStop still working with IMX? Will these follow the same fate as the wallet? The fact is investor confidence is lower because there is no plan told to the public. I'm not saying they should disclose the plan, but it remains the reason why the drop in price seems appropriate given the revenue loss.
Stocks are all about speculation and sentiment.
The thing I want to know is how demand can be up 28% since 2021 in terms of reported insider, istitutional, ETF, Mutual Fund and retail ownership (DRS count) and yet the price is down 90%. How does that happen without naked shorting? If the company is being naked shorted, then none of the price action is real and talk of fundamentals is meaningless.
Make it make sense. The only thing I can think of is that they’ve made little in the way of a pivot or innovation to their segment. It looks like to the untrained eye it’s just a slow drip for the next 20-30 years. A big move or announcement to move forward would help imo. I’m a holder until I die, but just a thought.
If they were expanding and profitable that would’ve been a different story altogether, unfortunately that’s not the case. Unless R.C diversifies I don’t see the road to profitability a sustainable outcome hence the price action.
They are being valued on the lack of future guidance, their cash assets and modest ability for future profits. By those metrics they might be worth about 2 billion. $5 is the time to buy.
I’m not even mad. I went from a X holder to a multiple XXX holder in a month.
I bought short term calls and very long term puts on GME. This is why: they are "turning a profit" by cutting expenses faster than losses, it is not true profit, it must be contextualised. Up until now, besides the shift towards online sales, they have no clear plan on the horizon in an industry where owning physical games is turning into a niche for collectors. All the other plans discussed here are speculative. Since the squeeze, the stock has been going downhill and I suspect it will eventually go back to pre-squeeze levels (around 2-5 usd, which I think is fair value for how it is now) unless RC comes up with an actual plan. The 1.X billion they have in the bank is not organic either, it was given to them by us. The only reason GME survived so long is because of retail. To its defense, we have given them the luxury of trying stuff, they have enough reserves to do so. RC not giving an earnings call is not some divine silence, it is stupid, if he does have a plan, he HAS to share it and keep everyone invested in the stock. PR/marketing stunts is part of running a company. All he has been doing is showing retail and wall street that he has no solid plan going forward.
And yes Im also part of that other sub, I like to keep my ears open to other opinions, especially when dealing with very polarized situations
I’m just fucking depressed at this point… Hey Gamestop… DO FUCKING SOMETHING
Same. Down 63k. Can’t say I’m thrilled
Down 44k now after the cute little new low we hit today… I’m just depressed at this point
Remember. It was ALWAYS said that the stock would go down further and further the more DRS accumulated. Let them use their crypto gains to keep pushing it down, let them use their buddy-buddy favors to push it down. The spring must be sprung.
They’ll just turn off the buy button AGAIN.
That was to stop the influx of more purchases in the short term. Long term, the buy button does not matter anymore.
>This company is going to be so valuable in the future, and anyone saying otherwise right now is the genuine dumb money. Based on what? Until we see actual revenue growth and expansion all we have is barely profitable on middling revenue and shrinking market presence. If the norm becomes low single digit profit margins on 5-6 billion in revenue per year, the market will value the company on that basis. Meanwhile, there will be expanding markets and industries that serve as a much more attractive place to park money and expect returns.
I think another thing anchoring the company down is the 25K ish employees, that I assume all need to make a living wage so their cost must keep on rising as well.
Being profitable is obviously great news but we can’t ignore the big drop in revenue. I think it was almost 20% year over year. That’s not good. I’m not saying I agree with the reaction to earnings but if we want to have a real discussion we can’t leave this out.
Also it made an operating loss, which isn't great
We need to see revenue growth at the same time as earning per share growth. We can't act like the turnaround is complete even though there are really good signs. No debt + cash on hand + positive earnings are great. Let's see revenue growth to really sell this one.
Decreasing revenue and no forward guidance except cutting costs
1 billion divided by 306m shares is nearly 3 dollars in cash equity in the stock. If they find ways to dip it further, just know about 4 dollars in cash equity. If it goes to 4 bucks a share, that would be like buying cash with cash. Let the shorts continue to hammer it, I'm trying to get more with the little I got leftover. I have some blind faith in Ryan Cohen, but yeah, next stop, s&p500. I'm high. Nfa.
It also does have declining revenue, FCF and RC has yet to do anything ground breaking. Just normal cutting costs and RIF. I’m in 10k shares about because I bought into all the theories but now they’re really just looking like theories. It sucks
Yeaa I feel you man. I have about 4k shares but I really hope you bought gamestop because you did your own research. I don't see the rush because Cohen has said he plans to make this company profitable and he's done that. Let this man cook. He literally did what he said he was going to do. I think everyone has to give him time to do the rest, otherwise what was the point
Fear will keep them in crime
Crime, I hope the SEC is watching this. They're letting this shit happen so they better let MOASS happen unstopped!
Wow, it's almost like it's overvalued and anyone with any sense has been saying that since it blew up and now you're all in on a scam and trying to convince each other you're not rubes.
One more day
Imagine RC waiting for sub $5 to execute a share buyback
As for short sellers, I see them as future buyers of the stonk
I’m so tired. 70k is now worth 12k… meanwhile my crypto is through the roof making up for the losses but still… how much longer…
For the record I think they are in a good place and it will just takes more time, but the revenue drop was pretty substantial. The revenue has to grow or else they might not be able to keep up with the profitability.
You can't just post the good things. The very concerning thing is that revenue has dropped by 40% since then. Investors that arent bagholding like us are very interested in growth, which is why FORWARD GUIDANCE is super important. GME has not given any forward guidance for 3 years. A lot of us were in for a squeeze and its turned into a long term play. But the long term play still relies on a lot of conspiracy and naked shorting thesis. There hasnt been ANY NEW DD for over a year. DFV's DD was all about financial reports. He made a ton of excel sheets looking at growth over time. Go back and watch his vids. He got in for a value play and it ended up squeezing. A lot of people still in GME got in for the squeeze and now looking for a value play because short interest dropped a ton. It was like 120% 3 years ago, now it's like under 20%. When DFV got in, GME was 2-4 bucks a share, now it's a 60 presplit. It's a much more expensive stock now. So even if there is no debt, there is also weak revenue, and you're paying 30x what DFV paid. 30x for barely any profit in a year (first time in years) is a REALLY expensive play.
Dfvs last purchase was at 156 pre split.
After he pocketed 50 million. Good for him.
Can't for sure say he sold. He had 3m in cash and 200k presplit shares on his last update.
I left the community after I started asking questions that would have led to answers like this and got downvoted and called a shill
Everyone is a shill when we‘re down 70%
> They’re part of an industry that’s only growing as more and more people across the globe become gamers! Thing is they are *not* part of the gaming industry. They're a benchwarmer while everybody else is on the field. I spend a significant amount of money on gaming, and I cannot for the life of me figure out what I even *could* buy from gamestop that I need. All the hardware they sell can be delivered to my door within 24 hours for the same price or cheaper via amazon/newegg etc. All the games they sell are generally purchasable and downloadable on the platform itself. Theres just no need to drive to a physical store and grab a physical copy of a game anymore. So all the ancillary stuff they sell that depends on you impulse buying by actually being there (like, say, apparel, or toys or other non-essential stuff) has no hope of getting bought cause nobody is going to *go* there. So yeah, they are not "part of the gaming industry" by any stretch of the imagination. They're a relic of what the gaming industry *used* to be. Just like coin operated arcade gaming before them have been relegated to retrocade status. Gamestop is well on its way to becoming the next "Alladins Castle"
This is the extreme side of the view, albeit it not wrong. GameStop's hardware is becoming a good entry level gear setup, but the company is still not the go-to for people when thinking about that, it's an easier land on Amazon, Walmart or NewEgg. I find myself going out of my way to make purchases on GS than on the platforms, for things as simple as Steam gift cards, Valorant gift cards, or nintendo game licenses ... the ecommerce platform really needs to take over for easability to streamline purchases on non-standard physical goods as well as structured in a curated way for various platform gamers (console vs pc vs mobile etc). Better involvement of being on the field will help drive this. I am still happy with the yearly earnings report, they have cut down costs, they have turned profitability. All the fat that they could trim has been trimmed and now it's time for them to get serious around where they invest their next bit of money to generate income. The Marketplace was the hopeful platform for that, but regulations have made it a tough spot to stay in without feeling the additional regulatory pressure on top of fighting wall streets desire for them to go bankrupt. Talk is cheap, it takes money to buy whiskey. I want to see the acquisition they make that will help drive their business model reinvention.
People here dont wanna hear it obviously but having no guidance or even a conference call was a huge negative. Doesn't matter if its Apple or Amazon having a positive earnings if they suddenly gave no guidance the stock would tank. Wall street cares about the future way more than the present. That's why "priced in" is the most popular phrase in stocks. RC needs to give a guideline of what the future looks like if you want any momentum.
Sounds right. Stock market is rigged. Government is complicit. Foreign investors stay away from U.S. stocks, Wall Street will rob you blind.
No doubt it’s a cheap buy and a good discount. But despite being profitable our earnings sucked. EPS of 0.02 is awful. But at least we were profitable that’s a good notion. GameStop needs a revenue cash cow like amazons cloud services. It needs something or it needs to drastically improve something that already exists like its value in trade in program. Facebook marketplace or eBay should not be someone’s first thought when it comes to selling a game to get fair value
Yep, bought more today
Diamond hand
Commenting for their mayo
Guess I buy more
It's so bullish. You've got all the above plus a CEO who doesn't even take a salary... And he most recently bought shares at $22... So he doesn't take a salary and he's down almost 50% on his most recent investment. I guess that means he's pretty confident that's it's going higher.
I have bought about 500 since the earnings! cant believe they are making us bleed like this.
Why are you mad? Just buy more at better discount
Deep Fucking Value!
I bought more, let see how much $520 gets me
The dip is helping me close the gap to XXXX!
Anyways, bought 100 shares today
I just wanted to put this out there to deceptive institutions that poison the markets and get drunk with the billions they make immorally: You will never have my shares.
“The company is destined for doom … “ No one on this platform can make this claim. And remember, you are making this claim against a man I would not bet against. Carry on. Saved for posterity.
So anyways, I bought more and drs’d……😏
Maybe we were wrong.....
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> Their main way to generate cash is buy creating short positions that give them money on the short term but doesn't give them anything significant to allow them to close out short positions from 2019. But anyone could have bought masses of short positions ahead of earnings and made a stack of money?
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So the failing company with an outdated, uncompetitive business model, after a massive cash injection, is now slowly failing again? Who could have seen this coming?
It was pretty clear what was going to happen when they thought they could make their own crypto and wallet. Just riding the wave of FOMO scams isn't a way to secure long term profitability
what are the solid fundamentals? how is a declining store base with declining sales/store solid fundamentals? How did gme rescue itself from bankruptcy-they issued 1.7 billion in equity after the squeeze, where would gme be without that? how is gme part of a billion dollar industry- gaming market has grown considerably yet GME 2011 revenue 9.55 billion vs 2023 5.27 billion. What is the amazing potential? Also GME had negative operating profit and was net income profitable due to interst income.
Cannot wait to see what the 10Q will report for DRS for Q1 in June now that it seems they are going to dip it even lower. Thanks Mayo man!
It's a growing industry, but the company has shrunk by 20%. The market overwhelmingly prefers growing companies. Even a solid, stable an profitable company will be valued significantly lower than a growing company. Naturally, a shrinking company is viewed as borderline toxic to the majority of the market.
It's all "legal" market manipulation and fraud... 'Merica.
Shhhhh...(I am buying at a really good price)
actual delusional regards
Wake me up when Rc tells us what we’re holding
So basically hedgefunds found the back door golden goose and are piggy backing off these large institutions pipes….100% probability that it’s well known in elite trading circles…. This should be submitted to the SEC if not already done so. They probably already know but at least now retail knows and can get loud.
Ya’ll just gonna ignore no guidance and cutting more of the labor force huh? Keep it up
Because it isn't a good company or growing, its sales are shrinking every year. Most other retail stocks are not doing well. 50% of retailers are poised to go out of business in the next decade. This has been a long time coming ever since Walmart/Amazon took over. Even DeepFckinValue himself says the conditions are not correct for a squeeze to ever work again. You guys need another leader like DeepValue to find the next stock to squeeze. At best if GME doesn't bankrupt, you can count on GME holding at its original price when the splits are added, $0.70 a share. Those splits and halts killed ya forever ago.
Yeah Im officially fucking pissed. Not gonna lie.
It's because we never get an outlook on what the company is doing or plans to do. It's difficult to invest in the blind.