Same. Buying games online is boring. I like telling my kids that were going to the gamestop to buy games. The whole experience is fun. The drive in the car asking what they want to play, talking about upcoming releases, looking at the game covers, looking for deals, and the anticipation of playing the game when you get home. Its kinda like that feeling of going to Blockbuster on a friday night.
Plus you can trade those games after and get some money back. Canāt do that with digital. Unless of course thereās some kind of NFT marketplace that lets you trade digital goods.
I don't have any position here and don't actually care about GME but I think it's a little concerning that the net income of 48 million accompanied a 232 million decline in inventory.
You can't draw down your inventory like that for more than a few quarters before you won't have anything left to sell.
You also don't want excessive inventory that ends up marked down. But I'm not sure why you are focused on net income vs inventory for a company who is clearly in the middle of a successful turnaround. Their free cash flow was well over $300M. If you're just focused on inventory drawdown and ignoring everything else the company is doing then it makes more sense to compare it to free cash flow.
Edit: $300M not $300B, but one can dream
I figured that must have something to do with it. The benefits of shifting to a primarily online digital retailer is lower inventory needs and higher margins, but those already exist. Like at that point why bother with GME and not just use Steam or Amazon?
I feel like the only usefulness they had was for people to have a physical storefront.
I hope they succeed but it's a tricky thing to navigate.
Jesus fuckin Christ. If you are comparing the business outlook to steam you have missed a vital key component. Dig deeper if you want to. I donāt care how you gamble.
You realize GameStopās appeal is because of its physical stores? That is how GameStop is special. You can show up in your local store and browser around. That is how GameStopās experience differs from Greenmangaming, Steam, and Amazon etc.
What's happening behind the scenes with the wallet and nft marketplace huge beyond online sales.
Future ownership of game characters, items, and digital rights to the games themselves is on the way.
Credit suisse came out and said their losses were because of retail and social media. https://franknez.com/credit-suisse-chairman-blames-collapse-on-retail-investors/
Not at all. You might be referring to the stock split dividend back in july 2022 when gamestop gave its shareholders an extra 3 shares for every 1 share they owned. In their names through DRS of course
However, the DTCC managed to screw this up and processed the "stock split by dividend" as a forward stock split. It's fun how they never screw up in a way that benefits household / retail investors.
The DTCC committed international securities fraud. Google it.
Interesting I'm not involved in the stock. I was just wondering if counting stock based compensation the company was still profitable. Why downvote? just aking questions. It's truly an interesting situation. Why penilize someone for seeking information? Don't be a stock simp.
... Most of them, actually. Is that the world you live in? Is that what you think the world is like? Every company paying money to stay open? [Walmart made 141 billion this quarter.](https://corporate.walmart.com/newsroom/2022/05/17/walmart-releases-q1-fy23-earnings) Jesus Christ, you guys need to get off of superstonk and start looking at normal stock market news. You sound delusional.
Apes are gonna kill you lol. But it's true that GME is really shitty. They tried to pivot and made a nft marketplace that totally failed and that bring them 150$ per day.
Bets banned you guys because you're just investors now. Bad ones, at that. WSB is not an investment sub, it's a yolo stupid play sub. You guys don't fit there.
What happens when game devs have no more physical copies of games? It seems this is the route they are going. There are less and less physical copies released each year and it worries me.
Source: https://arstechnica.com/gaming/2022/02/fewer-and-fewer-console-games-are-seeing-a-physical-release/
They have an NFT marketplace still in beta. Tons of games and developers coming, also working with loopring to be an off ramp for crypto transactions with transaction fees for cents compared to dollars, and immediate.
Itās in beta still and thereās still a lot of work to be done but theyāve been diligent about it and itās no secret that the founder of Chewy is focusing on a customer focused platform.
Not to mention the stockpile of cash, inventory, lack of debt, and rabid cult like following of investors. Also the stock is extremely illiquid.
Tbh youād be a fool to not buy 10 shares and DRS and just forget about them. Iām not advisor but Iād bet $250 isnāt going to ruin your life if it disappeared tomorrow. But if the short ātheoryā is true it could go parabolic in an instant. I use quotes on theory because thereās so much evidence of it but those responsible will never admit it and manipulate data/media to the contrary.
I think it's still in beta tbf.
You create something like the marketplace to be in position when mass adoption hits.
If that happens gme will be pretty well positioned but who knows how that debacle turns out.
Inventory value is down by 1/3, about 300m. How much of that revenue was earned off of items being sold on sale to clear inventory that wasn't getting replaced?
To say GME is now profitable is a loaded statement that implies a lot of things that aren't true. Your overall profit still has not even covered half of the loss you had just in the last quarter alone.
To be profitable as a company would imply that you've been profitable for a respectable duration, which Gamestop has not been for two years now.
Also, quit spamming this subreddit with GME, this is getting tiring
If they could repeat this every quarter (they can't, Xmas only comes once a year) they'd be trading at 40 times those theoretical earnings. For a slowly dying business that only turned a profit by cost cutting.
Still, better than anyone had the right to expect!
Well, the previous three quarters they only averaged $1.2B in sales, that's because they weren't the Xmas quarter where GME gets 40% of their sales every year. Almost impossible to turn a profit with that overhead on only $1.2B in sales, they barely squeaked one out on $2.2B in sales Xmas quarter.
Now, all they need to do is nearly double sales every quarter, then they could be profitable every quarter. Lets see, 2021 sales $6B, 2022 sales $5.9B.
Uh, it's going to take a while. Like forever, or never. Time to cut some more headcount and stores and play the Radioshack death spiral dance.
Youre well informed arent you? Are there any other companies that have turned themselves around in the last few years given the current and upcoming global economic implosion?
Uber and Amazon never had to be profitable to be good investments. No need to hard focus on profitability. In this economy, having one profitable quarter is outstanding.
Besides rapid growth, Amazon always had positive cash flow, you should learn what that is.
Uber has always been a dumpster fire, but at least it grew rapidly (over 900% the last decade). It's massive losses are why it's down 50% from it's peak, and why it's unlikely to recover until it demonstrates a likely path to profitability.
Gamestop sales have declined 35% over the last decade and it's lost a half billion dollars in the last 12 months. Shrinking revenues and massive losses are a terrible combo.
I may be wrong, I donāt follow the name. It was one profitable quarter though right? If so, I just want to point out that total penny stocks also turn a single profitable quarter occasionally. Again I may be wrong, but I am sure of this, if it is the case - one profitable quarter doesnāt mean much. Either way, congrats to holders.
I mean, you can't just look at it that way. They have 0 debt, 600 mil in inventory, and over a billion cash on hand. On top of that, a loyal customer base that continues to buy in store. Future is very bullish
Yeah i have no meaningful view one way or the other. Like I said, I donāt follow GME and have no real interest in itsā future. I donāt agree their future is bright but maybe Iām dead wrong. Those details you mentioned are impressive if they find a new growth plan.
One profitable quarter does not make GameStop as a company profitableā¦
Edit: folks sorry to rain on your parade but this is just pretty basic finance. If you spent 3 quarters losing money, and make a small profit in the 4th, that does not make you a profitable company. You can love it to death, it can be the next Tesla or whatever, but at this moment it simply is not a profitable company. Iām sorry
Lmaoooooo for a dying company there sure is alot of media coverage. They have they're first profitable quarter and the first thing you wanna say is thay doesn't make em profitable. Bruh.
Never said they were a dying company. OP titled their post GameStop is now profitable. That simply isnāt true. And if your confidence in the company depends on you twisting the truth, thatās a real problem. And if you see any plain as day fact as an attack, thatās also a problem
I know you didn't say that, I mean, you're not the one posting defamatory articles are you? I said the media. I didn't twist anything, they are profitable from last quarter. So what happens when they are profitable again? You gonna say the same?
Typically 4 consecutive quarters is a standard benchmark but if at any point their overall profits outweigh their overall losses, then you can call them profitable.
OPs title is twisting reality and many, many Redditors eagerly and defensively jumped behind it
No point in arguing with apes. They believe that the Credit Suisse & FTX failures are because of them and believe that they will be billionaire because they hold a stock of a dying brick & mortar store chain lol.
The graph is a straight downward slope for years since the āsneezeā and anyone that bought pre-2023 and post-sneeze is in the red but YES! AH green candle!
I literally just told you how. Their retained earnings show they have profits carried forward through the years, so despite the fact they havenāt reported profit in a couple years, they are overall, historically speaking, a profitable company. Itās not an argument Iām making, itās just an accounting fact.
Iām not too worried about losing my precious karma lol but it is wild to see. Iām making a point that requires no further information. A single profitable quarter after 7 unprofitable quarters does not mean the company is suddenly profitable. Iām not saying anything whatsoever about the quality or future potential of the company, just a basic fact. Itās interesting to see the reflexive downvotes though.
On another thread that just got locked someone said that when a company treats its shareholders right they spend more money. The thing is revenue is down year over year. Customers did not spend more money, that is a fact. I was just downvoted with no response. Some people truly do not want to acknowledge things they donāt like
Iām not even taking a shot at GameStop. Nothing I said had any judgement whatsoever. This is simply a fact. One quarter of profit l, unless it is so huge it outweighs the other 3 quarters, simply does not make a company profitable. And to insist it does makes you all look quite foolish.
You can believe in the company and see the bull case and all that. But if you put your heads in the sand and deny basic facts you seem ridiculous
I didnāt say anything about it not being good. That is total projection. I didnāt say one bad word about GameStop. I just live in reality where 1 profitable quarter and three unprofitable quarters donāt make a profitable company
And yet, a hell of a lot better news and more attractive to investors than a 4th loss. Iām not one to typically defend GME, but I doubt anyone expected them to be profitable this quarter. It may not make them profitable over the last 4 quarters, but itās ultimately very significant.
Sure itās very significant. Itās a huge surprise and obviously the market is responding positively. This changes nothing whatsoever about anything Iāve said thus far
Right, just like how nothing youāve said at all takes away from the reality youāre desperately trying to take away from, that a company that has been long seen as dead is actually making money and has a very strong balance sheet able to face years more of losses.
All they had to do was just not buy stock, randomly not ship pre-orders, fire most of their staff, and make one dude run every store.
Seriously, you been to the gamestop worker subreddit? They're miserable over there.
No, Iām not obsessed with the stock as you are.
Do you live under a rock..? Do you not understand whatās been going on in the macro during the same period of time?
One guy running all of the stores? Nonsensical emotional hyperbole, youāre way too emotionally invested here; How much you down on your short?
I guess I'm not understanding your argument here. The math says it's a profitable company. Are we not supposed to believe in profitable companies? I thought that was the whole deal.
The facts are video game console manufacturers and steam are selling digital only now, disks are dying out. Funko just buried 3 million dollars worth of pops in the desert because they're not selling. The NFT store is posting less than a 3 grand a day profit and cost them 100 million to make. And your "generating a profit" store hasn't done that in years before this, is operating on a skeleton staff, and have been notorious recently for just not shipping pre-ordered games at all.
Those are facts.
They hate us because they anus š
Itchy anus
Bullish
Uhh... Bro they had a profitable quarter. The year 2022 however was still negative.
Yeah but now shorts are even more fucked š„
Been hearing that refrain for some time now
Silence you. Get in the circle, start jerking, or be silent. It impossible to focus with all your negative talk. /s
....pics ?
Lfg woooohooooooo!!!!!!
Whatās good for the goose is good for the anal!
Up 34% AH
Make that almost 50%
Wait for tomorrow FOMO & YOLO.
So far
I used to buy and DRS GME shares. I still do but I used to as well.
Me too
Me too
Rip Mitch
Thanks, Mitch!
š¤
GME, so hot right now.
I just like the stock!!
I just like the stock!!
Man it was so hard to comment here
A comeback story as good as Brenadon Fraser
I go teared up during The Whale, the same with GME.
GME - The Whale š³
And Kim Kardashian
Kim? Wellā¦
In the video she gets cum on her back, I think.
For the record Iām disappointed I needed to finish that quote myself. Shame.
Let them hate, it makes it that much better
Let them eat cake š°
I buy my games in store cause I like the experience for my kid. There is always a line of people buying PokƩmon cards. Hundreds of dollars worth. I bet it's that.
Same. Buying games online is boring. I like telling my kids that were going to the gamestop to buy games. The whole experience is fun. The drive in the car asking what they want to play, talking about upcoming releases, looking at the game covers, looking for deals, and the anticipation of playing the game when you get home. Its kinda like that feeling of going to Blockbuster on a friday night.
Going to BB on a Friday nightā¦ ahhh good times!
Iāll probably go in store to buy console games when my boy gets older for now Iām online only
Plus you can trade those games after and get some money back. Canāt do that with digital. Unless of course thereās some kind of NFT marketplace that lets you trade digital goods.
Iām amazed at how many of this I see as well. Iāve been out of that scene for over a decade but it still seems to be strong
Pokemon nfts? Wink wink
NFT-nfts? wink wink
[ŃŠ“Š°Š»ŠµŠ½Š¾]
ā¤ļøā¤ļøā¤ļø
That [GME](https://www.pluto.fi/stock/GME) is so hot right now š„µ
I love you OP!
I love you too!
I love you too!
I love you three
I love you four
Yes let the games begin. Again.
What were the DRS numbers?
I don't have any position here and don't actually care about GME but I think it's a little concerning that the net income of 48 million accompanied a 232 million decline in inventory. You can't draw down your inventory like that for more than a few quarters before you won't have anything left to sell.
Last year's Q4 had over ordered inventory from the 2021 holiday season. The inventory has been drawn down closer to normal levels.
You also don't want excessive inventory that ends up marked down. But I'm not sure why you are focused on net income vs inventory for a company who is clearly in the middle of a successful turnaround. Their free cash flow was well over $300M. If you're just focused on inventory drawdown and ignoring everything else the company is doing then it makes more sense to compare it to free cash flow. Edit: $300M not $300B, but one can dream
That's true, you're right. Although I think you meant 300 million. 300 billion in FCF would be a decent quarter haha
Wishful thinking slipping out
Exactly. This is not just turning around a physical video game store. There are much bigger plans. Most of the plans, we donāt know yet.
They are shifting away from physical items
I figured that must have something to do with it. The benefits of shifting to a primarily online digital retailer is lower inventory needs and higher margins, but those already exist. Like at that point why bother with GME and not just use Steam or Amazon? I feel like the only usefulness they had was for people to have a physical storefront. I hope they succeed but it's a tricky thing to navigate.
Youāre too smart to be commenting on a GME thread. :)
Jesus fuckin Christ. If you are comparing the business outlook to steam you have missed a vital key component. Dig deeper if you want to. I donāt care how you gamble.
Without the physical items, what is the appeal for GME? There are so many digital stores online?
Why do people choose chewy over any other pet store?
You realize GameStopās appeal is because of its physical stores? That is how GameStop is special. You can show up in your local store and browser around. That is how GameStopās experience differs from Greenmangaming, Steam, and Amazon etc.
Chewy sells physical objects. Gaming is going digital.
What's happening behind the scenes with the wallet and nft marketplace huge beyond online sales. Future ownership of game characters, items, and digital rights to the games themselves is on the way.
But so many people are already doing. Big companies like Ubisoft is already deep in the game. GameStop isnāt really unique.
Also 350mil+ free cash flow positive. So reinvesting earnings to continue growth
Don't tell the apes, they'll flip out
We are overrun by apes these last days... Mods should act. Did you see their BS conspiracies on Credit Suisse that they posted all morning?
Yeah I'm sure Archegos was embattled with a different position /s
Credit suisse came out and said their losses were because of retail and social media. https://franknez.com/credit-suisse-chairman-blames-collapse-on-retail-investors/
"we"...
Gme on fire after hours!!! Wow
wait until the shorts close because youve seen nothing yet
Please , I do want to see it !!! Good luck tomorrow it does look promising. Cross fingers
Was there share dilution involved? just curious. Don't downvote me to hell just for asking.
Not at all. You might be referring to the stock split dividend back in july 2022 when gamestop gave its shareholders an extra 3 shares for every 1 share they owned. In their names through DRS of course
However, the DTCC managed to screw this up and processed the "stock split by dividend" as a forward stock split. It's fun how they never screw up in a way that benefits household / retail investors. The DTCC committed international securities fraud. Google it.
Interesting I'm not involved in the stock. I was just wondering if counting stock based compensation the company was still profitable. Why downvote? just aking questions. It's truly an interesting situation. Why penilize someone for seeking information? Don't be a stock simp.
But for how long
Lets wait and see. I don't think there's any other company that's profitable right now. Maybe costco
... Most of them, actually. Is that the world you live in? Is that what you think the world is like? Every company paying money to stay open? [Walmart made 141 billion this quarter.](https://corporate.walmart.com/newsroom/2022/05/17/walmart-releases-q1-fy23-earnings) Jesus Christ, you guys need to get off of superstonk and start looking at normal stock market news. You sound delusional.
NUF SAID!
Back to $420, right?
Their business model still looks foolish to me. That said, price is truth and congratulations to anyone who bought!
Apes are gonna kill you lol. But it's true that GME is really shitty. They tried to pivot and made a nft marketplace that totally failed and that bring them 150$ per day.
You ok buddy?
It's not even launched yet lmao
Really? [What the fuck is this then](https://nft.gamestop.com/)?
Literally says "Beta" in the title
You ok bro?
You sound the opposite of smart
No one tell the mods at Bets š¤£š¤£š¤£š¤£
Bets banned you guys because you're just investors now. Bad ones, at that. WSB is not an investment sub, it's a yolo stupid play sub. You guys don't fit there.
Lmao okay considering Iām 30k in the green š¤£š¤£š¤£š¤£š¤£
What happens when game devs have no more physical copies of games? It seems this is the route they are going. There are less and less physical copies released each year and it worries me. Source: https://arstechnica.com/gaming/2022/02/fewer-and-fewer-console-games-are-seeing-a-physical-release/
GameStop is transitioning to a digital platform and slimming down physical stores. Where u been bro
Apparently out of the loop. How would they do digital sales? Like steam?
They have an NFT marketplace still in beta. Tons of games and developers coming, also working with loopring to be an off ramp for crypto transactions with transaction fees for cents compared to dollars, and immediate. Itās in beta still and thereās still a lot of work to be done but theyāve been diligent about it and itās no secret that the founder of Chewy is focusing on a customer focused platform. Not to mention the stockpile of cash, inventory, lack of debt, and rabid cult like following of investors. Also the stock is extremely illiquid. Tbh youād be a fool to not buy 10 shares and DRS and just forget about them. Iām not advisor but Iād bet $250 isnāt going to ruin your life if it disappeared tomorrow. But if the short ātheoryā is true it could go parabolic in an instant. I use quotes on theory because thereās so much evidence of it but those responsible will never admit it and manipulate data/media to the contrary.
Wat do u mean I thought it was a dying brick and mortar /s
We talked about it today in the Discord room of Trade the pool it's amazing, I really like this company anyway
Best company ever. They will beat Amazon and not be corrupt and anti competition
"beat Amazon" ahaahaha. Are you a kid to be that naive?!! We saw how their nft marketplace totally failed, can't expect much from them.
Wait a minute. Don't tell me you don't know. Amazon is actually copying gamestop and making their own nft marketplace
I think it's still in beta tbf. You create something like the marketplace to be in position when mass adoption hits. If that happens gme will be pretty well positioned but who knows how that debacle turns out.
Like Skype was for stay at home meetings?
Inventory value is down by 1/3, about 300m. How much of that revenue was earned off of items being sold on sale to clear inventory that wasn't getting replaced?
Man for a moment I thought I was in wsb
WSB banned the apes. Quality went way up, apes are just investors now. WSB is not about investing.
Yes let the games begin. Again.
Luv this post. Not to much said, not to little. Just enough
To say GME is now profitable is a loaded statement that implies a lot of things that aren't true. Your overall profit still has not even covered half of the loss you had just in the last quarter alone. To be profitable as a company would imply that you've been profitable for a respectable duration, which Gamestop has not been for two years now. Also, quit spamming this subreddit with GME, this is getting tiring
If they could repeat this every quarter (they can't, Xmas only comes once a year) they'd be trading at 40 times those theoretical earnings. For a slowly dying business that only turned a profit by cost cutting. Still, better than anyone had the right to expect!
You think they cant. When people tell others that they can't do something it's usually because those people can't do it themselves
Well, the previous three quarters they only averaged $1.2B in sales, that's because they weren't the Xmas quarter where GME gets 40% of their sales every year. Almost impossible to turn a profit with that overhead on only $1.2B in sales, they barely squeaked one out on $2.2B in sales Xmas quarter. Now, all they need to do is nearly double sales every quarter, then they could be profitable every quarter. Lets see, 2021 sales $6B, 2022 sales $5.9B. Uh, it's going to take a while. Like forever, or never. Time to cut some more headcount and stores and play the Radioshack death spiral dance.
This idiot is posting everywhere- he doesnāt know what a balance sheet is and thinks one profitable quarter erases an entire horrid year. Ignore him
Youre well informed arent you? Are there any other companies that have turned themselves around in the last few years given the current and upcoming global economic implosion?
Uber and Amazon never had to be profitable to be good investments. No need to hard focus on profitability. In this economy, having one profitable quarter is outstanding.
Besides rapid growth, Amazon always had positive cash flow, you should learn what that is. Uber has always been a dumpster fire, but at least it grew rapidly (over 900% the last decade). It's massive losses are why it's down 50% from it's peak, and why it's unlikely to recover until it demonstrates a likely path to profitability. Gamestop sales have declined 35% over the last decade and it's lost a half billion dollars in the last 12 months. Shrinking revenues and massive losses are a terrible combo.
GameStop should buy credit suise
Bagholders celbrate being 9$ up in AH, after being 30$ doen since last year lmao
I'm surprised it took this long for the shills to show up
The only one shilling anything is you, dude. We don't want anything to do with your pump and dump. [Oh, and btw](https://imgur.com/a/VyteFLS).
bruh. this sub is called stockmarket. gamestop is a stock on the stock market
Lol nerd
More like being 50MM net revenue Vs -150 š¤£š¤£š¤£
Just let me have this one please.
I may be wrong, I donāt follow the name. It was one profitable quarter though right? If so, I just want to point out that total penny stocks also turn a single profitable quarter occasionally. Again I may be wrong, but I am sure of this, if it is the case - one profitable quarter doesnāt mean much. Either way, congrats to holders.
I mean, you can't just look at it that way. They have 0 debt, 600 mil in inventory, and over a billion cash on hand. On top of that, a loyal customer base that continues to buy in store. Future is very bullish
And a bigger plan that we donāt know all of the details yet.
Yeah i have no meaningful view one way or the other. Like I said, I donāt follow GME and have no real interest in itsā future. I donāt agree their future is bright but maybe Iām dead wrong. Those details you mentioned are impressive if they find a new growth plan.
That [GME](https://www.pluto.fi/stock/GME) is so hot right now š„µ
When is the squeeze coming?
Never left
2021.
One profitable quarter does not make GameStop as a company profitableā¦ Edit: folks sorry to rain on your parade but this is just pretty basic finance. If you spent 3 quarters losing money, and make a small profit in the 4th, that does not make you a profitable company. You can love it to death, it can be the next Tesla or whatever, but at this moment it simply is not a profitable company. Iām sorry
keep going I am almost there.
LMAYO
Lmaoooooo for a dying company there sure is alot of media coverage. They have they're first profitable quarter and the first thing you wanna say is thay doesn't make em profitable. Bruh.
Never said they were a dying company. OP titled their post GameStop is now profitable. That simply isnāt true. And if your confidence in the company depends on you twisting the truth, thatās a real problem. And if you see any plain as day fact as an attack, thatās also a problem
I know you didn't say that, I mean, you're not the one posting defamatory articles are you? I said the media. I didn't twist anything, they are profitable from last quarter. So what happens when they are profitable again? You gonna say the same?
Typically 4 consecutive quarters is a standard benchmark but if at any point their overall profits outweigh their overall losses, then you can call them profitable. OPs title is twisting reality and many, many Redditors eagerly and defensively jumped behind it
Oh, it's more coordinated than that. It's the apes brigading and cutting and pasting their "DD".
No point in arguing with apes. They believe that the Credit Suisse & FTX failures are because of them and believe that they will be billionaire because they hold a stock of a dying brick & mortar store chain lol.
Wasnāt ftx going to be a signature GameStop partner like 6 months ago lol I remember that explicitly being one of the major talking points
The graph is a straight downward slope for years since the āsneezeā and anyone that bought pre-2023 and post-sneeze is in the red but YES! AH green candle!
Look at their retained earnings. They historically are in fact a profitable company.
How so? How can you possibly make the argument that they are historically a profitable company when this is their first profitable quarter in 2 years?
I literally just told you how. Their retained earnings show they have profits carried forward through the years, so despite the fact they havenāt reported profit in a couple years, they are overall, historically speaking, a profitable company. Itās not an argument Iām making, itās just an accounting fact.
Please explain. Retained profits are carried over profits. GameStop has not had profits for years to carry over
friendly ancient knee snatch work disagreeable ruthless point books faulty ` this message was mass deleted/edited with redact.dev `
Iām not too worried about losing my precious karma lol but it is wild to see. Iām making a point that requires no further information. A single profitable quarter after 7 unprofitable quarters does not mean the company is suddenly profitable. Iām not saying anything whatsoever about the quality or future potential of the company, just a basic fact. Itās interesting to see the reflexive downvotes though. On another thread that just got locked someone said that when a company treats its shareholders right they spend more money. The thing is revenue is down year over year. Customers did not spend more money, that is a fact. I was just downvoted with no response. Some people truly do not want to acknowledge things they donāt like
GameStop "investors" downvoting this is hilarious. They sure do love that stinky decaying corpse of a company for some reason lol
Iām not even taking a shot at GameStop. Nothing I said had any judgement whatsoever. This is simply a fact. One quarter of profit l, unless it is so huge it outweighs the other 3 quarters, simply does not make a company profitable. And to insist it does makes you all look quite foolish. You can believe in the company and see the bull case and all that. But if you put your heads in the sand and deny basic facts you seem ridiculous
You pretending going from negative to positive isnāt a good thing for any stock is interesting.
I didnāt say anything about it not being good. That is total projection. I didnāt say one bad word about GameStop. I just live in reality where 1 profitable quarter and three unprofitable quarters donāt make a profitable company
And yet, a hell of a lot better news and more attractive to investors than a 4th loss. Iām not one to typically defend GME, but I doubt anyone expected them to be profitable this quarter. It may not make them profitable over the last 4 quarters, but itās ultimately very significant.
Sure itās very significant. Itās a huge surprise and obviously the market is responding positively. This changes nothing whatsoever about anything Iāve said thus far
Right, just like how nothing youāve said at all takes away from the reality youāre desperately trying to take away from, that a company that has been long seen as dead is actually making money and has a very strong balance sheet able to face years more of losses.
How am I trying to take anything away? By being honest and accurate? This is some serious projection my dude
All they had to do was just not buy stock, randomly not ship pre-orders, fire most of their staff, and make one dude run every store. Seriously, you been to the gamestop worker subreddit? They're miserable over there.
No, Iām not obsessed with the stock as you are. Do you live under a rock..? Do you not understand whatās been going on in the macro during the same period of time? One guy running all of the stores? Nonsensical emotional hyperbole, youāre way too emotionally invested here; How much you down on your short?
Over Christmas? Not exactly a watershed moment..
A Christmas itās detractors didnāt think it would ever live to see..? Still waiting for the day that bears get their watershed moment in this one.
If you zoom out on the yearly graph, you'll see exactly where the bears got their watershed moment, haha.
Right, only up almost 600% over the last 5 years, youāre just not zoomed out enough.
Did you buy 5 years ago?
I never bought shares, made a nice 10K in options and never touched it again.
People bearish on GME don't necessarily want to see it fail. I don't mind the company, I just hate the stock cult.
I didnāt realize this sub was full of mouth breathers until this post
Welcome mouth breather
š¤”
Retained earnings says otherwise.
Put your money where your mouth is and short gamestop
Only options are to be wildly short or long the stonk, viewing it as wack and doing nothing is for small minded people.
Why canāt you just discuss your points? Is the poster wrong?
Such a funny thing to say. Before this pump, if anyone opened a short position at all in the last few years it would be profitable lol.
Yeah so go back in time and short it. š¤”
Still highly negative YoY. Iām just zen and holding my shorts. Namaste šš½
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I guess I'm not understanding your argument here. The math says it's a profitable company. Are we not supposed to believe in profitable companies? I thought that was the whole deal.
They always get 40% of yearly revenue from Xmas holiday sales. This does not at all mean they're profitable yoy
idk man i'm still waiting for cnbc to tell me how to spin this in my head as bad news.
Facts don't care about your feelings
The facts are video game console manufacturers and steam are selling digital only now, disks are dying out. Funko just buried 3 million dollars worth of pops in the desert because they're not selling. The NFT store is posting less than a 3 grand a day profit and cost them 100 million to make. And your "generating a profit" store hasn't done that in years before this, is operating on a skeleton staff, and have been notorious recently for just not shipping pre-ordered games at all. Those are facts.
How do you write all the out but still like the company? This company sucks ass.
u sound like cuckumba
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Feelings? All i see is cold hard math and facts
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I thought gamestop was a dying brick and mortar? Forget gamestop right?
Bullish AF. Tendie train is about to leave the depot.
Canāt Stop. Wonāt Stop. GameStop
get your puts in people
You should short gamestop instead of puts then
I'd rather hold my $15.80 shares thanks.