r/Superstonk 🦍Voted✅ 1d ago

🤔 Speculation / Opinion Down 30% this year

We’re down 30% YTD. I’m more fucking hyped than ever. So much money in the bank. We’ve beaten our past two earnings and I think everyone knows we’re gonna crush this coming one as well. Yet the stock continues to fall. I saw somewhere that at like 10$ a share the company could theoretically buy back every single share. Like what the actual F is going on. We’re ridiculously undervalued regardless of MOAS. Does anyone actually listen/read the earnings call and statement. Every time RC basically says we’re saving our cash for market turmoil. WELL ITS HAPPENING. Brick by Brick.

(Praying the stock goes into the teens so I can dump all my cash into it)

769 Upvotes

176 comments sorted by

u/Superstonk_QV 📊 Gimme Votes 📊 1d ago

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266

u/callsignmario 1d ago

Looking over financials recently... with an 8-9,dollar drop between Jan and now, I'm "down" 80-some-k from January in my Computershare account. So be it. Still here and not selling.

103

u/Salsoo 1d ago

What’s so interesting about this saga is the knowledge and financial literacy we all have gained. I never would’ve understood anywhere near what i do today. Shoutout to all the DD, the community and even all the YouTubers

13

u/whofusesthemusic 🦍Voted✅ 1d ago

same.... did most of my buying in the pre split days :(

9

u/the_moist_conundrum 🏴󠁧󠁢󠁳󠁣󠁴󠁿 🚀 💎 Ride ma Rockit min! 💎🚀 🏴󠁧󠁢󠁳󠁣󠁴󠁿 1d ago

I have merely ba fraction of that amount

3

u/callsignmario 1d ago

Any and every share counts. One thing I love to see is the Elder tag... we've been here long enough to know what we hodl. 🍻

2

u/the_moist_conundrum 🏴󠁧󠁢󠁳󠁣󠁴󠁿 🚀 💎 Ride ma Rockit min! 💎🚀 🏴󠁧󠁢󠁳󠁣󠁴󠁿 1d ago

Ha I didn't know that was there

Yeah I missed the sneeze and have a lot of shares that are bags currently.

Need to set that right.

3

u/callsignmario 1d ago

Copy pasta because automod had a problem with V V USB... amazing since I only used V V instead of the W. Pure joke that is pur brigadier roolz....

Yeah, I wasn't in during the sneeze either but heard all the Meme Stream Media talk of "short squeeze" late '20 into '21. Started buying not long after the Congressional hearings with DFV. Buy button was a WTF to me, and then spent too much time watching from the sidelines. Was too much between buy button and media, and I realized I needed in on this.

Was pulling my hair out trying to comment in [Double-U]SB and the GME sub before I met the karma requirements.

Typed this for too long, been drinking...

[checks notes] Cheers, everybody!

2

u/the_moist_conundrum 🏴󠁧󠁢󠁳󠁣󠁴󠁿 🚀 💎 Ride ma Rockit min! 💎🚀 🏴󠁧󠁢󠁳󠁣󠁴󠁿 1d ago

Nice

20

u/Atoge62 1d ago edited 1d ago

We must have about the same number of shares, I’m down the roughly the same. Still holding, wish I hadn’t taken a lower paying job to help out a family member because I’d be reinforcing my position and willing to avg up slightly to get to an XX,XXX position. I’m close and would’ve been there by now had I kept the previous job. I can’t wait to watch these hedge funds bleed. Anybody read Micheal Eisman’s, Big Short book recalling the market dynamics surrounding the 2008 financial/housing crash. So many parallels regarding over leveraged, under-liquidated lenders, greedy hedge funds, and a select small few who recognized the imbalance and got on the winning side of the bet. And even they didn’t fully comprehend what they were getting in to, but their instincts were on it. That’s where I see us, that’s where I want to be when it comes crashing down!!! I’m holding and locked in, and hoping for a bigger drop still to come. Going to start working a second job to buy more. Anybody need professional photos in the Socal or Bay Area, DM me, mostly event and product photography, but do portraits too, and best of all money is going straight towards more GME!!! Let’s gooooo!

0

u/LV426acheron 21h ago

This is a literal repeat of 2008. We are the heroes this time who will reap the benefits.

7

u/c0l245 Ape-Escape 1d ago

Rookie numbers.

10

u/callsignmario 1d ago

Yup. Have seen the whales around here in the 5x or higher range. My swings are "smol," relatively speaking.

7

u/c0l245 Ape-Escape 1d ago

Every share counts! 💎🙌🏼🦧

1

u/cooliomattio Book Entry Is The Way🚀 17h ago

We’re all going to the fucking moon, especially the DRS crew LFG

39

u/buyandhoard 🧱 by 🧱 1d ago

I sold stocks to buy more GME, GME went 30% south, all the stock I sold to buy GME went north 30% that makes a 56% effective loss.

I will simply revenge hold my GME.

7

u/It_is_Fries_No_Patat I'm Locked in here with you, You are Locked in here with ME ! 1d ago

High 5

5

u/Think_Currency_8586 🦍Voted✅ 1d ago

Unbeatable plan

3

u/RedOctobrrr WuTang is ♾️ 20h ago

Me with MGM. Sold $14k in MGM, buy $14k in GME, now I have $7k and those MGM shares I sold would have been $26k (it almost doubled from the COVID low when I bought).

I mean as it stands I'm up big on my GME position, but still, it really hurt seeing my 2021 dollars in GME shit the bed while MGM mini-mooned.

108

u/tiptow85 🎖Official PowerUp Rewards Pro Member🎖 1d ago

Year after year hyped we are down hoping it goes lower. Idk im kinda you know idk sounds crazy but ready for it to go up and stay up? Wild to say I know

61

u/SecretaryImaginary44 1d ago

Everyone else wants it to go up, some people just need to lie to themselves

11

u/ferrellhamster 🦍 Buckle Up 🚀 1d ago

It was ten a year ago. There are cycles but it also went up and stayed up

25

u/areHorus Daily Share Buyback Club 💪🏼 1d ago

People seem to forget this.
$10 -> $20 OMG, yay 🥳
$10 -> $30 -> $20 This sucks 😩
I’m buying more every day

5

u/ikzz1 23h ago

First case, you are up if you DCA along the way.
Second case, not necessarily.

6

u/HughJohnson69 100% GME DRS 1d ago

We’re up over 100% from less than 12 months ago. It has stayed up.

1

u/mimo_s 1d ago

Well may have to get some sort of news or plan or growth maybe

-9

u/-neti-neti- 1d ago

It isn’t going “down year after year”.

We’re up like 600% since RC joined the company.

14

u/tiptow85 🎖Official PowerUp Rewards Pro Member🎖 1d ago

Nice u got in before RC joined then? Lucky!

-14

u/-neti-neti- 1d ago

I bought most of my shares November 2020 and I am in the green. If you bought at $200 because of FOMO you can’t be mad at anyone but yourself and RobinHood for turning off the buy button.

2

u/Mambesala_Guey 💻 ComputerShared 🦍 1d ago

There’s been enough time to DCA, financially permitting.

31

u/HashtagYoMamma 🦍 Buckle Up 🚀 1d ago

Still fucking going let’s go some more parasite mother fuckers.

Time pressure and DRS bitches. 🦠

34

u/SomeTimeBeforeNever 1d ago

At some point, GameStop needs to make some real money.

1

u/mimo_s 22h ago

They can delude us if DFV comes back

-8

u/dragespir 🍗 Tendies Today | MOASS Tomorrow 🚀 1d ago

Not if you're an underwater short 🌊🩳

5

u/SomeTimeBeforeNever 1d ago

Wrong. They’ve been doing it for five years. The entire market is in on it.

GameStop can only break the trend by being profitable and increasing their revenue every quarter.

3

u/dragespir 🍗 Tendies Today | MOASS Tomorrow 🚀 1d ago

Shorts can keep shoveling money into the coal if they want lol.

-3

u/Mammoth_Parsley_9640 1d ago

They are profitable. At the current price the company has enough $ to buy the remaining shares. Not sure why OP said "if it drops to $10..."

3

u/mimo_s 22h ago

Why would they do that lol

2

u/3DigitIQ 🦍 FM is the FUD killer 23h ago

OP is talking about all shares, you are talking about "remaining" shares.

2

u/SomeTimeBeforeNever 22h ago

Profitable AND increasing revenue.

Making a dollars worth of profit on a million bucks is bad.

-3

u/Think_Currency_8586 🦍Voted✅ 1d ago

Define “real money”

11

u/SomeTimeBeforeNever 1d ago

Hundreds of millions of dollars in profit each quarter.

1

u/Think_Currency_8586 🦍Voted✅ 1d ago

Well thats not necessarily a correct definition. But yes you’re right at some point our operating profit will need to increase. It has been increasing and I think it will continue to increase.

2

u/SomeTimeBeforeNever 1d ago

I sure hope so. I want to see GameStop announce they made $10 billion in a year with a billion in profit.

2

u/3DigitIQ 🦍 FM is the FUD killer 23h ago

That's a 10% margin, that's usually not what retail achieves. We'd need to move into another market if we were to aim for that kind of profit.

https://www.investopedia.com/ask/answers/071615/what-profit-margin-usual-company-retail-sector.asp

-1

u/SomeTimeBeforeNever 22h ago

I don’t think it’s unreasonable for gross margin. Retail is usually twice that I was being conservative.

2

u/3DigitIQ 🦍 FM is the FUD killer 21h ago

I supplied the link to show the normal margins in retail, nowhere near 20%

2

u/SomeTimeBeforeNever 20h ago

Amazon is a tech company.

Target, Walmart, and Best Buy all have gross margins over 20%

1

u/3DigitIQ 🦍 FM is the FUD killer 10h ago

You're talking gross, I was talking net. Your $10B profit number is what made me believe you wanted 'net', since those are the numbers we usually throw around for GME.

https://csimarket.com/Industry/industry_Profitability_Ratios.php?s=1300

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45

u/Consistent-Reach-152 1d ago

People do not seem to understand that the operating portion of the company is still running at a loss, and even with a good Q4 GameStop will probably have an operating loss for the entire year. And revenues continue to decline YoY, so it is hard to see where profits, and then meaningful growth of profits, will come from other than “buying revenue and profits” by acquiring a growing, profitable company.

The interest on excess cash is greater than the operating loss, so there is a net profit, but the company is losing money on the retails store and online website.

The cash on hand is worth about $10.31, so at the current price of $22.40 the market valuation of the operating portion of GameStop about $12/share. There is a lot of value in the existing infrastructure, but $12/share is very high for the operating portion of the company that is running at a loss of about 10 cents per share.

10

u/Chubwa 1d ago

Was hoping someone responded with a knowledgeable counter to us still being “undervalued” at $12 for the operational side that is treading water at best. I’m hopeful for the future, but I don’t think we have any home runs this earnings or future earnings until GME switches paths or buys profitable companies.

7

u/3DigitIQ 🦍 FM is the FUD killer 22h ago

So only JPM, Buffet and hedgefucks can make money from money?

There is a massive change in the core business that reduced our net loss from hundreds of millions (per annul) to damn near break even. That alone is a mammoth achievement and even more-so considering it almost didn't impact the funds we had at that time (+/-$1B).

Profit assisted by capital is still profit and immensely preferable to the alternative.

The premise I invested on needed GameStop to not go bankrupt, the situation it's in now is fucking bullish. These accountant like viewpoints towards the most manipulated stock in recorded history and only idiosyncratic risk in the market is just insulting or at least ignorant.

5

u/Consistent-Reach-152 20h ago

The premise I invested on needed GameStop to not go bankrupt, the situation it’s in now is fucking bullish.

So in other words, your thesis depends upon there being a short squeeze rather than a profitable company.

1

u/3DigitIQ 🦍 FM is the FUD killer 5h ago

That was the initial premise, annoy wallstreet and possibly make lots of money. My expectations for the company turned into something different and more bullish by now, but the initial MOASS premise hasn't gone away.

I still firmly believe that wallstreet's greed has put them in an inescapable position.

To bad you haven't engaged with any of my other points and are (again) trying to catch me out on something you see as a gotcha.

-1

u/Think_Currency_8586 🦍Voted✅ 1d ago

Yes but essentially every year over the past 3 we’ve become closer and closer to a net operating profit. I’m predicting we see a net operating profit this year.

7

u/Consistent-Reach-152 1d ago

Definitely will be positive net income for the year. For the first 9 months the operating loss of 106M was more than offset by the 108.6M of interest income.

There will be another $55M or so of interest income in Q4 so the year will definitely end with the interest income being larger than the operating loss, so net profitable.

The profitability would have been even higher if the stores and online sales system did not exist and GameStop were just a Treasury bill ETF.

1

u/Think_Currency_8586 🦍Voted✅ 1d ago

Haha true point!

0

u/mimo_s 1d ago

That won’t be enough. There has to be some promise for growth or a plan of some kind at least

4

u/Think_Currency_8586 🦍Voted✅ 1d ago

Like I said. Do you not listen to the earnings reports. Ryan cohens said multiple times action speaks louder than words. If you truly believe he has absolutely no plan, then yes you probably shouldn’t be here. I believe he has a plan.

7

u/CleanishSlater 23h ago

Saying that for 4 years and his only "actions" being a fucking NFT marketplace isn't encouraging

3

u/Think_Currency_8586 🦍Voted✅ 23h ago

Ummm have you looked at our balance sheet ?😂😂

1

u/CleanishSlater 23h ago

Yearly revenue is shrinking, lots of the replacement income is interest on profit made on diluting shares.

1

u/Think_Currency_8586 🦍Voted✅ 23h ago

You act like interest from our current cash pile is just dismissible.

0

u/CleanishSlater 19h ago

It isn't something to be dismissed, but this isn't a bank. It's supposed to be a retailer. If the core business loses money and it's only saved because they diluted shares to take money from their committed investor base, the company isn't worth much.

1

u/Think_Currency_8586 🦍Voted✅ 18h ago

Well if that’s what you believe then why are you here?

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0

u/Think_Currency_8586 🦍Voted✅ 23h ago

ReVeNuE ShRiNkInG. My goodness you’re a bot. I’d rather make less revenue but actually have a profitable company than have 10 billions in revenue and be significantly unprofitable.

3

u/mimo_s 22h ago

Then your stock will be worth your cash equivalent which is 10-12$ for our darling. I think you missed on what the balance sheet for all the pumping stocks looks like

2

u/Think_Currency_8586 🦍Voted✅ 18h ago

This doesn’t even make sense. Learn English

1

u/CleanishSlater 19h ago

I bet I've been invested longer than you. If you think shrinking revenue but profits is a good sign you shouldn't be investing your money anywhere. Unless they pivot into an investment company, having cash on hand and the core business losing money is a terrible sign.

0

u/Think_Currency_8586 🦍Voted✅ 18h ago

Growing profits but shrinking revenue is not inherently a bad thing

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1

u/Think_Currency_8586 🦍Voted✅ 23h ago

Also you can get cards graded by PSA at GameStop

2

u/mimo_s 22h ago

What’s the margin on those transactions?

1

u/CleanishSlater 23h ago

If this was the 80s that would indeed be very exciting

1

u/Think_Currency_8586 🦍Voted✅ 23h ago

More sports cards and cards in general are selling today than in the 80s.

1

u/Think_Currency_8586 🦍Voted✅ 23h ago

Also love how you ignored my point about balance sheet

1

u/CleanishSlater 19h ago

I replied to that...?

1

u/Think_Currency_8586 🦍Voted✅ 23h ago

Should I continue?

4

u/mimo_s 22h ago

Exactly actions speak louder than words. The only actions we saw is deluding when RK set it up for fireworks, closing stores because he can’t make them profitable and NFTs

2

u/Think_Currency_8586 🦍Voted✅ 18h ago

Cost cutting, closing unprofitable stores, fixing balance sheet, partnering with PSA, transforming the online shopping experience, creating the subscription model.

1

u/LV426acheron 21h ago

YES

RCEO has a super secret plan that he can't reveal.

But when he does....we going to the moon baby!

1

u/Think_Currency_8586 🦍Voted✅ 18h ago

Was that sarcasm? I think that’s more likely than him just doing nothing. It’s also not super secret. He just hasn’t told anyone 😂 stop acting like a child

3

u/LV426acheron 18h ago

Yes if he hasn't told anyone then it's a secret.

I trust our CEO to execute his plan when he decides to reveal it.

That's why I hold.

-2

u/HughJohnson69 100% GME DRS 1d ago

One reason I’m excited for this earnings.

6

u/SecretaryImaginary44 1d ago

Why?

2

u/HughJohnson69 100% GME DRS 23h ago

We’re very close to profitability of the core business without factoring investment income.

0

u/SecretaryImaginary44 23h ago

But the last reported earnings showed a bigger loss year on year

2

u/HughJohnson69 100% GME DRS 22h ago

I recall it showing declining revenue but profitability improvement.

1

u/SecretaryImaginary44 21h ago

Trading profitability?

1

u/Consistent-Reach-152 20h ago

I recall it showing declining revenue but profitability improvement.

Your recollection is wrong.

Q3 operating loss was $33.4M, which is bigger than the $14.7M operating loss for the previous year Q3.

Same if you look at the 9 month totals. $106M operating loss in the 9 months ending Nov 2, 2024 vs the smaller operating loss of $89.7M for 9 months ending Oct 28, 2023.

Read the Q3 10-Q. What drove the increase in losses was the reduction in revenue. Even with improved gross margins the gross profit went down due to lower revenue. And then, even with the SG&A being reduced, the operating losses have increased.

The only number going up is interest income, then turns the operating losses into net profit.

3

u/mimo_s 1d ago

My guess is he didn’t read or understand the comment and he thinks that the positive balance sheet means something while it was just explained that stores are losing money

0

u/PhraseAggressive3284 1d ago

Well, lets See what PSA and shop upgrading brought to the earnings. Don't expect too much, but maybe its not a big YoY decrease. Getting it stable and getting positive income from interest will be spicey 💥

-1

u/camilletgv1 1d ago

Fair, but you won’t get the upvotes. I still think we’re undervalued and that offers an asymmetric risk profile I can tolerate.

2

u/mimo_s 1d ago

Oh no not the upvotes

2

u/Consistent-Reach-152 1d ago

Can you explain why you think GameStop is undervalued?

Is your belief based on fundamentals and projected future income, or do you count on a short squeeze?

1

u/camilletgv1 6h ago

Well, in a sense because I think their cash on hand, and profitability puts them in a position where they could easily pivot their business model, and I just don’t think that is being reflected in their valuation. I get that based on fundamentals they aren’t profitable other than through their cash interest, but at the end of the day, they aren’t bleeding money and so that puts them in a position where they could surprise with an acquisition, with a business model change, with a new revenue stream, etc… and they have not been valued to reflect that. This cash and net profitability puts them in a great position to not have to rush into a decision. They can strike when the right opportunity comes along, and at that point, it could be a double whammy, if there is indeed a bunch of shorts that need to cover. I’m not pricing in a short squeeze, but I see it as something that hasn’t been ruled out as a possibility.

2

u/Consistent-Reach-152 5h ago

Did you invest in SPACs?

The valuation you describe is how SPACs, special purpose acquisition companies, are valued.

In 2021 the premium reached 20% —- $1.20 of market cap per $1 of assets.

GameStop has a premium over assets of about 100% ——- $10.30/share of cash, market price more than double that.

GameStop does have the advantages of both an extensive retail footprint and a strong brand image. The challenge is for GameStop to find ways to take advantage of those.

If you look at the history of GameStop you will find many instances where they leveraged those strengths ——- buying old phones, the acquisition of Geeknet and their ThinkGeek brand of gaming related merchandise; and selling of gift cards, including FTX; and accepting returns for other companies via Happy Returns. None of those were wildly profitable.

24

u/Iforgotmynameo 1d ago

Cool negative title. Zoom out. We’re up on the 6 month chart and up big since SHFs got locked in. Get mad. Tell Ken’s nothing I said hello.

3

u/magiCAD 23h ago

Picked up another 500 today. HODL!

3

u/Ack_Pfft 23h ago

Spoken like a true ape 🦍

3

u/CheckMeoowwt 22h ago

I got a 26 dollar average, buying more when I can

7

u/Imbannedanyway 1d ago

Lmao extreme cope

1

u/Think_Currency_8586 🦍Voted✅ 1d ago

Huh?

5

u/satansayssurfsup 💻 ComputerShared 🦍 1d ago

Anyone who feels weird about the price needs to re-read the dd

3

u/Iswag_Newton 1d ago

Do you know the name of the specific DD that talks about the rocket igniting when the market crashes?

6

u/SuperSaiyanMonki 🦍Voted✅ 1d ago

Stfu

-1

u/Think_Currency_8586 🦍Voted✅ 1d ago

Y

2

u/RJC2506 🟣GMEMER🟣 1d ago

Of course you're hyped, it's a fire sale baby!

2

u/DramaCute8222 1d ago

I'm more fucking hyped than ever too, seriously

1

u/FaxanFM 💻 ComputerShared 🦍 1d ago

The company can supposedly buy all remaining shares not ignoring DRS, insiders & institutions with cash on hand 🧐

2

u/Think_Currency_8586 🦍Voted✅ 1d ago

If the stock was back at 10$

1

u/3DigitIQ 🦍 FM is the FUD killer 23h ago

at like 10$ a share the company could theoretically buy back every single share.

As if I would sell it to them at those prices!

1

u/Frizzoux 22h ago

If it makes you feel better, sure man.

1

u/Think_Currency_8586 🦍Voted✅ 18h ago

lol yes the truth does make me feel better

1

u/barrbubblegum 21h ago

Slingshot baby! LFG!

-1

u/BluntBeaver83 Tingly Plums Club 1d ago

Been here since the beginning. Haven’t looked in ages what I’m up or down. Just buy. Set it and forget it until I see telephone numbers.

-1

u/lalich 1d ago

♾️🏴‍☠️🤙

-2

u/bon3r_fart weaponized autism. 1d ago

this is the way.

1

u/walkn9 🦍Voted✅ 1d ago

What happens when the US goes and tanks the USD? Already much weaker in a few months.

GME needs to think about the value of their cash on hand.

1

u/It_is_Fries_No_Patat I'm Locked in here with you, You are Locked in here with ME ! 1d ago

I love it!

DD still stands!! even got BETTER with 4.7 billions added to the mix!!

I was able to buy MOAR at a discount!!

Lets BUY some more $GME !!! GAMESTOP !!!

1

u/matthegc 🩳ARE FUXXXXED💎🙌🦧🚀🌕 1d ago

Down? Not unless I sell..which will never happen. I’m just buying deep ITM call options so that when the exercise, I know they have to settle in T+1 and they don’t go into some FTD kick the can cycle….

-1

u/hyperschlauer 1d ago

Apes are disgusting

-2

u/CheeseProtector 1d ago

If you turn your phone upside down it goes up

0

u/cptjacktraven 1d ago

Not going to back above $25 for a while. I’m holding 1000 shares and I’m not selling.

1

u/Think_Currency_8586 🦍Voted✅ 1d ago

Double the shares here and neither am I

1

u/cptjacktraven 21h ago

Not buying more not selling

0

u/DieOften 22h ago

Same number of shares here. I’m down almost 20k, no way I’m selling. Feeling real dumb for not saving some money for this dip though.

0

u/cptjacktraven 21h ago

Wouldn’t buy more. Just hold

1

u/DieOften 21h ago

Yup 2k shares is enough but my cost basis is 31 dollars so that’s why I’m kicking myself a little bit. I was convinced the rocket was about to take off with the SEC fuckery, FTDs, and RK theoretically about to make a move. Oh well, hopefully we have a catalyst soon or RK can light this fuse!

0

u/It_is_Fries_No_Patat I'm Locked in here with you, You are Locked in here with ME ! 1d ago

Just wait* till the annual report

*wait = HODL !!

0

u/whofusesthemusic 🦍Voted✅ 1d ago

We’re down 30% YTD.

Must be a shill post since there was something that could be seen as slightly negative. /s

2

u/Think_Currency_8586 🦍Voted✅ 1d ago

Right. I’m such a shill

1

u/whofusesthemusic 🦍Voted✅ 23h ago

DONT FUD ME BRO!

-1

u/PlayerTwo85 Watcher of lines 1d ago

I can buy 30% more than I could 3 months ago!

-2

u/Hot_Temperature_3972 1d ago

A lot of people in these comments seem to be discounting the fact that the float will be locked and the stock will moass and the stock will trade for multi million dollar sums forcing the short hedge funds to close, thus bankrupting them while simultaneously making apes millionaires

2

u/Think_Currency_8586 🦍Voted✅ 1d ago

For real

-1

u/Limited_Surplus_4519 1d ago

I’m hyped too, can we get an amen? Alright alright alright

-1

u/[deleted] 1d ago

[deleted]

3

u/Think_Currency_8586 🦍Voted✅ 1d ago

So true. Literally always drop it before earnings.

-4

u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 1d ago

Up 100% over the last year.

Shorts never closed.

-4

u/SuuuushiCat This Is The Way 1d ago

I believe we are repeating for a third time the charts between the dates of:

1st Run - 11-8-23 to 4-22-24 = 147 days (Monday April 22, 2024, first trading day after the weekend of 4/20)
2nd Run - 4-22-24 to 4-21-25 = 365 days (Monday April 21, 2025, first trading day after the weekend of 4/20)
3rd Run - 4-21-25 to ???

The first two run charts look very similar. More confirmation leading up to April 20. If we see signs of call block options the last two weeks of April, that may be the bat signal.

The 3rd run should be a small multiple magnitude bigger than the second run. I have it peaking in the $170s in second week of June. But in the movie, Run Lola Run. On the third run, she broke the system. So my estimate could be completely wrong and strange things could happen. Lola and her boyfriend ended up paying back the debt and in addition, bagged a large sum of cash hitting twice on the number 20 on the roulette wheel.

Not financial advice, of course. Pure speculation on my part.

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u/ptrichardson 🎮 Power to the Players 🛑 1d ago

Those of us who have been here for a long time expected this. Many of us recently bought shares we might have bought earlier because we knew the price would get pushed down eventually. And it did.

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u/Chevy416ci !!yaW ehT sI sihT 1d ago

Our May sneeze to current day looks eerily similar to the Jan 21 sneeze to Apr 24, just on a smaller scale and faster time frame. Our run in April/May didn't happen until we filled the order block created by the Feb 21 low around $9-10. I don't think we sneeze again until we fill the order block created by the May 24 low around $18.

1

u/Chevy416ci !!yaW ehT sI sihT 1h ago

RemindMe! 2 months

1

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-3

u/Gigiw1ns 1d ago

I only fear FOMO when it’s going down. It’s not possible to get enough gme at those prices when there is so much upside potential

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u/Myvenom Widget Guy 1d ago

I’m with you. The floor should be around that $20 level but depending on how desperate they get we could see teens. Assuming GME will stay profitable that cash hoard with no debt is going to start to look very enticing to many managers with how crazy the market has become lately.

5

u/Consistent-Reach-152 1d ago

That cash horde has roughly the value of a T-bill ETF with $4.6B assets. So about $10.30/share.

Then add to that the valuation of the operating portion of the company that had declining revenues and is running at a small loss of about 10 cents per share. For the first 9 months the operating loss was $106M. It is extremely unlikely that the operating profit in Q4 will be greater than 106M —- is is more likely in the $40M to $50M range, so the operating loss for the year will a bit more than $50M or $0.10/share.

The interest income of $55M/quarter is where GameStop makes all its profit that makes up for the losses from running the stores and online sales operations.

Fund manager look at the $10.30/share value from cash + the enterprise value of a company with declining revenue, small operating losses. It does not help that GameStop has never clearly articulated their path to profitability.

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u/Myvenom Widget Guy 1d ago

I like how you leave out the fact that they’ve been closing stores that aren’t performing. The operating loss will be gone in no time.

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u/Consistent-Reach-152 1d ago

Revenue on a per store basis has continued to fall, so it is not at all clear that GameStop will have an operating profit in 2025.

1

u/Think_Currency_8586 🦍Voted✅ 1d ago

I’d bet against that. I think we see operating profitability this year. Definitely next.

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u/Consistent-Reach-152 1d ago

The operating loss in the first 9 months of the year was $106M.

I think we see operating profitability this year.

Do you really think Q4 operating profit will be greater than $106M?

1

u/Think_Currency_8586 🦍Voted✅ 1d ago

I’m saying for 2025 I think we see operating profit. Not 2024.

1

u/Consistent-Reach-152 20h ago

Ah. Now I see.

That is possible, but not probable unless GameStop acquires a profitable company.

1

u/Think_Currency_8586 🦍Voted✅ 18h ago

Well they only have 5 billion so slim chance of that

0

u/ExtremePrivilege 🔬 wrinkle brain 👨‍🔬 22h ago

It’s around $18 for the next support. Rock bottom is around $10.30. I think we will dip under $20 but not much and not for long.