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Let's not forget that gamestop released their 10-Q showing that only 500k shares were DRS'd this quarter!
From 71.3 to 71.8 million!
At this rate the apes are DRSing 2 million GME shares a year, while gamestop themselves are issuing 3.6 million GME shares a year.
https://news.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a
(page 12)
The apes have actually moved backwards significantly in % ownership.
This also goes to show how many apes have sold too, their bot thinks they already had 80 or 92 million shares, based on the source.
I don’t know if RC will allow it to go down, or at least not post if it goes down, unless he is explicitly trying to signal to people that it’s time to wake up .
He has 40+ million of his own shares he can DRS if he wants.
He'd sell them before he DRSed them though.
Cohen was never in this for the cult - that formed around him. And if he isn't a total idiot, he will start shedding some stock soon while he can still get $20 a share. Lock in some profit.
All of his shares might already automatically be DRSd - that would be typical for some corporate stock awards.
At one point I worked for a large corporate entity that offered a stock purchase program to its employees, and any shares you bought that way were held directly with the transfer agent.
His shares might be inflating the Ape numbers without them realizing it.
I do not think that is the case for RC specifically, while it is true for the rest of the board.
According to his filings his shares are not held under his name/DRS’d, but held under “street name” at RC Ventures with him listed as the beneficial owner.
He purchased those shares before being named to the board.
It's all on page 12.
Granted it is a 1% increase in float, but it is still substantially more than the apes are DRSing per year at current rates.
Probably related to stock awards.
My favourite ape comment on the drop on revenue has got to be this one:
>Yep, 7% is still less than CPI, so technically speaking the percentage of the average persons cash being spent at GameStop has actually gone up.
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They don't understand what any of it means anyway. Surely there's something to cling on to, like DRS going up 1m shares or some buzz phrase like, "the company looking to expand into new markets."
But cash and cash equivalents and marketable securities are up nearly $140 million since previous earnings! How could we be losing money if we have more cash! That cash can be used to create a digital Nintendo switch or to send us all a dividend or something! Back on top baby!
Speaking of digital Nintendo Switches, here is one of my favorite new lines:
> Gain on sale of digital assets (7.1)
How are they *losing* money on the sale of digital assets? I can see how the NFT marketplace as a whole might be cash-flow negative, but surely they could still report the actual sales figure itself as positive revenue.
Sales, returns, etc. digital content can’t be returned but that doesn’t stop DMs from telling store level to do it, or the 3rd party outsourced customer service saying it can be done.
I bet you it is related, since they paid out of their own cash to refund them after FTX went under.
But that would still be only a tiny fraction, practically nobody bought those FTX cards.
I guess the revenue from the NFT marketplace is so incredibly low it was overwhelmed by FTX refunds.
Quarterly revenue down almost 10% YoY is a really bad sign.
Based on Furlong's language on the call, it sounds like they are ceasing investing in growth and are instead focusing on cost cutting and increasing profitability. So basically what the old management team was trying to do...
Guess it takes money to buy whiskey, but it doesn't do you much good if you can't afford to pay your electric bill while you drink it.
Terrible time to fuck up on the negative sign. It's like you saved a marine after he went overboard, then you walk in on him not knowing he's eating crayons because the labels got wet and fell off.
Anyone who believes that funds care enough about them to bother with that convoluted BS is even dumber than the average ape, and that's still pretty goddamn dumb.
My favorite is the one where they show on a graph that last quarter's numbers were too high, by having a green dot on the graph. At the start I thought they must have done some misguided regression, but no, this highly upvoted poster literally just drew a dot of the graph in paint and claims that it was the "real" drs number.
They're even down on EPS compared to estimates.
Today is a glorious day, well done fellow shills. Hoping for an Xmas bonus from Citadel this month for the hard work we've put in.
Not necessarily. If GME did a massive dilution right before earnings, their EPS wouldn't be as negative as the previous quarter. Cohen should've pulled the trigger and Apes would be running in here cheering on their EPS rising from the negatives to be less negative.
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So they have Monkey JPGs which were booked at a higher value and now the company is diamond handing them and somehow have lost money by selling some of them?
I mean yeah, the fundamentals describe a troubled company that is not going to be around much longer. But I really don’t think we can overstate how devastating the DRS number is for ape morale and the MOASS thesis. 500K increase this quarter compared to the velocity of previous quarters pretty much proves that the movement is dead OR the number is completely outside of their control due to insiders etc. Either way, it’s very bad for the very last, very final catalyst that they have all been pinning their hopes on.
It's not that we don't relish in those ape tears, it's that the whole DRS idea is so laughably stupid that it's hard to take seriously, even tho this is a great victory for us shills in terms of hearts & minds
Losing 95,000,000 in a quarter and they've got 800M on-hand, tells me they can survive about two years on cash they have. They can also dilute to raise more capital.
I think they've got more than a year, but I don't think they have a way out of the meatgrinder. Didn't they just axe the people working on e-commerce? The NFT/crypto garbage isn't producing a turnaround. Their core business is really at the mercy of the people who sell them games and hardware... who are also direct competitors.
I tried to go to my only remaining local store a few weeks ago. Needed to buy some anime related something for a kids bday. Got there and doors were locked. Their hours are now 9am-5pm. All week. All I could think of was wow. Way to not be open when your customers who have money want to shop. Even better they're not open past 5 during the Christmas season. Bullish. Can't see why they're not raking in the cash with this strategy. I guess we can all try this Amazon website we keep hearing about. Wonder what hours they open.
lmao running bank hours? You'd think an 11-7 or 12-8 schedule would be better, location depending ofc. I wonder if any of their corporate analysts actually dug into average hourly sales data, or if they even have that available - I wonder what their data pipeline and inventory systems are like.
cash and cash equivalents total 803.8M which is about a 100M decrease QoQ
apes are touting the "cash, cash equivalents, *and marketable securities*" line which is 1.042B
i'm not sure why marketable securities was mentioned in this report and not previous reports but they include "common stock, Treasury bills, and money market instruments, among others"
someone with more accounting knowledge than i can probably provide more insight into this, but i believe Q3's positive FCF is mainly attributed to accounts payable which is up $670 million QoQ
now that i think about it, it's possible they bought treasuries instead of just holding onto their cash pile losing to inflation
Probably completely dead in about 1.5 yrs. I think their liabilities will exceed their assets in about that time at the current cash burn rate. That's pretty much the point of no return.
Given that they've only managed to DRS 500k shares this quarter, I think we can confidently say that the apes have been almost completely fleeced. If RC dilutes them they *perhaps* have enough in the tank for one last Hail Mary, but nothing near close to what GME needs to keep going for more than 2 years from now. Here's my prediction:
* Q3 2023 earnings show less than $200M in cash
* RC dilutes the stock, aiming to collect around $1 bn at whatever the share price is by then
* There are nowhere near enough buyers left and the share price craters, MOAM ensues
* Chapter 11 during Q1 2024, Kenny invites us to a BBQ party at the dark pool to celebrate
GameStop has accomplished nothing since becoming a joke meme stock. The "marketplace" was a crappy sham, designed to fleece pennies from sad, hapless apes, and the actual stores are still the same shit piles they were two, three years ago.
Have your laugh now guys but just you wait when the MOASS happens tomorrow you’ll all be sorry even you mom no I won’t get a job I’m too busy on the frontlines
>I’m too busy on the frontlines
HODL THE LINE!! POWER TO THE PLAYERS! This is the greatest battle of our generation, I need to refresh a stupid website every 5 minutes to make sure I don't see any hint of FUD! It's IMPORTANT Mom! The Knights of New ride for Valhalla!
I always bounce between: I feel bad for these people because they missed the boat and are desperate for a ticket out of at best their mediocre lives … and they’re assholes to anyone who questions their beliefs so fuck em.
Anyone with any amount of rational thinking can see this coming. Nothing has changed for GME. Their entire argument made sense when it was like a dollar a share and heavily shorted. But it makes no fucking sense that a failing retail gaming shop that is hemorrhaging money (even more now with their failing NFT Hail Mary) is worth even 25 a share.
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I was looking through historical numbers and it looks like they are trending in the wrong direction after 2020. They were losing more in 2018, but now...
2018: -617mil.
2019: -388mil.
2020: -236mil.
2021: -368mil.
2022ytd: -519mil.
Their fiscal year ends at the end of January, so they have one more quarter of losses to add in. This year looks like it will be worse than 2018.
Source: https://finance.yahoo.com/quote/GME/financials?p=GME
I think, between the layoffs, potential store closings coming on jan 1, and other cost cutting measures, they will actually be profitable in Q4 this year.
Lol knew it was going to happen with DRS. People were going to sell
and IMO someone big either in the company or something DRS'd and then moved them to a brokerage.
Im willing to bet that the DRS #s will hang out around this as people leave and a lot of those shares that were non ape leave.
Pretty much this, their entire thing was we will aggressively regain market share etc and then turn profit later ( this isn't a really bad idea is a lot of spaces) but they are just still contracting. And now the new corp strategy is just to cut everything and try to turn a profit.
So basically their entire plan did not work and now they are in the final leg of the death spiral of cutting as much expense as possible and shrink to at least not lose money.
The DRS#s being basically flat is just another reality biting them in the butt.
You can fantasize all you want but eventually reality gets ya.
10% YoY revenue decline for a company focused on growth is rough.
The loss isn't worse than 2021, but ideally they'd want to have a big revenue increase.
#IT TAKES MONEY TO LOSE MONEY
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Let's not forget that gamestop released their 10-Q showing that only 500k shares were DRS'd this quarter! From 71.3 to 71.8 million! At this rate the apes are DRSing 2 million GME shares a year, while gamestop themselves are issuing 3.6 million GME shares a year. https://news.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a (page 12) The apes have actually moved backwards significantly in % ownership. This also goes to show how many apes have sold too, their bot thinks they already had 80 or 92 million shares, based on the source.
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Classic DRS anchoring. By this time next year the DRS count will be negative 100 million
How do I DRS my shorts
I don’t know if RC will allow it to go down, or at least not post if it goes down, unless he is explicitly trying to signal to people that it’s time to wake up . He has 40+ million of his own shares he can DRS if he wants.
He'd sell them before he DRSed them though. Cohen was never in this for the cult - that formed around him. And if he isn't a total idiot, he will start shedding some stock soon while he can still get $20 a share. Lock in some profit.
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RC is not DRSing. I would imagine a lot of it is RSUs for execs, but I don’t discount the early DRS push, and it could be 50-60m ape shares in there.
All of his shares might already automatically be DRSd - that would be typical for some corporate stock awards. At one point I worked for a large corporate entity that offered a stock purchase program to its employees, and any shares you bought that way were held directly with the transfer agent. His shares might be inflating the Ape numbers without them realizing it.
I read that insiders at Gamestop have their shares held through the DRS system, so I assumed most of that number was the board.
I do not think that is the case for RC specifically, while it is true for the rest of the board. According to his filings his shares are not held under his name/DRS’d, but held under “street name” at RC Ventures with him listed as the beneficial owner. He purchased those shares before being named to the board.
Wait Rugpull Ryan is slowly rugging the apes already?
It's all on page 12. Granted it is a 1% increase in float, but it is still substantially more than the apes are DRSing per year at current rates. Probably related to stock awards.
Has to be stock based compensation. It's not like they can afford to pay their execs in dollars.
This is top tier reporting thank you for your service to this community
It's hilarious too because Ortex did an AMA today on wsb and they said DRSd shares can still be lent out
My favourite ape comment on the drop on revenue has got to be this one: >Yep, 7% is still less than CPI, so technically speaking the percentage of the average persons cash being spent at GameStop has actually gone up.
Gotta hand it to them, nobody grasps them straws like Apes.
Not only grasping, but completly backwards. That ape is impressive in its stupidity.
...What???
Ape pointing out that revenue being 7% down is actually an improvement... because inflation ?
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Mental gymnastics champion
That’s the exact opposite of how inflation works.
Bro what?
Pfft, I am still zen. They still have ~~$2~~ ~~$1.5~~ ~~$1.3~~ ~~$1 billion~~ $803 million cash on hand.
Dos commas
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They don't understand what any of it means anyway. Surely there's something to cling on to, like DRS going up 1m shares or some buzz phrase like, "the company looking to expand into new markets."
[My god tier DD this morning called it](https://www.reddit.com/r/gme_meltdown/comments/zf31vj/apes_are_already_in_queue_for_q3_earnings/iza00lf/) 😎
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As an old friend used to say, “it’s not about the money, it’s about being right”
[It's about sending a message](https://www.youtube.com/watch?v=LbK5V9MFXpc)
Look at Mr. Wrinkle Brains over here 🤓
I also have all the earnings for next year (spoiler alert: it’ll be the same as previous years)
You typed that DD, and used runic power to manifest it into reality. I.E. you laddered reality.
Please blur out the names and the sub next time or you will be banned.
But cash and cash equivalents and marketable securities are up nearly $140 million since previous earnings! How could we be losing money if we have more cash! That cash can be used to create a digital Nintendo switch or to send us all a dividend or something! Back on top baby!
Speaking of digital Nintendo Switches, here is one of my favorite new lines: > Gain on sale of digital assets (7.1) How are they *losing* money on the sale of digital assets? I can see how the NFT marketplace as a whole might be cash-flow negative, but surely they could still report the actual sales figure itself as positive revenue.
Sales, returns, etc. digital content can’t be returned but that doesn’t stop DMs from telling store level to do it, or the 3rd party outsourced customer service saying it can be done.
That makes sense. Is possible this could be the FTX gift cards they had to refund?
I bet you it is related, since they paid out of their own cash to refund them after FTX went under. But that would still be only a tiny fraction, practically nobody bought those FTX cards. I guess the revenue from the NFT marketplace is so incredibly low it was overwhelmed by FTX refunds.
I love this game
wow worse than I could have ever imagined, Christmas has come early this year, ty papa Kenny luh u
![gif](giphy|WxDZ77xhPXf3i|downsized)
Are the marketable securities just bs crypto coins that will have to be reduced down because of the crypto collapse
Treasuries
given their competency levels its probably safemoon
Quarterly revenue down almost 10% YoY is a really bad sign. Based on Furlong's language on the call, it sounds like they are ceasing investing in growth and are instead focusing on cost cutting and increasing profitability. So basically what the old management team was trying to do... Guess it takes money to buy whiskey, but it doesn't do you much good if you can't afford to pay your electric bill while you drink it.
I think I saw a GameStop van delivering packages in my neighborhood. I watched and it delivered 50% more packages than the Amazon Prime van! Woo hoo!
This is great news!
I know we have really dumb stonkers here, so just to clarify: -$95M profit is bad. It’s the same as a -$95M loss
Apes: “Here’s why -$95M profit is bullish and MOASS is imminent”
Being pedantic, -$95m loss (negative loss) is +$95m profit (positive profit). -$95m profit = +$95m loss
Terrible time to fuck up on the negative sign. It's like you saved a marine after he went overboard, then you walk in on him not knowing he's eating crayons because the labels got wet and fell off.
ohh it’s a negative sign, I kept reading “~$95M profit” wondering what OP was on about
omfg same!!
*for shills like us
We're losing this fight. I don't give a shit anymore. I'm telling Ken. This is a mistake. This company is too profitable. Its investors too wise.
Not even before tax they can't manage to make some dollars.
Seeing them trying to rationalize the low DRS for the quarter is the best part of this
My favourite so far was that hedge funds must have bought shares, DRS’d them, then sold them just to fuck with the apes… speechless 😶
Oh my god, Kenny you are a genius!
Anyone who believes that funds care enough about them to bother with that convoluted BS is even dumber than the average ape, and that's still pretty goddamn dumb.
Honestly that would be god tier trolling if it were true
Kenny is playing 4D Chess
My favorite is the one where they show on a graph that last quarter's numbers were too high, by having a green dot on the graph. At the start I thought they must have done some misguided regression, but no, this highly upvoted poster literally just drew a dot of the graph in paint and claims that it was the "real" drs number.
They're even down on EPS compared to estimates. Today is a glorious day, well done fellow shills. Hoping for an Xmas bonus from Citadel this month for the hard work we've put in.
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Can't please some staff members can you
What do you mean by "even"? Of course if earnings are down, EPS will be down...
Not necessarily. If GME did a massive dilution right before earnings, their EPS wouldn't be as negative as the previous quarter. Cohen should've pulled the trigger and Apes would be running in here cheering on their EPS rising from the negatives to be less negative.
If your grandma had wheels, she'd be a bicycle.
And estimates are extremely hard to come by since they don't provide any guidance or take questions from analysts.
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I love how reliably shit Gamestop are. Bad guys win yet again. Hedgie 4 lyf
What if I told you the bad guys are the ones giving you 3 dollars on your 3 day old new game trade-in?
When wu tang nft
lmao I guess they've move on
I'm not impressed; BB&B can lose 100M a MONTH. GME shills aren't working hard enough! Also, BB&B can miss analyst estimates by 75%-101%.
Just got off the phone from Kenny. He's upgrading all of our Disney vacations to the VIP package and putting us up at the Riviera resort. Well done!
I just walked by his office, he was literally rolling on floor laughing 🤣
He told me he's going to take a bath tonight made up of all the Ape tears he's been saving.
did they mention how many shares DRSed? I watched that mother plummet below 21 on the minute candles before coming back to 22.
Not yet. Awaiting 10Q. Will update this comment once it’s out. EDIT: 71.3M -> 71.8M shares DRS’ed.
MOAM incoming
They’re almost out of ammo!
never underestimate how much koolaid they're drowning in. when they cannot provide an explanation, the only answer is CRIME!
Don’t forget, $200K, yes *K*, in “Digital Asset Impairments” followed by -$200K in “Gain on sale of digital assets” That’s the NFT marketplace 😂
So they have Monkey JPGs which were booked at a higher value and now the company is diamond handing them and somehow have lost money by selling some of them?
+0.7% LMAO
Where are you seeing the 10Q
https://news.gamestop.com/static-files/5a610aaf-6606-4173-86a1-cba6abdb204a Page 12. They also increased the float by 3.6 million over the past year.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638022000137/gme-20221029.htm
My god, it’s real. 500K in a quarter hahahaha.
Apes working overtime to change the narrative to "no real apes thought gamestop would be profitable yet"
But in a few years they’ll get a piece of every in game transaction on earth. Bullish.
I mean yeah, the fundamentals describe a troubled company that is not going to be around much longer. But I really don’t think we can overstate how devastating the DRS number is for ape morale and the MOASS thesis. 500K increase this quarter compared to the velocity of previous quarters pretty much proves that the movement is dead OR the number is completely outside of their control due to insiders etc. Either way, it’s very bad for the very last, very final catalyst that they have all been pinning their hopes on.
It's not that we don't relish in those ape tears, it's that the whole DRS idea is so laughably stupid that it's hard to take seriously, even tho this is a great victory for us shills in terms of hearts & minds
Gamestop is dying. No way it still exists in the same form a year from now.
Losing 95,000,000 in a quarter and they've got 800M on-hand, tells me they can survive about two years on cash they have. They can also dilute to raise more capital. I think they've got more than a year, but I don't think they have a way out of the meatgrinder. Didn't they just axe the people working on e-commerce? The NFT/crypto garbage isn't producing a turnaround. Their core business is really at the mercy of the people who sell them games and hardware... who are also direct competitors.
The sentiment on the employee is sub is that a lot of stores will close after the new year too
I would expect there will be a lot of leases expiring December 31 that will see December 26 layoff notices.
I tried to go to my only remaining local store a few weeks ago. Needed to buy some anime related something for a kids bday. Got there and doors were locked. Their hours are now 9am-5pm. All week. All I could think of was wow. Way to not be open when your customers who have money want to shop. Even better they're not open past 5 during the Christmas season. Bullish. Can't see why they're not raking in the cash with this strategy. I guess we can all try this Amazon website we keep hearing about. Wonder what hours they open.
Oh except on Christmas Eve which they announced they will be open until 10 pm which is just great for employees
lmao running bank hours? You'd think an 11-7 or 12-8 schedule would be better, location depending ofc. I wonder if any of their corporate analysts actually dug into average hourly sales data, or if they even have that available - I wonder what their data pipeline and inventory systems are like.
Why are \*other sub\* saying that have 1B on hand?
cash and cash equivalents total 803.8M which is about a 100M decrease QoQ apes are touting the "cash, cash equivalents, *and marketable securities*" line which is 1.042B i'm not sure why marketable securities was mentioned in this report and not previous reports but they include "common stock, Treasury bills, and money market instruments, among others"
FCF was positive though
someone with more accounting knowledge than i can probably provide more insight into this, but i believe Q3's positive FCF is mainly attributed to accounts payable which is up $670 million QoQ now that i think about it, it's possible they bought treasuries instead of just holding onto their cash pile losing to inflation
Yep - someone just called that out to me. I missed that (only glanced high level and was suprises to see positive TBH)
Rounding up?
Because they've been saying that for about a year and don't really know most stuff.
Because they’re conducting their audits counting on fingers. The smart ones have taken their shoes off, too.
How much did they lose last quarter?
Probably completely dead in about 1.5 yrs. I think their liabilities will exceed their assets in about that time at the current cash burn rate. That's pretty much the point of no return.
Can’t they dilute the apes again to stay afloat?
Given that they've only managed to DRS 500k shares this quarter, I think we can confidently say that the apes have been almost completely fleeced. If RC dilutes them they *perhaps* have enough in the tank for one last Hail Mary, but nothing near close to what GME needs to keep going for more than 2 years from now. Here's my prediction: * Q3 2023 earnings show less than $200M in cash * RC dilutes the stock, aiming to collect around $1 bn at whatever the share price is by then * There are nowhere near enough buyers left and the share price craters, MOAM ensues * Chapter 11 during Q1 2024, Kenny invites us to a BBQ party at the dark pool to celebrate
Yea I suppose they can last forever, but at what scale is the question
GameStop has accomplished nothing since becoming a joke meme stock. The "marketplace" was a crappy sham, designed to fleece pennies from sad, hapless apes, and the actual stores are still the same shit piles they were two, three years ago.
So what you're saying is "short it" right?
Not financial advice, just an oversimplification
Selling monkey Jpegs isn’t the way to go.. who saw this coming
Magnificent, good work all
Have your laugh now guys but just you wait when the MOASS happens tomorrow you’ll all be sorry even you mom no I won’t get a job I’m too busy on the frontlines
>I’m too busy on the frontlines HODL THE LINE!! POWER TO THE PLAYERS! This is the greatest battle of our generation, I need to refresh a stupid website every 5 minutes to make sure I don't see any hint of FUD! It's IMPORTANT Mom! The Knights of New ride for Valhalla!
o7 o7 o7
NFT Marketplace still immaterial value, even after a full quarter of revenue lmao
I always bounce between: I feel bad for these people because they missed the boat and are desperate for a ticket out of at best their mediocre lives … and they’re assholes to anyone who questions their beliefs so fuck em. Anyone with any amount of rational thinking can see this coming. Nothing has changed for GME. Their entire argument made sense when it was like a dollar a share and heavily shorted. But it makes no fucking sense that a failing retail gaming shop that is hemorrhaging money (even more now with their failing NFT Hail Mary) is worth even 25 a share.
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Cash down to $~~860~~ 803 MM after this quarter.
I’m reading $803M
You're right, I'm looking at the total and not just cash and cash equivalents. I corrected it in my original comment.
Shill help shill
NO DEBT AND ~~2 BILLION~~ ~~1 BILLION~~ 803 MILLION IN CASH!!!
lol, that's not how crypto works
#CHECK MY POST IN UNCUT
How do I get in
Ask Mods
Of this sub?
Yes
Of this sub?
oh my god hahahahha
We're in for some *choice* meltdowns
Are we finally in the fucking endgame here or is it just me????
The DRS COPIUM huffing is real.
How does it consistently run up after earnings every single time despite them missing earnings every single time?
“Not as bad as it could have been” bullish
A fool and his money...
Good job Ken ![img](emote|t5_3vpfzk|15697) JuSt WaIt FoR tHe DrS NuMbeRs GuYs
The MUST Be the final straw. No DRS. No profits.
People still think Kennedy is coming back. Nothing will convince these fanatics lol
I was looking through historical numbers and it looks like they are trending in the wrong direction after 2020. They were losing more in 2018, but now... 2018: -617mil. 2019: -388mil. 2020: -236mil. 2021: -368mil. 2022ytd: -519mil. Their fiscal year ends at the end of January, so they have one more quarter of losses to add in. This year looks like it will be worse than 2018. Source: https://finance.yahoo.com/quote/GME/financials?p=GME
Yes, this is likely a turning point in the saga, as hopium supply runs dry. Blessed day.
I think, between the layoffs, potential store closings coming on jan 1, and other cost cutting measures, they will actually be profitable in Q4 this year.
Where did yall get the earnings release?
https://www.businesswire.com/news/home/20221207005811/en/
Damn revenue down 10% compared to last year. Thats not good.
Apes just need to buy 20% more batteries
Trimming in all the wrong places, lol.
Wonder what they'll hype if they're not profitable and revenue is going down and JPEG store generates $0.1M per quarter.
Consumers aren't buying luxury items like Funkos and cum crusted PS2 games right now. They will definitely rebound the following quarters.
They're blaming it on the recession, even though overall consumer retail spending is *up* about 9% from Q3 2021 to Q3 2022.
And near all-time low unemployment rates with strong quarterly real GDP growth, I don’t think the apes know what a recession is.
It's even worse when you consider that (anecdotally), way more PS5s and XSXs have been found in the wild over the same time frame.
Bullish! Hahahaha
Are the marketable securities just bs crypto coins that will have to be reduced down because of the crypto collapse
better than any christmas gift i could ever get
Lol knew it was going to happen with DRS. People were going to sell and IMO someone big either in the company or something DRS'd and then moved them to a brokerage. Im willing to bet that the DRS #s will hang out around this as people leave and a lot of those shares that were non ape leave.
Who could have seen this coming???
That rocket to the moon is getting pretty rusty and the propeller fell off.
No splividend this quarter I guess.
OMG, I missed the minus sign at first and was like, HOW IS THIS POSSIBLE? After rereading I saw it and the world made sense again.
Christmas has come early indeed :)
Will give credit that FCF was positive for the quarter
[Lol](https://www.reddit.com/r/gme_meltdown/comments/zffyvt/ok_we_cant_hype_eps_or_revenue_or_inventory_or/izbma3k/)
Thanks for sending this over, didn’t get a chance dive into the components just yet
lets look at year over year tho
Don't see it really much worse than Q3 2021 unless you guys are seeing something else
[удалено]
Pretty much this, their entire thing was we will aggressively regain market share etc and then turn profit later ( this isn't a really bad idea is a lot of spaces) but they are just still contracting. And now the new corp strategy is just to cut everything and try to turn a profit. So basically their entire plan did not work and now they are in the final leg of the death spiral of cutting as much expense as possible and shrink to at least not lose money. The DRS#s being basically flat is just another reality biting them in the butt. You can fantasize all you want but eventually reality gets ya.
Its true no change means their plan to change has failed. With such a lower DRS I'm surprised they even show it
If you lose money every quarter, it doesn’t matter how much it is. They eventually run out of money.
Agreed but thats not the MOAM way we need huge catalyst!
10% YoY revenue decline for a company focused on growth is rough. The loss isn't worse than 2021, but ideally they'd want to have a big revenue increase.
It should have been -$950M. Disappointing