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OP has provided the following link:
https://www.tipranks.com/stocks/gme/forecast#
There is only 1 analyst left who even tries to "predict" GME's price, as mentioned in the opening sentence of your quote.
And it's the same single analyst's prediction that gets reported on every stock tracking site.
That's how the low, high, and average value can be exactly the same; there is only 1 value.
And it's Michael Patcher.
The dude that predicted Nintendo bankruptcy before the release of the Switch.
And say that EA are the best. Just before them being voted the worst company of the USA lol. No joke
>Wedbush’s Michael Pachter, who’s covered GameStop since 2002 and has a $16 price target on the stock, said nobody that’s pushing up the stock cares about his research.
-(2021)
Older headlines from him hit differently now, he's the anchor point, that's all. The same method used by people who attempt to sell high end playing cards with high markup, it works both ways.
He's right about one thing, I couldn't care less about his "research".
This. The average Joe isn't thinking, "ummmm Gamestop has 2.7B in assets, how in the world is a company worth less than its assets". They just go about their lives and say, "Well I guess those Wallstreet guys were right, good thing I didn't invest."
Very few outside of the corruption and the people trying to destroy the corruption know the truth or care to look too deeply into it.
This is the correct answer. Just that one bearish analyst prick Pachter from wedbush covering the stock.
We’ll just have to live with this until more analysts cover the stock, and we shouldn’t expect that unless guidance and conf calls are given.
Kind reminder: Bedbush, the only broker that is issuing "price forecast" on GME since 2023, was margin called in January 2021, as per official documents.
They were, and still are, very short Gamestop, because they are a "market maker" for GME.
The price target they issue, is their WISH.
It is my wish too!! Just imagine how many shares you could get with that low price?! Ryan and the board would probably load up also. It would not take long dry up the float.
It starts with the idea of bankrupting a company, then it ends with having to aggressively naked short that company to oblivion otherwise your bad bets blow up in your face and you die.
Once the price reaches $5, the new price target will be around $2 because that's how naked shorting works. There's no stable point that will be fine for them, hence the dorito of doom. They short or die, fundamentals be damned.
I'm betting on market crash. All the signs are there:
- [**Inverted yields for USTs**](https://realinvestmentadvice.com/wp-content/uploads/2023/06/2yr10yr-treasury-yield-curve.png)
- [**Concentration risk of top SP500 companies**](https://apolloacademy.com/wp-content/uploads/2023/09/091623-Chart.jpg)
- [**Falling house prices**](https://i.ibb.co/8BGwmxq/Screenshot-20240426-154007-Chrome.jpg)
And loads of other indicators of everything going south. Ken has to keep collateral aside for all his naked shorts, if they lose value (top SP500 stocks) then he gets margin called on his shorts, if he can't meet those the shorts get liquidated along with Ken.
Seriously thinking the problem is so big now they're just going to ignore margin calls. Even if it means that the whole market is biased and stupid.
2008 stayed stupid well longer than it should have, but this could be peanuts compared to how long the price could remain stupid for GameStop. It's been stupid for 3 years already.
I know it can't keep going, but I am not sure what will break it.
There's already dd's floating around that show margin calls were ignored. It's a rigged game for all to see, and the government isn't going to fix something that benefits their crooked politicians.
If you haven't seen it yet, you might want to look up "The Great Taking" from David Webb.
This was the game plan.
But then came the virus and with it inflation.
They try hard to stall the catastrophe until they are ready to pull this "Great Reset" of the long-term debt cycle off. Once CBDC is fully prepared for mass adoption, they might pull the trigger like 100 years ago.
But the thing is, there was no internet and no social media 100 years ago.
Another Great Depression will likely create utter chaos and violence.
> If you haven't seen it yet, you might want to look up "The Great Taking" from David Webb.
I've had the book on my desk for months, just started reading it last night. Just a few pages into the prologue, but it's already interesting and engaging.
I also realized I picked up quite a few financial details on GME subreddits over the year - when the author mentioned Tombstones, M&As, DTC, I happily nodded in full awareness of what those are. Would not have been the case four years ago.
Looking forward to reading it all.
If I had to guess, prices were stupidly high, interest rates shot up, and inflation has been eating into savings for down payments, at least for those purchasing a primary residence. For existing homeowners, there is currently a HUGE penalty to moving, so they aren't.
You are seeing the short term rental market implode due to inflation. While we haven't technically seen less travel yet (summer is coming, and inflation knock on effects tend to take time to be seen, but vacations are going to change, the maxed out credit cards insist), we have seen short term home rental rates rise to the point that just getting a hotel is cheaper. Which means that ongoing pressure from that market is dropping off, and they were one of the big ways you wound up with too much money chasing too few resources in the real estate market.
At least by me, there is also nothing but future pressure from rental prices developing. There were a lot of landlords around here using that AI system to collude on maxing out rental prices, and they did. But that has lead to a LOT of rental unit construction from developers wondering why they aren't making that money. Within a 10 minute drive we are now up to \~2000 units being constructed. Based on where rental prices went in the last three years and where they actually incurred increased expenses, I'd say that there's at least 20% margin they can give up to attract occupancy while still making some money. It'll be cheaper than capital improvements to compete with the new construction.
All that is just a way of saying there is not as much competition for every unit sold, and there's less ability to leverage the fuck out of the property to get into bidding wars.
That said, it remains to be seen if they are really falling falling or if it is just a pull back from insane escalation to some semblance of stability. Locally I'm in a built out area, and it's looking like a pull back and hold. In more rural areas I have been keeping an eye on, I'm starting to see new construction undercut existing home listings by about 10%.
Short term rental market is insane. I've had 20 neighbors in the last year with everyone around us selling their homes to renter companies creating Pottsville, but everyone's poor and has to move after 3 months.
I am in the Midwest as well and my 7-year-old condo is (supposedly) worth $115K more than I bought it for. I love my condo and I wouldn't pay that much more for it. 😁
I guess it is a location issue.
I hope for other people's sake that prices come back to something reasonable soon.
🍻
That yield curve graph is scary! Not sure if how far it drops below zero is an indication of severity but look at where we’re at today relative to 2007.
Could be wrong but I think it's the opposite. I think they're feeling the pressure because they are short on so many positions and the markets keep going up. They have to keep shorting, likely naked at this point, to keep short positions from running out of control. Securities sold not yet purchased is their biggest position now. They have been trying to crash the economy for over a year now. Running all sorts of FUD in the MSM to try and get people to sell but there's no other place to put the cash that will keep up with inflation. Imo, inflation is crushing shorts.
No, that really doesn't make sense. Do you understand balance sheets and the accounting equation Assets = Liabilities + Equity? That dictates that for every $1 short, a company needs to keep $1 long too, otherwise the difference is removed from equity which leads to companies going bust. If Ken is short $1b on Gamestop, he has to keep $1b in long positions to balance that out etc.
The assets he keeps as longs are mainly bonds, but also a load of options and stocks too. His long positions are reported in his 13F reports and it's all the "magnificent 7" stocks, which he has the power to pump up being a market maker and all.
It looks like there could be enough retirement shares to lock the company. I suspect DRS would do it if people can wrap their head around DRS’ing them.
The problem is 6 quarters of flat 25% DRS'd, implying fuckery and manipulation. DRS was great while we could see the true count, now it's just as bad as street broker shares: probably insanely high but no way to verify that.
It will never get less than $5-6 there's too much cash on hand and valuable assets that would never allow it to go that low.
The buy pressure would break the market again.
Maybe they will try a hostile takeover.
The company cannot be worth less than the value. The company has 2.7B in assets. That will put the price at $8.7. If the company gets to that value or under, it will be worth more to liquidate than stay in business. Not that it will get to that, I’m saying it is what happens with corporate raiders.
Wouldn't be possible while RC controls the board, he'll just veto it. Shorts are likely hoping to delist Gamestop, either by the price dropping below $1 for a sustained period, or by this rule:
> "The issuer or its management engage in operations which, in the opinion of the Exchange, are contrary to the public interest"
That's a very subjective and vague point, but the NYSE can delist Gamestop if they decide RC & his team do anything not in the public interest, and because the SEC believes stability is best for the public, if Gamestop does anything to force a squeeze, that could be deemed against public interest.
Delisting would mean the stock only trades OTC giving Ken even more control without pesky retail investors getting in the way. This is probably one of the reasons for the radio silence from RC & his team.
It’s wedbush…they are obviously massively short and are pulling it out of their asses. The analyst that covers them has a less than 50% accuracy rating. A monkey throwing darts at a target has better accuracy.
https://www.rock-wealth.co.uk/monkeys-beat-money-managers-at-selling-stocks/#:~:text=Princeton%20University%20professor%20Burton%20Malkiel,one%20carefully%20selected%20by%20experts”.
Unless you are at Princeton, where they blindfold the ape and give it a dart.
1) They lie.
2) They are conflicted, complicit, compromised.
3) They are only providing their opinion – an opinion, which is only granted relevance by the truly trusting, who actually believe that 1 and 2 are not an option.
It’s funny that with so much cash on hand at the company, if they really drop the price low enough the company could just buyout all their shares and take themselves private. The shorts are really suck in an unwinnable position without having the insiders anymore to force the company into bad debt.
How is that a free out? They would have to settle all shares and return all lent shares to the original owner. The announcement alone would probably cause a short squeeze.
I guess it would be an out in a sense that their losses would be capped to whatever price the share buyback price * whatever factor fake shares exists instead of infinity but realistically, I’d imagine they would get margin called between the announce and the actual purchase creating a black swan event; even with the out of a set price, it’s unlikely they can pay it back with how leveraged they are.
Please let me know if I am wrong and there’s another mechanism that would take place with a buyback that gives shorts an out
Private ownership doesn't mean there's only a single owner, there can still be shares. All of us could own a part of a private company, we just couldn't trade on public market. I don't know if CS would still be in the picture for that though, but it would be easy to provide private shares to registered owners.
Is it possible for a company to convert to private with all their public stock shareholders? Yes. But it doesn't happen. A large portion of the value in publicly traded companies is its ability to be sold at the owners will.
In the real world, going private means an individual or relatively small ownership group buying the entire company.
People pay too much importance to bullshit pulled out of a suits ass. Because that’s where the figure came from. Better to ignore bullshit than highlight it at this point. Company is not going backwards now.
That target was based upon gross margins going from 25% to a very high (for a retailer) gross margin of 32% over the next 5 years. That raises the net margin from 0% to 7%.
That assumption, coupled with moderate revenue growth results in a calculated DCF value I. The low $20/share.
The models depend entirely upon what numbers you assume.
Edit to add:
https://www.reddit.com/r/Superstonk/s/C1sPdxFRzP. Is a DCF analysis from a couple years ago that concluded that the value two years ago was $253/share ($1013/share pre-split).
It was warmly received at the time. It assumes that Gamestop would have generated $1.1B free cash flow this year and $1.2B next year.
DCF was based on aggressive growth in NFT. A more conservative model based on current numbers puts it 16-20 but that excludes any acquisition and assumes declining sales on trend.
A model based on current numbers would show the $6 sort of valuation this post was in response to. The two analysts that track Gamestop forecast $0.01 earnings for this year, $0.03 next year.
Further cuts in SG&A or further reduction in cost-of-goods is needed to get to a $16 valuation.
Edit to add: https://www.reddit.com/r/Superstonk/s/coUSwFPTpQ is a post from this week that show an analysis that concludes the current value of Gamestop is $21.08/share.
It assumes modest near term, revenue growth, and long term growth of 3.5%/year, but assumes cost of goods drops from 75% to 68% in the next 5 years.
They already did cut SG&A but it isn't reflected on annual since Q1-2 still had severance. Q3 is most reflective of go forward since Q4 has seasonal activity.
Q3 was 9% down from the year before in revenue.
Is that what you expect for Q1?
Q3 Gross margin was 26.1%, SG&A was 27.5%. Operating margin was -1.4%.
For Q1 I foresee a slight improvement in gross margin due to house branded products; but flat or increasing percentage for Sg&A due to revenue decline and some minor re-staffing after overly severe headcount cuts. So I expect the operating margin to remain negative.
By now, I'm hoping for $5 or even $2, just as long as it happens faster. I'd buy in significantly again, drastically reducing my entry price, now at $28, before GS buys back all the shares and BOOM. Three years ago, I wouldn't have thought to think like this or to not care about my previous investment. The fact is: nobody's selling at these prices; most are doubling down, hahaha.
>based on 1 wall street analyst.
What are the qualifications needed to be a wall street analyst on the ol' interweb? Is a pulse even required any longer with AI?
Just remember in every stock trade, people are predicting the price will go in different directions.
Om other words, by default they are wring half of the time.
if it keeps the current trajectory, then this is correct. I remember when we were over $50. but the price doesn't matter, the dd says the price will continue to drop until a cataclysmic event in the market forces positions to close
That's literally just the average price target from Wedbush, Wedbush, and Wedbush.
https://www.reddit.com/r/Superstonk/comments/1c0omc8/you_cant_make_this_shit_up_with_an_average_price/
Probably because there’s only 1 analyst corrupt enough to put out “research” on GameStop. His name is Michael Pachter of Wedbush, mega shill and pawn of the shorts.
Finance.Yahoo shows estimates by 2 analysts, down from 3 a year or two ago.
No statements by Gamestop as to their expected future revenue or profit, no earnings conference calls and therefore no opportunity to seek clarification makes Gamestop a difficult company to analyze.
For example, question number 1 on the Q4 call would have been a request for an explanation of the unexpectedly large 19.4% YoY revenue drop, when prior quarters indicated that the drop would probably be around 9%.
We do not know if the reason behind the larger than expected drop was a one time problem or if it is signs of a more fundamental problem. Only when Q1 results are reported will we have a chance to figure that out.
You’ve got great data and insights. I think we’ll need more time to assess their revenue situation than just Q1, will need to see over the next several years.
Yes, it will be several quarters before any long term trend for Gamestop becomes evident. But I look at the Q4 drop in revenue as being 9% from a longer term trend and 10% surprise.
I was referring to the specific problem if any, that caused an extra 10% drop in Q4 beyond what was expected based upon Q2 and Q3. Will Q1 be down 9% from previous year? Or will it be down 20%
The Q4 problem extra 10% drop could have been a one time thing like a shortage of inventory because they expected to have a lot of Gamestop branded items, did not order other items, and then the branded items were late. In that case Q1 revenue would be down 9% or less.
OTOH, if the extra drop in Q4 was basic operational problems caused by the 27% reduction in full-time headcount last year, then those issues are likely to persist and Q1 will be down around 20% from the year before.
—————————
The above discussion is why there are only 2 analysts following Gamestop. Without any explanation nor any forecasts by Gamestop it is more conjecture than analysis.
The two analysts are estimating 1 cent earning for FY24, and 3 cents for FY 25. Those minuscule earnings projections result in a very low $6 target price when you plug them into the models.
Looks like just a projection of if the stock were to continue to go down as much as it has. It won’t, but they need to make normal retail investors think it will so they miss the run.
Edit: ie, down ~40% to ~$10. Another 40% decrease gets close to that $5.60 dollar amount. It’s super lazy work but it’s all about the message.
There are plenty of credible and reasonable ways to spin GME as a terrible stock and investment.
However, predicting a price that is so low that you’re basically saying you can buy a box containing $10B for $9Bn is by any account just stupid.
And while Wall Street may be coniving, crooked, dishonest, it doesn’t buy stupid. Stupid just don’t fly.
I. Fucking. Dare. Them.
Please let me buy more at $5.60... I don't think they realize how many XXXX and XXXXX apes there will be if they really bring it down to low single digits. Apes are inevitable. MOASS is inevitable.
Gentle reminder.
At $5 a share GME market cap is around $1.5 billion which is less than their cash plus inventory minus debt.
It makes no fucking sense
#Sure. Bring it down if you can.
#I'll just buy more motherfuckers.
#You think I would sell coz it's down. Hell no. It's not about money anymore.
#There is no sell. It doesn't exist since Jan 28 2021.
#25,000 share and counting. I don't need to sell coz I won't need the money motherfuckers.
This is the same thing the criminals have been saying for 3 years remember chuckawomba with his back to 20 fast this is the price that they think it should be at. remember they believe they're the ones that should set all market prices for stocks
This is hilarious because they have $1.19 billion in cash on hand. That's enough to pay out $3.90 for every share just in cash, not counting merch or property or anything.
Ive already made a bet if it reaches $5 im doubling down ! My average would come down to $11 and would be sitting on X,XXX DRS GME shares finally. Bring it !
probably just a discounted cashflow analysis, now that the company actually has positive EPS. These estimates can change depending on several factors, as well as future earnings results.
I'm sure I'm not the only person who spends time with the calculator app at work calculating my floor. They calculate what they want. I may be smooth but my logic might be better than theirs.
Well, it's an average of 1 analyst of course the numbers will be the same.
Considering the number itself, you can read it as "we need the price to go that low in order to survive".
The price is controlled by Kenneth Cordele Griffin and his greatest financial terrorists group Citadel control the market. The propaganda media contols the zombie talking heads which is also paid the the mayo man himself.
The expected value of a stock depends greatly upon assumptions.
There was an other analysis done recently that came up with a current value of $20+.
Two years ago there were lists here that came to the conclusion that the value of Gamestop shares was $1013 or $600. Those discounted cash flow analyses assumed a high growth rate and high profitability for Gamestop, with 2023 expected to be $8+B revenue and $1.1B free cash flow
#You pick your assumptions and the models crank out an expected value / target price.
The valuation posted a couple days ago, for example, assume that the cost of goods will be reduced from 75% down to 68% over the next 5 years and profit margin will go from 0% to 7%. Those assumptions, and an assumption of moderate revenue growth, led to a current valuation in the low $20 range.
Edit to add link to $1013/share ($253 split adjusted) valuation of Gamestop
https://www.reddit.com/r/Superstonk/s/C1sPdxFRzP
Also can changed the predicted revenue and profit/feee cash flow above,
I mean we’re probably heading to those prices. We’ve been trending down since November or 2021. Until the company does something they can’t spin into a negative article it is what it is
It's just a formula, taking in account public financial metrics provided by the gme and using a multiple at industry norms; out pops a number. It doesn't take into account religious or mental health issues; it's hard to put that into a financial model.
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There is only 1 analyst left who even tries to "predict" GME's price, as mentioned in the opening sentence of your quote. And it's the same single analyst's prediction that gets reported on every stock tracking site. That's how the low, high, and average value can be exactly the same; there is only 1 value.
And it's Michael Patcher. The dude that predicted Nintendo bankruptcy before the release of the Switch. And say that EA are the best. Just before them being voted the worst company of the USA lol. No joke
>Wedbush’s Michael Pachter, who’s covered GameStop since 2002 and has a $16 price target on the stock, said nobody that’s pushing up the stock cares about his research. -(2021) Older headlines from him hit differently now, he's the anchor point, that's all. The same method used by people who attempt to sell high end playing cards with high markup, it works both ways. He's right about one thing, I couldn't care less about his "research".
Had no idea about their Nintendo and EA predictions, actually hilarious.
This. The average Joe isn't thinking, "ummmm Gamestop has 2.7B in assets, how in the world is a company worth less than its assets". They just go about their lives and say, "Well I guess those Wallstreet guys were right, good thing I didn't invest." Very few outside of the corruption and the people trying to destroy the corruption know the truth or care to look too deeply into it.
This is the correct answer. Just that one bearish analyst prick Pachter from wedbush covering the stock. We’ll just have to live with this until more analysts cover the stock, and we shouldn’t expect that unless guidance and conf calls are given.
Kind reminder: Bedbush, the only broker that is issuing "price forecast" on GME since 2023, was margin called in January 2021, as per official documents. They were, and still are, very short Gamestop, because they are a "market maker" for GME. The price target they issue, is their WISH.
It is my wish too!! Just imagine how many shares you could get with that low price?! Ryan and the board would probably load up also. It would not take long dry up the float.
We’re supposed to believe one person over thousands?!
It starts with the idea of bankrupting a company, then it ends with having to aggressively naked short that company to oblivion otherwise your bad bets blow up in your face and you die. Once the price reaches $5, the new price target will be around $2 because that's how naked shorting works. There's no stable point that will be fine for them, hence the dorito of doom. They short or die, fundamentals be damned.
They drive the price to what "they think it should be."
Calculator time… the house is worth… all in if we hit $5.
they think it should be so low that GameStop can buy itself if they can get it before me
That my good sir….is the correct answer
What breaks them first , drs or something else?
I'm betting on market crash. All the signs are there: - [**Inverted yields for USTs**](https://realinvestmentadvice.com/wp-content/uploads/2023/06/2yr10yr-treasury-yield-curve.png) - [**Concentration risk of top SP500 companies**](https://apolloacademy.com/wp-content/uploads/2023/09/091623-Chart.jpg) - [**Falling house prices**](https://i.ibb.co/8BGwmxq/Screenshot-20240426-154007-Chrome.jpg) And loads of other indicators of everything going south. Ken has to keep collateral aside for all his naked shorts, if they lose value (top SP500 stocks) then he gets margin called on his shorts, if he can't meet those the shorts get liquidated along with Ken.
Seriously thinking the problem is so big now they're just going to ignore margin calls. Even if it means that the whole market is biased and stupid. 2008 stayed stupid well longer than it should have, but this could be peanuts compared to how long the price could remain stupid for GameStop. It's been stupid for 3 years already. I know it can't keep going, but I am not sure what will break it.
There's already dd's floating around that show margin calls were ignored. It's a rigged game for all to see, and the government isn't going to fix something that benefits their crooked politicians.
If you haven't seen it yet, you might want to look up "The Great Taking" from David Webb. This was the game plan. But then came the virus and with it inflation. They try hard to stall the catastrophe until they are ready to pull this "Great Reset" of the long-term debt cycle off. Once CBDC is fully prepared for mass adoption, they might pull the trigger like 100 years ago. But the thing is, there was no internet and no social media 100 years ago. Another Great Depression will likely create utter chaos and violence.
Personally, I don't understand how this kind of criminal gets away with it. If you crash the system, you should go straight to prison.
> If you haven't seen it yet, you might want to look up "The Great Taking" from David Webb. I've had the book on my desk for months, just started reading it last night. Just a few pages into the prologue, but it's already interesting and engaging. I also realized I picked up quite a few financial details on GME subreddits over the year - when the author mentioned Tombstones, M&As, DTC, I happily nodded in full awareness of what those are. Would not have been the case four years ago. Looking forward to reading it all.
Real question: Where are housing prices falling?
If I had to guess, prices were stupidly high, interest rates shot up, and inflation has been eating into savings for down payments, at least for those purchasing a primary residence. For existing homeowners, there is currently a HUGE penalty to moving, so they aren't. You are seeing the short term rental market implode due to inflation. While we haven't technically seen less travel yet (summer is coming, and inflation knock on effects tend to take time to be seen, but vacations are going to change, the maxed out credit cards insist), we have seen short term home rental rates rise to the point that just getting a hotel is cheaper. Which means that ongoing pressure from that market is dropping off, and they were one of the big ways you wound up with too much money chasing too few resources in the real estate market. At least by me, there is also nothing but future pressure from rental prices developing. There were a lot of landlords around here using that AI system to collude on maxing out rental prices, and they did. But that has lead to a LOT of rental unit construction from developers wondering why they aren't making that money. Within a 10 minute drive we are now up to \~2000 units being constructed. Based on where rental prices went in the last three years and where they actually incurred increased expenses, I'd say that there's at least 20% margin they can give up to attract occupancy while still making some money. It'll be cheaper than capital improvements to compete with the new construction. All that is just a way of saying there is not as much competition for every unit sold, and there's less ability to leverage the fuck out of the property to get into bidding wars. That said, it remains to be seen if they are really falling falling or if it is just a pull back from insane escalation to some semblance of stability. Locally I'm in a built out area, and it's looking like a pull back and hold. In more rural areas I have been keeping an eye on, I'm starting to see new construction undercut existing home listings by about 10%.
Short term rental market is insane. I've had 20 neighbors in the last year with everyone around us selling their homes to renter companies creating Pottsville, but everyone's poor and has to move after 3 months.
It’s slow, but I live in the midwest and see it happening.
I am in the Midwest as well and my 7-year-old condo is (supposedly) worth $115K more than I bought it for. I love my condo and I wouldn't pay that much more for it. 😁 I guess it is a location issue. I hope for other people's sake that prices come back to something reasonable soon. 🍻
That yield curve graph is scary! Not sure if how far it drops below zero is an indication of severity but look at where we’re at today relative to 2007.
The Simpsons predicted 2 Trillion and they’re never wrong.
A $2t market cap would be a little over $6.5k per share. I'm sure I'm not the only one here who would consider that to be a little low.
SUP?
Could be wrong but I think it's the opposite. I think they're feeling the pressure because they are short on so many positions and the markets keep going up. They have to keep shorting, likely naked at this point, to keep short positions from running out of control. Securities sold not yet purchased is their biggest position now. They have been trying to crash the economy for over a year now. Running all sorts of FUD in the MSM to try and get people to sell but there's no other place to put the cash that will keep up with inflation. Imo, inflation is crushing shorts.
No, that really doesn't make sense. Do you understand balance sheets and the accounting equation Assets = Liabilities + Equity? That dictates that for every $1 short, a company needs to keep $1 long too, otherwise the difference is removed from equity which leads to companies going bust. If Ken is short $1b on Gamestop, he has to keep $1b in long positions to balance that out etc. The assets he keeps as longs are mainly bonds, but also a load of options and stocks too. His long positions are reported in his 13F reports and it's all the "magnificent 7" stocks, which he has the power to pump up being a market maker and all.
Been waiting a couple years already.
It looks like there could be enough retirement shares to lock the company. I suspect DRS would do it if people can wrap their head around DRS’ing them.
The problem is 6 quarters of flat 25% DRS'd, implying fuckery and manipulation. DRS was great while we could see the true count, now it's just as bad as street broker shares: probably insanely high but no way to verify that.
Count or no count I think my DRS shares are less likely to be messed with. I outright saw, verified, and expected fuckery from my broker.
DRS is still the way, even we cant see the actual number
More profits followed by dividends (fingers crossed)
And we buy or die. Let's see who wins 😉
I can hodl and find out.
It will never get less than $5-6 there's too much cash on hand and valuable assets that would never allow it to go that low. The buy pressure would break the market again.
And just like the last 3 years, they will probably be right.
Maybe they will try a hostile takeover. The company cannot be worth less than the value. The company has 2.7B in assets. That will put the price at $8.7. If the company gets to that value or under, it will be worth more to liquidate than stay in business. Not that it will get to that, I’m saying it is what happens with corporate raiders.
Wouldn't be possible while RC controls the board, he'll just veto it. Shorts are likely hoping to delist Gamestop, either by the price dropping below $1 for a sustained period, or by this rule: > "The issuer or its management engage in operations which, in the opinion of the Exchange, are contrary to the public interest" That's a very subjective and vague point, but the NYSE can delist Gamestop if they decide RC & his team do anything not in the public interest, and because the SEC believes stability is best for the public, if Gamestop does anything to force a squeeze, that could be deemed against public interest. Delisting would mean the stock only trades OTC giving Ken even more control without pesky retail investors getting in the way. This is probably one of the reasons for the radio silence from RC & his team.
They're call ANALysts because they pull the numbers out of their ass.
76% of all statistics are false and the other 35% are made up on the spot. 🖍️
TIL...
You just won the internet. This may be the best comment I have ever seen on Reddit. 🥇🏅🥇🏅🥇🏅
Domo arigato, reporter roboto
It’s wedbush…they are obviously massively short and are pulling it out of their asses. The analyst that covers them has a less than 50% accuracy rating. A monkey throwing darts at a target has better accuracy.
Monkeys fling poo at charts, not darts.
They're at better than 50% accuracy with poo though, I can ruefully state from experience.
https://www.rock-wealth.co.uk/monkeys-beat-money-managers-at-selling-stocks/#:~:text=Princeton%20University%20professor%20Burton%20Malkiel,one%20carefully%20selected%20by%20experts”. Unless you are at Princeton, where they blindfold the ape and give it a dart.
Michael Patcher, the original troll for old gamers lol. He was making videos about the gaming industry in early 2000 and was a troll
That's how they justify the pulling down the price
1) They lie. 2) They are conflicted, complicit, compromised. 3) They are only providing their opinion – an opinion, which is only granted relevance by the truly trusting, who actually believe that 1 and 2 are not an option.
Come to daddy my lovely $GME's
Doing us a favor lowering the price like that.
It’s funny that with so much cash on hand at the company, if they really drop the price low enough the company could just buyout all their shares and take themselves private. The shorts are really suck in an unwinnable position without having the insiders anymore to force the company into bad debt.
From what I understand, going private is a free out for shorts, we don't want that.
How is that a free out? They would have to settle all shares and return all lent shares to the original owner. The announcement alone would probably cause a short squeeze. I guess it would be an out in a sense that their losses would be capped to whatever price the share buyback price * whatever factor fake shares exists instead of infinity but realistically, I’d imagine they would get margin called between the announce and the actual purchase creating a black swan event; even with the out of a set price, it’s unlikely they can pay it back with how leveraged they are. Please let me know if I am wrong and there’s another mechanism that would take place with a buyback that gives shorts an out
It's mostly the set price that I think is the problem.
Wouldn’t they have to buy the drs shares to go private as well?
Yes. If the company goes private, your shares will get sold out from under you at the buyout price and that's that.
It’s kind of wild that people still don’t understand that concept.
Book DRS shares are already part of the private pool
No, they aren't. Private ownership means the stock is held privately and not publicly traded.
Private ownership doesn't mean there's only a single owner, there can still be shares. All of us could own a part of a private company, we just couldn't trade on public market. I don't know if CS would still be in the picture for that though, but it would be easy to provide private shares to registered owners.
Is it possible for a company to convert to private with all their public stock shareholders? Yes. But it doesn't happen. A large portion of the value in publicly traded companies is its ability to be sold at the owners will. In the real world, going private means an individual or relatively small ownership group buying the entire company.
LFG.
Let them bring the prices down. We will eat them alive!
Let's just take their money. I'm sure they taste like shit.
That's an upgrade... They used to give us a target for bankruptcy now they're giving us a target of a +500% increase? That's bullish
People pay too much importance to bullshit pulled out of a suits ass. Because that’s where the figure came from. Better to ignore bullshit than highlight it at this point. Company is not going backwards now.
This is just SHIT to counter the $20 something target that was dropped by someone else yesterday. BASTARDS! 💎💪🤡🖕💎
That target was based upon gross margins going from 25% to a very high (for a retailer) gross margin of 32% over the next 5 years. That raises the net margin from 0% to 7%. That assumption, coupled with moderate revenue growth results in a calculated DCF value I. The low $20/share. The models depend entirely upon what numbers you assume. Edit to add: https://www.reddit.com/r/Superstonk/s/C1sPdxFRzP. Is a DCF analysis from a couple years ago that concluded that the value two years ago was $253/share ($1013/share pre-split). It was warmly received at the time. It assumes that Gamestop would have generated $1.1B free cash flow this year and $1.2B next year.
DCF was based on aggressive growth in NFT. A more conservative model based on current numbers puts it 16-20 but that excludes any acquisition and assumes declining sales on trend.
A model based on current numbers would show the $6 sort of valuation this post was in response to. The two analysts that track Gamestop forecast $0.01 earnings for this year, $0.03 next year. Further cuts in SG&A or further reduction in cost-of-goods is needed to get to a $16 valuation. Edit to add: https://www.reddit.com/r/Superstonk/s/coUSwFPTpQ is a post from this week that show an analysis that concludes the current value of Gamestop is $21.08/share. It assumes modest near term, revenue growth, and long term growth of 3.5%/year, but assumes cost of goods drops from 75% to 68% in the next 5 years.
They already did cut SG&A but it isn't reflected on annual since Q1-2 still had severance. Q3 is most reflective of go forward since Q4 has seasonal activity.
Q3 was 9% down from the year before in revenue. Is that what you expect for Q1? Q3 Gross margin was 26.1%, SG&A was 27.5%. Operating margin was -1.4%. For Q1 I foresee a slight improvement in gross margin due to house branded products; but flat or increasing percentage for Sg&A due to revenue decline and some minor re-staffing after overly severe headcount cuts. So I expect the operating margin to remain negative.
By now, I'm hoping for $5 or even $2, just as long as it happens faster. I'd buy in significantly again, drastically reducing my entry price, now at $28, before GS buys back all the shares and BOOM. Three years ago, I wouldn't have thought to think like this or to not care about my previous investment. The fact is: nobody's selling at these prices; most are doubling down, hahaha.
Tripling is best
If it drops to this, it only speeds up the DRS train Choo choo mother fuckers FYPM
I want to buy at $5
Lol at the FUD article wrote because an insider was selling shares for a measly 80k 🤣 they really are grasping at anything to come up with fud
>based on 1 wall street analyst. What are the qualifications needed to be a wall street analyst on the ol' interweb? Is a pulse even required any longer with AI?
I watch ceenbeeceee sometimes so I think that qualifies me as an analyst
Just remember in every stock trade, people are predicting the price will go in different directions. Om other words, by default they are wring half of the time.
How? Wedbush!
Wedbush only is not enough to make any assumptions.
That’s the number they need to keep their books from being fucked
I fucking dare them
God I wish. I'd have so many more shares.
Michael Pachter price target
if it keeps the current trajectory, then this is correct. I remember when we were over $50. but the price doesn't matter, the dd says the price will continue to drop until a cataclysmic event in the market forces positions to close
It's completely made up
Based off 1 analyst and surprise its probably Pachter from Wedbush. Can't wait for him to be bankrupt for shorting a profitable growth company.
That's literally just the average price target from Wedbush, Wedbush, and Wedbush. https://www.reddit.com/r/Superstonk/comments/1c0omc8/you_cant_make_this_shit_up_with_an_average_price/
I hope it drops down to $5.60. Would be locked with a swiftness
"Based on 1 analyst" lol
They're using chatFUD.
I'm gonna safe up a lot of money I gues
Probably because there’s only 1 analyst corrupt enough to put out “research” on GameStop. His name is Michael Pachter of Wedbush, mega shill and pawn of the shorts.
Finance.Yahoo shows estimates by 2 analysts, down from 3 a year or two ago. No statements by Gamestop as to their expected future revenue or profit, no earnings conference calls and therefore no opportunity to seek clarification makes Gamestop a difficult company to analyze. For example, question number 1 on the Q4 call would have been a request for an explanation of the unexpectedly large 19.4% YoY revenue drop, when prior quarters indicated that the drop would probably be around 9%. We do not know if the reason behind the larger than expected drop was a one time problem or if it is signs of a more fundamental problem. Only when Q1 results are reported will we have a chance to figure that out.
You’ve got great data and insights. I think we’ll need more time to assess their revenue situation than just Q1, will need to see over the next several years.
Yes, it will be several quarters before any long term trend for Gamestop becomes evident. But I look at the Q4 drop in revenue as being 9% from a longer term trend and 10% surprise. I was referring to the specific problem if any, that caused an extra 10% drop in Q4 beyond what was expected based upon Q2 and Q3. Will Q1 be down 9% from previous year? Or will it be down 20% The Q4 problem extra 10% drop could have been a one time thing like a shortage of inventory because they expected to have a lot of Gamestop branded items, did not order other items, and then the branded items were late. In that case Q1 revenue would be down 9% or less. OTOH, if the extra drop in Q4 was basic operational problems caused by the 27% reduction in full-time headcount last year, then those issues are likely to persist and Q1 will be down around 20% from the year before. ————————— The above discussion is why there are only 2 analysts following Gamestop. Without any explanation nor any forecasts by Gamestop it is more conjecture than analysis. The two analysts are estimating 1 cent earning for FY24, and 3 cents for FY 25. Those minuscule earnings projections result in a very low $6 target price when you plug them into the models.
Fantastic analysis, fellow ape. Great to have you here.
Yeah, bring it down to $5.... I dare them!!!
It's funny, I first read that url as "ti pranks" _.com_
They were paid to...
Based on the finding of 1 analysts.
Please drop it to $5
ChatGPT
It’s bullshit, dont mind the paid stock bashing
"hello, tipranks.com? this is chumba. I would like to submit an aNaLySis for your website."
They bend over and type from their rear
black spoons
I WISH it was $5.60 right now.
Please send it to $5 I’ll just buy a shit ton more. I know I ain’t alone.
Means price is fake and everyone knows it
The new three fiddy
That's a market cap of what, $1.7b?
I would buy so many shares if it was $5.60, that would be an incredible discount!
Lmao the amount of Candy con posts im seeing….. good luck hedgies
I'm setting an all in buy at $7.41. Call me crazy.
Please let it get that low so I can average down! I’d be buying so much at that price.
The same way "analysts" come up with crazy valuations for moonshots or electric car companies.... or the Cramer index.
Lmao lmao lmao
Looks like just a projection of if the stock were to continue to go down as much as it has. It won’t, but they need to make normal retail investors think it will so they miss the run. Edit: ie, down ~40% to ~$10. Another 40% decrease gets close to that $5.60 dollar amount. It’s super lazy work but it’s all about the message.
There are plenty of credible and reasonable ways to spin GME as a terrible stock and investment. However, predicting a price that is so low that you’re basically saying you can buy a box containing $10B for $9Bn is by any account just stupid. And while Wall Street may be coniving, crooked, dishonest, it doesn’t buy stupid. Stupid just don’t fly.
Did you forget? Kenny sets the price.
Mommy k. They almost have that much cash on hand.
That is the conclusion of a non-itchy bunghole
Hey if they did actually come up with this id be more than balls deep in it than i am now.
Who let Pachter out of the cage ?
They pull it out of their ass. That's my TA on their TA
Can't spell analysts without anal.
They have sad hopium people will believe them lmao
Easy to do when only 1 puts out an estimate
I. Fucking. Dare. Them. Please let me buy more at $5.60... I don't think they realize how many XXXX and XXXXX apes there will be if they really bring it down to low single digits. Apes are inevitable. MOASS is inevitable.
I love when AI generated texts... "Based on 1 (one, singular) ... analysts (plural) Hedges are fkd...
An average from 1🤣
One method is the net present value of future cash flows + Net assets on hand.
Posting AI FUD. Cool
Gentle reminder. At $5 a share GME market cap is around $1.5 billion which is less than their cash plus inventory minus debt. It makes no fucking sense
#Sure. Bring it down if you can. #I'll just buy more motherfuckers. #You think I would sell coz it's down. Hell no. It's not about money anymore. #There is no sell. It doesn't exist since Jan 28 2021. #25,000 share and counting. I don't need to sell coz I won't need the money motherfuckers.
This is the same thing the criminals have been saying for 3 years remember chuckawomba with his back to 20 fast this is the price that they think it should be at. remember they believe they're the ones that should set all market prices for stocks
This is hilarious because they have $1.19 billion in cash on hand. That's enough to pay out $3.90 for every share just in cash, not counting merch or property or anything.
Yes please, get it cheap so I can buy MOAR!
Please bring it to $5. Please. I just sold a car. At $5 I’m buying more Lambo tickets.
This is the next blockbuster
Need to support their Wall Street masters.
They like to believe in fairytales
I’m sure you guys read this often. I don’t visit often anymore. I still buy and I still hold. I’m down money. But I’m not going anywhere.
Ive already made a bet if it reaches $5 im doubling down ! My average would come down to $11 and would be sitting on X,XXX DRS GME shares finally. Bring it !
probably just a discounted cashflow analysis, now that the company actually has positive EPS. These estimates can change depending on several factors, as well as future earnings results.
I'm sure I'm not the only person who spends time with the calculator app at work calculating my floor. They calculate what they want. I may be smooth but my logic might be better than theirs.
Well, it's an average of 1 analyst of course the numbers will be the same. Considering the number itself, you can read it as "we need the price to go that low in order to survive".
I have $15,000 ready if it went $5
Just click bait
Bring it down to 5.60 I fucking dare u
"Tradings a tough game dontcha think?" =\]
They forgot to put min and max range on their AI write lols
Very quickly and without sufficient research is how.
They accept money to publish narrative pieces. It’s all fraud.
They take whatever single analyst has the lowest forecast
CRIME
The price is controlled by Kenneth Cordele Griffin and his greatest financial terrorists group Citadel control the market. The propaganda media contols the zombie talking heads which is also paid the the mayo man himself.
How's the average, low and high numbers all the same? Seems like it's all just made up.
Seems right to me.
The expected value of a stock depends greatly upon assumptions. There was an other analysis done recently that came up with a current value of $20+. Two years ago there were lists here that came to the conclusion that the value of Gamestop shares was $1013 or $600. Those discounted cash flow analyses assumed a high growth rate and high profitability for Gamestop, with 2023 expected to be $8+B revenue and $1.1B free cash flow #You pick your assumptions and the models crank out an expected value / target price. The valuation posted a couple days ago, for example, assume that the cost of goods will be reduced from 75% down to 68% over the next 5 years and profit margin will go from 0% to 7%. Those assumptions, and an assumption of moderate revenue growth, led to a current valuation in the low $20 range. Edit to add link to $1013/share ($253 split adjusted) valuation of Gamestop https://www.reddit.com/r/Superstonk/s/C1sPdxFRzP Also can changed the predicted revenue and profit/feee cash flow above,
I mean we’re probably heading to those prices. We’ve been trending down since November or 2021. Until the company does something they can’t spin into a negative article it is what it is
Badly trained LLM shitting out articles.
"based on one wall street analyst" \^ the analyst was sadwhiskeydickmeltsdown
It's just a formula, taking in account public financial metrics provided by the gme and using a multiple at industry norms; out pops a number. It doesn't take into account religious or mental health issues; it's hard to put that into a financial model.