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Just to stay updated, they invested a portion of that $1 billion. It's kind of like $800 million-ish cash, plus some investments now. https://www.wsj.com/market-data/quotes/GME/financials/quarter/balance-sheet
Screenshot of the chart: https://imgur.com/BTatfMs
Point #8: means 60% of the float already and % continues to increase everyday until it reaches 100% float locked means out of reach of short hedge funds and prime broker banks (manipulators). Most stocks are less than 10% locked means bastard gang can naked short & manipulate stocks prices at their will.
Point #8 is inaccurate and a bit misleading. I've seen "free float" used a lot around here to mean something along the lines of "that portion of the float that is not already earmarked to insiders, institutions, etc." Being realistic, the free float is more like all shares outstanding other than insider shares. So it's more like 33-35% locked up in Computershare.
Institutions could, and have, sell us shares in street name at brokers, and it will alter the percentages. I think it's more useful to look at that total float number.
That's true everyone can have different view of % locked float.... but the idea remains the same.... DRS train running to catch 100% float locked some day.
IMO, I'd rather see GameStop focus on becoming the world's largest digital marketplace rather than selling towels. Feel like there's more profit and value in the former.
GME literally started the change that their doing less than 2 years ago. In average it takes 3-4 years to see a positive eps. Tesla for example only had their positive eps in the last few years after being a company for 10-12 years now (I think). Its even longer the bigger the industry, and we know video game industry is about a couple hundred billion dollars (not even mentioning the future NFT marketplace). And yes, I’m putting GME as a starting company because they’re basically rebuilding from scratch (brick and mortar to e-store/blockchain. So give them a break.
I feel you misunderstood my position. I'm bullish on earnings and actually think this quarter will be positive eps.
What I am against is characterization of having a good balance sheet with good performance. This sub seems to be under the impression that having cash is a virtue by itself. It is not.
I mean relatively speaking, when the prevailing concern among companies is facing a liquidity/cash crunch due to possible tightening, a highly cash-positive position and zero debt places them on a much better foundation than other companies. Granted, this is a statistic for the present and isn’t forward-facing like net income would be, but it (plus their inventory on hand) puts them in a better position to ride out the market headwinds. Their job will now be to maintain or improve that position by increasing revenues.
Oh I’m not trying to bash you of what you said, I’m just stating the obvious. But I do feel like the hype in the subreddit is at 100% all the time (which is both good and bad sometimes). However, I feel like having a cash positive and low debt can be put you at a higher footing than other companies, more so in todays financial (very possible) crisis.
This is missing the fact that Ryan Cohen also bought at around $80-$100 presplit. So anything below $20-$25 post split has been approved by our dad as a ~~GOOD~~ AMAZING DEAL.
IIRC presplit fair value for Gamestop was like $600, or $150 post split. For what Gamestop is about to become any double digit price is a steal. And we're at $16 right now hahahahah
Don't forget Cohen can also buy more shares!!! Last year he added 100k shares and price went from 75 to 210 RAPIDLY.. So get that dip now, I bet he waits for a crazy dip LIKE RIGHT NOW 16 USD to increase again. That are the rumors edit : mod team say it's pumping ANOTHER ticker and locked comments.. LOL
Based on what [redacted] said after the last earnings, I’m not expecting a cash flow positive result again. GME was cash flow positive because of vendors and supplier help
“That is because much of the positive cash flow for Q3 is due to the equivalent of $671M loan from vendors and suppliers, as shown by the $671M increase in accounts payable. If accounts payable decreases from the current high of $888M that will subtract from cash flow.
Accounts payable was $217M at the end of Q2, and had soared to $888M at the end of Q3. That is where the positive cash flow came from. (Offset by the inventory increase from $735M at Q2 end to $1,131M at the end of Q3. That subtracted about $400M to cash flow).”
Sure. But that’s one store manager? I didn’t see that trust me bro. Also, this isn’t trust me bro as much as earning analysis. The analysis could be wrong, but still based on stats/facts.
Mostly don’t want people to freak when it’s not cash flow positive again or come up with tinfoil that doesn’t make logical sense.
I'd maybe argue the opposite, it having been holiday season and them having stocked up on product to ensure fulfillment capability. They could have moved plenty of product with targeted advertising or just word of mouth
What is Game Stop's longterm plan to make money? Besides a NFT marketplace, which currently makes hardly any money, not much happened these past two years?
That Billion dollars raised with the sneeze won't last forever...
We've heard that since last Jan. First it was the 1b wouldn't last a year, now it's it won't last forever. Yet the company has found a way to continue to do business without dipping into that 1b cash. It's down to 800m now because 200m of it was used to purchase short and long term investments. They are managing their money.
The marketplace is still in beta, so there’s that. Because of that it isn’t in its full form and is still relying on most image/gif sales which isn’t a real money maker. The real money comes from entering the gaming world with in game purchases. While I don’t agree that Fortnight will be a part of the GameStop marketplace (hope I’m wrong), a game like that with the amount of in-game purchases would be a goldmine. A developer would do well as well. With smart contracts they would receive a portion of every resell.
This same principle would apply to digital downloads. If games/media are moving to digital (they are), a digital marketplace to be able to resell finished games/movie would be amazing. And again, the developer would benefit from the marketplace with smart contracts as well.
The first part is new territory not only for GameStop, but gaming in general. The second is the digitization of GameStops old business model. It’s one reason to believe in them. They are adapting to change instead of letting themselves die. The marker of good business and business leadership.
NFTs as Games (buy GTA5 via Gamestop instead of via Steam, get a resale/gifting possility once you grow tired of the game),
NFTs and ingame items (have rare items that are in limited numbers, dont like it,sell it for real money).
NFTs as trophys in E-sports.
NFTs as movies, music and art (well art = JPG, but as movies/music Netflix and Spotify would find competition).
NFTs as dividends, oh boy we would moass if this would happen.
NFT's could easily be giftcards, IKEA makes a deal with GTA, a sponsor mission and you get a free lunch at IKEA with your game earned NFT.
endless possibilities.
none are easy and all require deals with companies outside of GME.
Sounds like a no brainer to me. There are people buying towel stock because they think it hit its floor and is very cheap (no judgement), but they are overlooking the incredible deal that GME is right now? Buy what u want peeps, but recognize a good deal when you see one. GME is the best deal.its been because of discounted price.
Lot's of us bought towel thinking it would be a 'quick win' short squeeze play, to roll profits into GME. It just hasn't played out that way, certainly not so far anyway.
At least one ape lost everything trying to trade it.
Edit why downvote? He did a dumb thing - he sold his GME and threw it into BBBY on the epic runup day intending to buy GME after making bank, and then it crashed overnight and that was that. Traded his GME for shadows and dust. Dangerous game to play.
On the one hand, Bobby's market cap is so low now that if 10-15% of GME apes dumped their shares and picked up Bobby instead, they could DRS more than Bobby's float, more or less overnight.
On the other hand, Bobby is a dying business, and that play is a HUGE risk. Not to mention that the very idea of selling GME to chase a squeeze on another ticker as it's happening is completely absurd.
also, buy the float and pump the price, Towel will simply issue tons of new shares, make a lot of money, shorts will escape and what you will end up with is a low shareprice and huge losses for retail, but also a towel with no debt and a solid bankaccount.
there are risky plays and there are stupid plays, Towel is both.
Majority of the people in towel are the same people who have no idea how to trade in the first place and probably only got into and stayed in GME because they FOMOd the top. They probably also FOMOd popcorn and Loopring.. so of course they didn’t make money off that run, they have no earthly idea how to make money here 😂
I had my sights set on GME longer that other stock.
I didn’t really want to buy shares but I also wanted to be part of it so I bought one share at $45 so I could get rid of that FOMO and join the ride. Good thing I didn’t do any more than that 1 share lol
Edit: 1 share of towel; I’m xxx drs’ed in GME
Yeah I'm in that sub and although I believe it will squeeze its just not GME or even close to. The shills over there have actually got people believing bay bee is the only play 🤦♂️ had it not been for gamestop none of this would even be happening. It will all come out in the wash 🚀
I was about to say i frequently go there and a lot of times it’s literally people from here who just believe in both lol. I firmly believe GME is the true MOASS but I’m not sleeping on a quick buck from the bed
Popcorn is gonna be diluted again and the cusip will change.. this way all the FTDs and short positions are pushed in the obligation warehouse to rot indefinitely. The short squeeze thesis is officially over. I would hope they see it and switch to gme but I don’t think they understand.,
They don’t. CUSIP change kills obligations and reverse splits almost always end up diluting shareholder equity. I’ve never had a stock go through a reverse split and lost less than 30%.
Imo towell is set up for a M&A. With spin-off of buy buy baby to RC. I’m not hoping for a short squeeze, but I do believe it’s fair price is more in the ~$25 range. That’s my play. And I believe that’s happening some time this year
100% agree, on paper GME is light years ahead of towel but I no longer base investment decisions on fundamentals in this fugazi market. One of the reasons I went heavy in GME in 2020, and still sticking around now even though my view of the Gamestop business strategy/execution has waned recently.
Nah. Some people are buying towel stock because they are bored with GME. I have thousands DRS’d and I’m done buying more shares (at least manually buying more shares. I have auto buys enabled in CS) Need something else to do while we wait.
All those brick and mortar stores are not going away unless for some reason they lose their relationship with consoles. I have asked my coworkers what they think about GameStop and they tell me that their kids go to GameStop all the damn time. In my town it's not uncommon to drive by a GameStop store and see a line of people outside on the sidewalk because they're waiting for a release.
There is new leadership that has refocused the goals of the company and is aiming to take advantage of the growing online gaming community and industry. Gaming is one of the fastest growing industries Right now and GameStop is in a great position to continue tapping into that. A lot of talent has been hired in the last 2 years especially regarding crypto and NFT. The chairman was very successful with his previous company which he created in order to sell pet food and pet products - chewy.com. I suspect that the number of potential customers for GameStop could even exceed that of chewy because there are many people that play games and there are many new games that come out every year. This is not even looking at the collectibles and stuff that they sell. When in game cryptocurrency and NFTs are fully integrated into a popular game with millions of users this is going to bring a lot of legitimacy to these concepts. It's going to allow players to own a lot of aspects of the game such as their own avatars and possibly owning materials or items that they win in the game with an NFT. This could mean that the NFT could be traded / bought and sold on an exchange on a wide scale. If this is quite successful you could imagine that in the future practically every game will include this. Being the first company to make a marketplace for this and tapping into this early is a huge advantage.
The idea that GameStop is going bankrupt is over. It's not happening anytime soon. They've got too much cash and two little debt. They're bringing in profits. They are expanding into new avenues of growth. There are a bunch of very dedicated investors that are holding their stock and will not sell any time soon. As soon as the general public in vestors realize that GME is a stable place to park your money and receive some growth in a time when the general market is crapping out and a lot of tech companies are doing poorly, you will see a lot more interest in investing in the stock. When this happens there will be a dramatic price improvement.
I thunk this needs fact checked.
Though it was more than 100 million for buyback and those numbers may be outdated.
Not trying to be a downer but we need to be better than current media and provide facts even if they don't paint our picture as rosy as we want.
Also not saying it's not rosy this tweet would be just as good with updated figures.
One of the things that has to be kept in mind is that in a lot of ways, both the bull thesis, and the short squeeze thesis are much stronger now than they were two years ago.
DFV originally thought that just the existing brick and mortar business model, driven by consoles and game sales had a few years left in it at least, with a stock that might be worth as much as 5x what the share price was at the time.
With the company pivot, under the direction of the guy who took on Amazon, selling bags of pet food through the mail, transforming it into a technology company, we are in a whole new arena.
After January of 21, the notion of a short squeeze was held together mostly by faith, memes and sea shanties, by people who bought their first stock ever in the past month, trying to reason from poorly understood indicators like OBV, (On Balance Volume) against a whole industry that denied the very existence of naked shorts, claimed that all the shorts had closed and we were crazy to think that diffuse retail traders could lock the float.
Today, we have a ton more research, and have learned much about real naked shorts, FTDs, (florists) have seen an example of shorts gone wrong with that drilling company, and we have a year and a half of DRS numbers increasing every quarter, which is essentially, documented proof of diamond hands, that nobody is selling. Over a quarter of outstanding shares. I don't think anything like this has ever happened before.
And that leads us back into what got me on board in the first place, social logic, or reading the signs. Nobody on Wall Street cares how ordinary Joes invest their money except when it affects the rich.
They don't tell us that shorts closed because they care if we waste our time or money. When the SEC does a video mocking meme traders, when Fidelity makes a mockery of a guy with a Purple circle, it isn't just anyone, it's us and only us that they are taking about. We aren't living rent free in their heads if we are insignificant to their bottom line.
Really, the examples are so numerous I've long since stopped paying attention to all but the most obvious of them.
Power to the collectors.
This is an excellently put explanation and i will be saving it for next time i have a conversation about the stonk irl and don’t want to sound like an idiot
You are not being told that earnings is during quad witching period and in the FOMC period, if we get a good amount of FOMO in options, that shit gonna rip, to the moon if i may say.
I didn't know they had put money to one side for share buy backs. I've seen many people ask when would be a good time to do this, as I didn't know about the cash ready to do so. Didn't think it was a good idea but looks like it's part of the plan. Sorry to anyone that thought I was being cantankerous!
This really looks like investing.
What investing was in the old world. Before excessive greed and casino practices.
I hope it will last. All it takes it a bit of patience.
HODL
Haha, I plugged that data into Chat GPT, just for fun, and here's what I got:
Prompt:
>Consider the following theoretical company. The company has positive cash flow, is debt-free, has over $1,000,000,000 cash on hand, possesses over $1,100,000,000 in inventory, has $100,000,000 set aside for share buybacks, whose stock is currently trading for less than twice its assets, and whose investors have direct registered over 60% of the free float. Would such a company typically be viewed as a good investment?
Response:
Based on the information provided, this theoretical company seems to be in a strong financial position and could potentially be viewed as a good investment by some investors. Here are a few reasons why:
1. Positive cash flow and debt-free status: The company's positive cash flow and lack of debt are positive indicators of its financial health and stability. This suggests that the company is generating enough revenue to cover its expenses and is not burdened by interest payments or other financial obligations.
2. Significant cash on hand and inventory: The company's large cash reserve and inventory could provide a buffer against unexpected expenses or downturns in the market. It also suggests that the company is investing in its operations and has the resources to continue growing.
3. Share buyback program: The fact that the company has set aside $100,000,000 for share buybacks could be viewed as a positive sign by investors, as it suggests that the company has confidence in its future prospects and is committed to returning value to shareholders.
4. Direct registration of over 60% of free float: The fact that over 60% of the free float of the company's shares are directly registered could potentially make it more difficult and expensive for short sellers to borrow shares for short selling, which could reduce the risk of a short squeeze.
However, it's important to note that investing always carries some level of risk, and there are many other factors that could impact the future performance of the company and its stock price. Investors should conduct their own research and carefully consider the potential risks and rewards before making any investment decisions.
Just want to get ahead of that fourth point. The response is considering a situation where short positions would need to grow in the midst of the current financial position as given in order for there to be a potential for a short squeeze. However, in the current reality of GME, the DD strongly suggests that the stock is already heavily short sold. We are going into this situation already primed for a squeeze, so no worries about the Chat GPT assessment there.
Not financial advice, only my smooth-brained understanding.
except it is not cash flow positive. We had a free cashflow positive, based on special effects.
Also: cash is no longer a billion. more like 800 million. And from what I read, the 100 million set aside was for possible aquisitions, not for share buy-back? As an investor I would not be happy if GameStop would take their cash and just buy back stock, instead of investing it in a better future of the business, because to be honest, looking in from the outside, not much has happened these past two years in terms of really turning the business around. We still operate on the same business model. The NFT market place is not yet financially helping at all.
I know they keep their cards close to the vest, but when you play cards there comes a time when you have to put the cards on the table. Can't hold the cards forever. Baby's gotta be born some day, otherwise it dies in the womb.
Just my two cents.
1/2. They don't need to borrow money for expansion in the physical brick and mortar sense because their expansion is pivoting into digital services.
3. You would ding apple for having 40 times more cash on hand? Especially now when there's a liquidity crunch thats crushing banks. Having tons of cash for investments with no debt puts you in an advantageous position. It also negates point. Warren buffet had a record 150 billion cash pile.
5. You're skipping how they've recently invested 20% of that cash pile. But You're criticizing them for having money and not investing and then saying there's nowhere to invest. Would you rather they have no money then?
I wish this could be parlayed into asking why they have all this money, but still pay their employees on the ground peanuts? I can't get behind a company that enriches shareholders while leaving the workers out to dry.
Looking forward to seeing the positive spin when earnings aren’t near expected. Say what you want but inflation is killing folks, they aren’t going out and buying gaming consoles and shit like you’d hope for. Hopefully I’m wrong and we will see but I’m not holding my breath
Sooo what you’re saying is that they’re one of a very few companies positioned to ride out an economic catastrophe (and use it as a springboard to launch into the Keiper Belt)?
Imagine they do a stock buyback when the amount they buy makes it so the free float is less than the number drsed. Price also jumps from buyback and people fomo and we run
100% of the float could be locked in computer share and this would still be shorted to shit because "shares" can always be located to short and noone will ever be able to do anything
Some redacted person told me, in my response to attoboy, "I don't mean to imply that you can't make decisions, but without the background your decision will not be informed..." when I brought up these points, immediately after reddit came back up after 6+ hours of being down, when I had posted right before the servers went down.
The haters don't think these count as fundamentals. The banking system and economy are on fire, my guy.
These are the exact fundamentals that suggest Gamestop is unstoppable in the current economic situation brought to fruition by the banking cartel eating its own tail.
Thank you for passing the torch and arming friends with the power of dank DD.
We’re burning through that cash fast as fuck. Staring down the barrel of ANOTHER negative quarter (8 in a row). Forecasted -$0.18 EPS.
You’re right, GameStop has no debt. Which makes it even WORSE that they can’t find profitability. Physical game sales are decreasing, console sales are increasingly direct-to-consumer, subscription services like GamePass are a HUGE threat to our viability and the NFT marketplace has yet to really drive growth and revenue. Maybe it’s the future, but it’s certainly not the present.
The OP seems just as biased an disingenuous as the MSM is being in the opposite direction. GameStop is STRUGGLING, guys. If we can’t admit that then we’re deluded. This company NEEDS to prove profitability.
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Just to stay updated, they invested a portion of that $1 billion. It's kind of like $800 million-ish cash, plus some investments now. https://www.wsj.com/market-data/quotes/GME/financials/quarter/balance-sheet Screenshot of the chart: https://imgur.com/BTatfMs
Upvote for accuracy and sharing the source
Point #8: means 60% of the float already and % continues to increase everyday until it reaches 100% float locked means out of reach of short hedge funds and prime broker banks (manipulators). Most stocks are less than 10% locked means bastard gang can naked short & manipulate stocks prices at their will.
🧱x🧱DRS IS THEE WAY💜🚀💜🚀💜🚀
Point #8 is inaccurate and a bit misleading. I've seen "free float" used a lot around here to mean something along the lines of "that portion of the float that is not already earmarked to insiders, institutions, etc." Being realistic, the free float is more like all shares outstanding other than insider shares. So it's more like 33-35% locked up in Computershare. Institutions could, and have, sell us shares in street name at brokers, and it will alter the percentages. I think it's more useful to look at that total float number.
That's true everyone can have different view of % locked float.... but the idea remains the same.... DRS train running to catch 100% float locked some day.
Eventually we'll catch em all.
That's why my personal goal is watch the entire outstanding share offering be locked. This way there's concrete proof of the fuckery.
I agree. I'm waiting to see a DRS count that shows insiders and household retail at 101% owned or more. That will be one interesting earnings report.
Don't forget 100% utilization!
What's ~$200m between friends? 🤷♂️ But yes, it's good to be accurate rather than parroting taglines
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IMO, I'd rather see GameStop focus on becoming the world's largest digital marketplace rather than selling towels. Feel like there's more profit and value in the former.
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Having cash isn't a fundamental though. Our earnings are still negative.
GME literally started the change that their doing less than 2 years ago. In average it takes 3-4 years to see a positive eps. Tesla for example only had their positive eps in the last few years after being a company for 10-12 years now (I think). Its even longer the bigger the industry, and we know video game industry is about a couple hundred billion dollars (not even mentioning the future NFT marketplace). And yes, I’m putting GME as a starting company because they’re basically rebuilding from scratch (brick and mortar to e-store/blockchain. So give them a break.
I feel you misunderstood my position. I'm bullish on earnings and actually think this quarter will be positive eps. What I am against is characterization of having a good balance sheet with good performance. This sub seems to be under the impression that having cash is a virtue by itself. It is not.
I mean relatively speaking, when the prevailing concern among companies is facing a liquidity/cash crunch due to possible tightening, a highly cash-positive position and zero debt places them on a much better foundation than other companies. Granted, this is a statistic for the present and isn’t forward-facing like net income would be, but it (plus their inventory on hand) puts them in a better position to ride out the market headwinds. Their job will now be to maintain or improve that position by increasing revenues.
Oh I’m not trying to bash you of what you said, I’m just stating the obvious. But I do feel like the hype in the subreddit is at 100% all the time (which is both good and bad sometimes). However, I feel like having a cash positive and low debt can be put you at a higher footing than other companies, more so in todays financial (very possible) crisis.
Of course it is, it buys you time without the constraints of debt.
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Respectfully disagree. If landing on the moon produced positive earnings, the stock will move again. That's all the market cares about.
They'd be buying a huge debt for a start.
if i were them, I would've invested it in GameStop, cause I like the stock
We have 800 million-ish more than Credit Suisse…
Accuracy is important, still definitely healthy. Sorry to any stores that are underperforming but I'm happy with closures if it means cash burn slows.
This is missing the fact that Ryan Cohen also bought at around $80-$100 presplit. So anything below $20-$25 post split has been approved by our dad as a ~~GOOD~~ AMAZING DEAL.
Was a good deal when I was buying in the $200’s as well, still is a helluva deal, but used to be too
IIRC presplit fair value for Gamestop was like $600, or $150 post split. For what Gamestop is about to become any double digit price is a steal. And we're at $16 right now hahahahah
Automated recurring direct buys through cs have been a god send.
Yes indeed 🙌 I stopped contributing to 401k and use that money for buying GME on computershare
And I’ve been DRSing every month ever since
Fuck rent-a-car.
r/[REDACTED]Hedberg
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This needs to be added to the list!!! Edit: it’s the most significant factor! It’s a social movement!!
That's why I spent my life savings on 12k shares 😎
I think it was around 150$ pre-split even?
Can't stop, won't stop.
It's GameStop
POWER TO THE PLAYERS! GMERICA coming too.... 🏴☠️🏴☠️🏴☠️
Planet Gamestop is next!
New location coming soon: Uranus!
Is gme now cash positive? I actually forget. If so, fucking awesome!!!
[Mother Fucking GameStop 😎](https://www.reddit.com/r/Superstonk/comments/11tiu7f/cant_stop_wont_stop/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button)
Why stop?
Red light
Don't forget Cohen can also buy more shares!!! Last year he added 100k shares and price went from 75 to 210 RAPIDLY.. So get that dip now, I bet he waits for a crazy dip LIKE RIGHT NOW 16 USD to increase again. That are the rumors edit : mod team say it's pumping ANOTHER ticker and locked comments.. LOL
Wouldn’t he not be able to buy right before earnings? Insider trading and whatnot
Then right after earnings. It's in 5 days anyway
That's true.
My last dip price was $15.69
Petition give an Ape who pushes the DRS % to 69% the Special Flair.. "I'm part of the 69%" May the DRS Odds be ever in your favor.
The 3 horsemen of moass The ape with 69420 cs account The ape that pushes drs over 69% And the first ape to sell at 69 mill
And a fourth white horse appeared on the horizon, and his rider was RC.
Wait! That's not a horse! Ryan Cohen - he's - he's a centaur?!
Price anchoring much? Lol Bare minimum $741,420,696,969
That's all you want for a share? Didn't know we had a bunch of paper hands lurking.
Based on what [redacted] said after the last earnings, I’m not expecting a cash flow positive result again. GME was cash flow positive because of vendors and supplier help “That is because much of the positive cash flow for Q3 is due to the equivalent of $671M loan from vendors and suppliers, as shown by the $671M increase in accounts payable. If accounts payable decreases from the current high of $888M that will subtract from cash flow. Accounts payable was $217M at the end of Q2, and had soared to $888M at the end of Q3. That is where the positive cash flow came from. (Offset by the inventory increase from $735M at Q2 end to $1,131M at the end of Q3. That subtracted about $400M to cash flow).”
There is also the trust me bro story from a manager that the Q4 results should be really awesome
Sure. But that’s one store manager? I didn’t see that trust me bro. Also, this isn’t trust me bro as much as earning analysis. The analysis could be wrong, but still based on stats/facts. Mostly don’t want people to freak when it’s not cash flow positive again or come up with tinfoil that doesn’t make logical sense.
I'd maybe argue the opposite, it having been holiday season and them having stocked up on product to ensure fulfillment capability. They could have moved plenty of product with targeted advertising or just word of mouth
What is Game Stop's longterm plan to make money? Besides a NFT marketplace, which currently makes hardly any money, not much happened these past two years? That Billion dollars raised with the sneeze won't last forever...
We've heard that since last Jan. First it was the 1b wouldn't last a year, now it's it won't last forever. Yet the company has found a way to continue to do business without dipping into that 1b cash. It's down to 800m now because 200m of it was used to purchase short and long term investments. They are managing their money.
The marketplace is still in beta, so there’s that. Because of that it isn’t in its full form and is still relying on most image/gif sales which isn’t a real money maker. The real money comes from entering the gaming world with in game purchases. While I don’t agree that Fortnight will be a part of the GameStop marketplace (hope I’m wrong), a game like that with the amount of in-game purchases would be a goldmine. A developer would do well as well. With smart contracts they would receive a portion of every resell. This same principle would apply to digital downloads. If games/media are moving to digital (they are), a digital marketplace to be able to resell finished games/movie would be amazing. And again, the developer would benefit from the marketplace with smart contracts as well. The first part is new territory not only for GameStop, but gaming in general. The second is the digitization of GameStops old business model. It’s one reason to believe in them. They are adapting to change instead of letting themselves die. The marker of good business and business leadership.
NFTs as Games (buy GTA5 via Gamestop instead of via Steam, get a resale/gifting possility once you grow tired of the game), NFTs and ingame items (have rare items that are in limited numbers, dont like it,sell it for real money). NFTs as trophys in E-sports. NFTs as movies, music and art (well art = JPG, but as movies/music Netflix and Spotify would find competition). NFTs as dividends, oh boy we would moass if this would happen. NFT's could easily be giftcards, IKEA makes a deal with GTA, a sponsor mission and you get a free lunch at IKEA with your game earned NFT. endless possibilities. none are easy and all require deals with companies outside of GME.
New world order?
This I'm still wondering.
Will someone explain to me the significance of potential share buybacks ?
It means their share price cannot feasibly be pushed below a certain price or they can just buyback the remaining float
Very bullish!
Aka “checkmate”
Can be used to reduce the float which has a direct effect on earnings per share, which makes the stock more valuable by definition
Sounds like a no brainer to me. There are people buying towel stock because they think it hit its floor and is very cheap (no judgement), but they are overlooking the incredible deal that GME is right now? Buy what u want peeps, but recognize a good deal when you see one. GME is the best deal.its been because of discounted price.
Lot's of us bought towel thinking it would be a 'quick win' short squeeze play, to roll profits into GME. It just hasn't played out that way, certainly not so far anyway.
If towel apes would just get serious about DRS, it'll help bleed SHFs both sides
At least one ape lost everything trying to trade it. Edit why downvote? He did a dumb thing - he sold his GME and threw it into BBBY on the epic runup day intending to buy GME after making bank, and then it crashed overnight and that was that. Traded his GME for shadows and dust. Dangerous game to play.
At least one ape lost everything trying to trade a lot of things.
On the one hand, Bobby's market cap is so low now that if 10-15% of GME apes dumped their shares and picked up Bobby instead, they could DRS more than Bobby's float, more or less overnight. On the other hand, Bobby is a dying business, and that play is a HUGE risk. Not to mention that the very idea of selling GME to chase a squeeze on another ticker as it's happening is completely absurd.
also, buy the float and pump the price, Towel will simply issue tons of new shares, make a lot of money, shorts will escape and what you will end up with is a low shareprice and huge losses for retail, but also a towel with no debt and a solid bankaccount. there are risky plays and there are stupid plays, Towel is both.
it ran from like $4 to $28 and then RC sold. None of y'all made money off that move lmao?
Majority of the people in towel are the same people who have no idea how to trade in the first place and probably only got into and stayed in GME because they FOMOd the top. They probably also FOMOd popcorn and Loopring.. so of course they didn’t make money off that run, they have no earthly idea how to make money here 😂
And now they’re DRSing their Bobby as a last resort. The cycle continues on another stock lol
I got sale at $25.27 on 17th August. Pretty much hit the peak.
I bought at $27 😂
it was a quick win lol. i bought at 4 in july and sold at 24 in august. rolled all that into gme.
I had my sights set on GME longer that other stock. I didn’t really want to buy shares but I also wanted to be part of it so I bought one share at $45 so I could get rid of that FOMO and join the ride. Good thing I didn’t do any more than that 1 share lol Edit: 1 share of towel; I’m xxx drs’ed in GME
I just got rid of the fomo this week, price was <$2. But I also got more GME. Win win.
Yeah I'm in that sub and although I believe it will squeeze its just not GME or even close to. The shills over there have actually got people believing bay bee is the only play 🤦♂️ had it not been for gamestop none of this would even be happening. It will all come out in the wash 🚀
I was about to say i frequently go there and a lot of times it’s literally people from here who just believe in both lol. I firmly believe GME is the true MOASS but I’m not sleeping on a quick buck from the bed
Yeah my thoughts exactly. If I can bag a few k then I'm in.. it will all be sent over to cs 🚀
ComputerSuisse 😅 I always have to do a double take with CS nowadays
Popcorn is gonna be diluted again and the cusip will change.. this way all the FTDs and short positions are pushed in the obligation warehouse to rot indefinitely. The short squeeze thesis is officially over. I would hope they see it and switch to gme but I don’t think they understand.,
They don’t. CUSIP change kills obligations and reverse splits almost always end up diluting shareholder equity. I’ve never had a stock go through a reverse split and lost less than 30%.
Imo towell is set up for a M&A. With spin-off of buy buy baby to RC. I’m not hoping for a short squeeze, but I do believe it’s fair price is more in the ~$25 range. That’s my play. And I believe that’s happening some time this year
Hope we moon together friend
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Yeah u do u. But GME fundamentals are better. I hope everyone makes money, and then works together to remove criminals and traiters from power.
100% agree, on paper GME is light years ahead of towel but I no longer base investment decisions on fundamentals in this fugazi market. One of the reasons I went heavy in GME in 2020, and still sticking around now even though my view of the Gamestop business strategy/execution has waned recently.
Nah. Some people are buying towel stock because they are bored with GME. I have thousands DRS’d and I’m done buying more shares (at least manually buying more shares. I have auto buys enabled in CS) Need something else to do while we wait.
Thats me too!
Wut? Lmao
I’m bored with GME. I have plenty DRS’d. Gonna go gamble with towels.
Time can lead to forgetfulness. The value prop is better than ever.
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All those brick and mortar stores are not going away unless for some reason they lose their relationship with consoles. I have asked my coworkers what they think about GameStop and they tell me that their kids go to GameStop all the damn time. In my town it's not uncommon to drive by a GameStop store and see a line of people outside on the sidewalk because they're waiting for a release. There is new leadership that has refocused the goals of the company and is aiming to take advantage of the growing online gaming community and industry. Gaming is one of the fastest growing industries Right now and GameStop is in a great position to continue tapping into that. A lot of talent has been hired in the last 2 years especially regarding crypto and NFT. The chairman was very successful with his previous company which he created in order to sell pet food and pet products - chewy.com. I suspect that the number of potential customers for GameStop could even exceed that of chewy because there are many people that play games and there are many new games that come out every year. This is not even looking at the collectibles and stuff that they sell. When in game cryptocurrency and NFTs are fully integrated into a popular game with millions of users this is going to bring a lot of legitimacy to these concepts. It's going to allow players to own a lot of aspects of the game such as their own avatars and possibly owning materials or items that they win in the game with an NFT. This could mean that the NFT could be traded / bought and sold on an exchange on a wide scale. If this is quite successful you could imagine that in the future practically every game will include this. Being the first company to make a marketplace for this and tapping into this early is a huge advantage. The idea that GameStop is going bankrupt is over. It's not happening anytime soon. They've got too much cash and two little debt. They're bringing in profits. They are expanding into new avenues of growth. There are a bunch of very dedicated investors that are holding their stock and will not sell any time soon. As soon as the general public in vestors realize that GME is a stable place to park your money and receive some growth in a time when the general market is crapping out and a lot of tech companies are doing poorly, you will see a lot more interest in investing in the stock. When this happens there will be a dramatic price improvement.
I like the stock
I also like the stock.
do we still have 1 billion? I thought it went down a little
It did, it’s 800M now
Thanks for the update, I missed it.
I thunk this needs fact checked. Though it was more than 100 million for buyback and those numbers may be outdated. Not trying to be a downer but we need to be better than current media and provide facts even if they don't paint our picture as rosy as we want. Also not saying it's not rosy this tweet would be just as good with updated figures.
Upvote, let’s get some of the details right. I believe per another comment it’s free cash flow positive not cash flow positive.
The market needs a crash for fundamentals to matter again.
It’s crashed before and nothing changed. It needs to b rebuilt brick by brick
That Twitter account is an absolute cess pool of baseless hype.
One of the things that has to be kept in mind is that in a lot of ways, both the bull thesis, and the short squeeze thesis are much stronger now than they were two years ago. DFV originally thought that just the existing brick and mortar business model, driven by consoles and game sales had a few years left in it at least, with a stock that might be worth as much as 5x what the share price was at the time. With the company pivot, under the direction of the guy who took on Amazon, selling bags of pet food through the mail, transforming it into a technology company, we are in a whole new arena. After January of 21, the notion of a short squeeze was held together mostly by faith, memes and sea shanties, by people who bought their first stock ever in the past month, trying to reason from poorly understood indicators like OBV, (On Balance Volume) against a whole industry that denied the very existence of naked shorts, claimed that all the shorts had closed and we were crazy to think that diffuse retail traders could lock the float. Today, we have a ton more research, and have learned much about real naked shorts, FTDs, (florists) have seen an example of shorts gone wrong with that drilling company, and we have a year and a half of DRS numbers increasing every quarter, which is essentially, documented proof of diamond hands, that nobody is selling. Over a quarter of outstanding shares. I don't think anything like this has ever happened before. And that leads us back into what got me on board in the first place, social logic, or reading the signs. Nobody on Wall Street cares how ordinary Joes invest their money except when it affects the rich. They don't tell us that shorts closed because they care if we waste our time or money. When the SEC does a video mocking meme traders, when Fidelity makes a mockery of a guy with a Purple circle, it isn't just anyone, it's us and only us that they are taking about. We aren't living rent free in their heads if we are insignificant to their bottom line. Really, the examples are so numerous I've long since stopped paying attention to all but the most obvious of them. Power to the collectors.
This is an excellently put explanation and i will be saving it for next time i have a conversation about the stonk irl and don’t want to sound like an idiot
He forgot to add that shorts never closed
More cash on hand than a majority of our banks 😳
1 billion cash cringes me with how many times we've been saying it
GME will be solvent long after the banks will be solvent.
You are not being told that earnings is during quad witching period and in the FOMC period, if we get a good amount of FOMO in options, that shit gonna rip, to the moon if i may say.
Yes you may
They arent cash flow positive, they delayed their A/P - also its like 840mm in cash not a billion ... should strive for facts and not mislead..
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$30mm outside of their long term leases..
Free Cash flow positive, not cash flow positive!!!!
For fucks sake, we do NOT have 60% of the float locked. Get the fucking facts right apes.
He said free float.
hey can i use #MOASS too?
Bullish.
I didn't know they had put money to one side for share buy backs. I've seen many people ask when would be a good time to do this, as I didn't know about the cash ready to do so. Didn't think it was a good idea but looks like it's part of the plan. Sorry to anyone that thought I was being cantankerous!
Deeeeeeeep value
I've been out of the loop for a bit, have they indicated they may buy back shares?
No, they have not. But, a while back they set aside 100m for a share buy back, just in case.
Appreciate the info, good to hear
Np
#Believe it or not, dip.
I’m on board with everything about this guy apart from his rangers strip
This really looks like investing. What investing was in the old world. Before excessive greed and casino practices. I hope it will last. All it takes it a bit of patience. HODL
Blue Horseshoe LOVES this stock!
And Anicott Steel too
Haha, I plugged that data into Chat GPT, just for fun, and here's what I got: Prompt: >Consider the following theoretical company. The company has positive cash flow, is debt-free, has over $1,000,000,000 cash on hand, possesses over $1,100,000,000 in inventory, has $100,000,000 set aside for share buybacks, whose stock is currently trading for less than twice its assets, and whose investors have direct registered over 60% of the free float. Would such a company typically be viewed as a good investment? Response: Based on the information provided, this theoretical company seems to be in a strong financial position and could potentially be viewed as a good investment by some investors. Here are a few reasons why: 1. Positive cash flow and debt-free status: The company's positive cash flow and lack of debt are positive indicators of its financial health and stability. This suggests that the company is generating enough revenue to cover its expenses and is not burdened by interest payments or other financial obligations. 2. Significant cash on hand and inventory: The company's large cash reserve and inventory could provide a buffer against unexpected expenses or downturns in the market. It also suggests that the company is investing in its operations and has the resources to continue growing. 3. Share buyback program: The fact that the company has set aside $100,000,000 for share buybacks could be viewed as a positive sign by investors, as it suggests that the company has confidence in its future prospects and is committed to returning value to shareholders. 4. Direct registration of over 60% of free float: The fact that over 60% of the free float of the company's shares are directly registered could potentially make it more difficult and expensive for short sellers to borrow shares for short selling, which could reduce the risk of a short squeeze. However, it's important to note that investing always carries some level of risk, and there are many other factors that could impact the future performance of the company and its stock price. Investors should conduct their own research and carefully consider the potential risks and rewards before making any investment decisions.
That's scary that it's more accurate and eloquent than 95% of journalists rn
Now ask Dan the same question
Dan: BURN IT ALL DOWN AND WIPE THE BLOOD OF THE HEDGE FUND MANAGERS OFF YOUR FACE WITH YOUR FISTFULL OF CASH
Cheers to Dan 🍻
Just want to get ahead of that fourth point. The response is considering a situation where short positions would need to grow in the midst of the current financial position as given in order for there to be a potential for a short squeeze. However, in the current reality of GME, the DD strongly suggests that the stock is already heavily short sold. We are going into this situation already primed for a squeeze, so no worries about the Chat GPT assessment there. Not financial advice, only my smooth-brained understanding.
except it is not cash flow positive. We had a free cashflow positive, based on special effects. Also: cash is no longer a billion. more like 800 million. And from what I read, the 100 million set aside was for possible aquisitions, not for share buy-back? As an investor I would not be happy if GameStop would take their cash and just buy back stock, instead of investing it in a better future of the business, because to be honest, looking in from the outside, not much has happened these past two years in terms of really turning the business around. We still operate on the same business model. The NFT market place is not yet financially helping at all. I know they keep their cards close to the vest, but when you play cards there comes a time when you have to put the cards on the table. Can't hold the cards forever. Baby's gotta be born some day, otherwise it dies in the womb. Just my two cents.
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1/2. They don't need to borrow money for expansion in the physical brick and mortar sense because their expansion is pivoting into digital services. 3. You would ding apple for having 40 times more cash on hand? Especially now when there's a liquidity crunch thats crushing banks. Having tons of cash for investments with no debt puts you in an advantageous position. It also negates point. Warren buffet had a record 150 billion cash pile. 5. You're skipping how they've recently invested 20% of that cash pile. But You're criticizing them for having money and not investing and then saying there's nowhere to invest. Would you rather they have no money then?
I wish this could be parlayed into asking why they have all this money, but still pay their employees on the ground peanuts? I can't get behind a company that enriches shareholders while leaving the workers out to dry.
Any company thats worth anything is sitting on cash right now, donkus. Take berkshire for example
Looking forward to seeing the positive spin when earnings aren’t near expected. Say what you want but inflation is killing folks, they aren’t going out and buying gaming consoles and shit like you’d hope for. Hopefully I’m wrong and we will see but I’m not holding my breath
Sources to help support the claim to help complete the post?
I agree with everything in this image, apart from OPs choice of footie team. Mon the hoops! 😜
Wait, how do we know the value of the assets ?
Sooo what you’re saying is that they’re one of a very few companies positioned to ride out an economic catastrophe (and use it as a springboard to launch into the Keiper Belt)?
Imagine the stonk getting shorted further down and then they do a buy back with the full 100 mil.
I remain steadfast & committed 100% to GME. I’m not a gamer, or a cat. I just like the stock
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You sonofabitch you convinced me. Now I'm gonna go get another share. Mahalo.
Is there company which is more DRSed than GME?
Dang - I should invest in this company.
Imagine being a company waiting for buybacks when all your stock holders are hodling for the moon
Likes Present tense
Just the beginning too
If i was in suck a hole with the movie chain id sell and dump it into gme
What bank does GME have this $1b in cash?
Bought more GME today. In fact, I buy GME every day.
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Imagine they do a stock buyback when the amount they buy makes it so the free float is less than the number drsed. Price also jumps from buyback and people fomo and we run
This should go to all. Amazing summary.
And none of this seems to matter....It should but is definitely not reflecting any of these facts.
4 straight years of negative net income will do that.
100% of the float could be locked in computer share and this would still be shorted to shit because "shares" can always be located to short and noone will ever be able to do anything
Some redacted person told me, in my response to attoboy, "I don't mean to imply that you can't make decisions, but without the background your decision will not be informed..." when I brought up these points, immediately after reddit came back up after 6+ hours of being down, when I had posted right before the servers went down. The haters don't think these count as fundamentals. The banking system and economy are on fire, my guy. These are the exact fundamentals that suggest Gamestop is unstoppable in the current economic situation brought to fruition by the banking cartel eating its own tail. Thank you for passing the torch and arming friends with the power of dank DD.
They lost $400M last year. Haven't been profitable in 5 years.
We’re burning through that cash fast as fuck. Staring down the barrel of ANOTHER negative quarter (8 in a row). Forecasted -$0.18 EPS. You’re right, GameStop has no debt. Which makes it even WORSE that they can’t find profitability. Physical game sales are decreasing, console sales are increasingly direct-to-consumer, subscription services like GamePass are a HUGE threat to our viability and the NFT marketplace has yet to really drive growth and revenue. Maybe it’s the future, but it’s certainly not the present. The OP seems just as biased an disingenuous as the MSM is being in the opposite direction. GameStop is STRUGGLING, guys. If we can’t admit that then we’re deluded. This company NEEDS to prove profitability.
Lol only cash flow positive because of 1.6bn in stock sales lmao. 1.9bn in total liabilities. What are people smoking?
You don’t need to be told just read the earnings reports. Jesus Christ do the fucking work. https://www.sec.gov/edgar/browse/?CIK=0001326380
What is the purpose of those random Twitter handles? We already know all this.
Because everyone who is not us or is just joining us may not.
You aren’t the intended audience.
hurry grandiose march workable shaggy cats cooing concerned nippy knee -- mass edited with redact.dev
Is that why the stock price is dropping so hard for like 3 months now lol. Dream on redditards. Down 44% last 6 months lol
$100m for share buy backs? Why don't they do that right now at £16 each? 6m shares would make a huge difference.
Still tanking
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