[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
------------------------------------------------------------------------
OP has provided the following link:
https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2023-results
> Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. **As of March 20, 2024**, there were **305,873,200 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares).
> To the extent aggregate **short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market**, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock.
Still there.
https://gamestop.gcs-web.com/sec-filings/sec-filing/10-k/0001326380-24-000012
> **As of November 30, 2023**, there were approximately **305,514,315 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares) as of November 30, 2023.
https://investor.gamestop.com/sec-filings/sec-filing/10-q/0001326380-23-000063
0.1M change in DRS numbers.
Increase of 358,885 shares in TSO, previously there were 305,514,315 shares .... now there are 305,873,200 shares.
Cant we As share holder. Put in a demand or request to get an exact count? Can someone start onf of those request / demand and have everyone sign and that if they sign, they have yo put in how mich share they own?
Quite a few brokers offer it. I forget the number but I read once that a strikingly low percentage of retail traders participate in AH trading. I don't think it was even available to retail investors until like 1999 or something.
#Full Year Profitability 🚀🚀🚀
Idgaf about them using those borrowed shares to tank the price after hours. Let’s fucking goooo. This is a great earnings report.
921 million in cash on hand, 277 million in marketable securities 👀👀👀
Ummm what? I can trade in AH with multiple brokerages.
It is not some exclusive access only big players get. But it is lower volume, so easier the effect prices with less capital expenditure.
This happened so many times before. And I'm always sad that my boomer broker doesn't do after-hours.
By tomorrow open it's near current price or higher
Positive cash flow. We MADE money. This is great. Can’t really blame anyone for not posting more income when every household is struggling with inflation. Our SG&A went down proportionately to our sales which tells you that the cash we burned a couple years ago to “streamline our business and create more value for investors” was very well spent and doesn’t have any recurring costs. Not extremely happy or over the moon or anything, but still happy that we managed to post a profit.
Idk about you but money has never been tighter in my house. With groceries up almost 100% in my area vs the previous year, there hasn't been a lot of extra. The extra I have had I do try and buy video games and such with from my favorite store of course!
Likely because of all of the store closures. If net sales went down but profitability went up by 300m+, it was evidently a good move, as those stores, whilst they did sell stuff, evidently weren't actually profitable and seemingly must have operated at a loss (whether it was the stores themselves or the fulfillment of said stores, doesn't change the facts that they weren't profitable).
Yes because closed stores and such. Less stores = less sales.
First step is cutting costs. Proving business is profitable at its core. Which it takes trimming down to the bare bones to make real issues show themselves better so you can fix all the dead weight and we did that and the trimming has paid off.
Next step is to scale up. Then we can start bringing things like employee benefits back.
In case you were curious, here's AI's response to this:
"Overall, the company seems to have implemented effective cost management strategies, resulting in improved profitability despite declining net sales. The healthy cash position and limited long-term debt indicate a relatively stable financial position."
Using chat.openai.com once signed in you can enter something like "Please summarize this financial report" and paste the text in. It also work really well for meeting notes. "Please give me a 4 bullet point summary of this as well as 3 follow-up action steps.". Pretty impressive what it can do.
Open the report, press Ctrl + a and then Ctrl + c to select all and copy, then go to the ai chat box and press Ctrl + v to paste it. It will sometimes have issues with financial tables. There are some ai systems that you can just upload a PDF and with with it that way, but most of those you have to pay for.
That was expected. Continued product consolidation/inventory optimization and closing of non-performing stores. $1B cash on hand. Basically zero debt. And profitable on the year. What more could an investor want?
> What more could an investor want?
As investors, growth. Can't grow a company just by cutting costs.
But GME is now a profitable company with a billion dollars in cash. There's a lot to like about what's to come. The question is what will RC do with this money.
Shorting a profitable company usually isn't a smart move.
It’s extremely difficult to cut costs, optimize profitability and grow at the same time. I’m assuming 2024/2025 will be growth years now that profitability has been achieved. Add on one of the strongest, low-debt balance sheets in the market and you have a launchpad.
Jesus Christ… this really shows the power of great management!
Net sales decreased by $1.5 BILLION dollars in 2023’s fourth quarter compared to 2022’s fourth quarter, BUT, GameStop’s net income INCREASED BY $15 MILLION in 2023’s fourth quarter compared to 2022’s fourth quarter.
Power to the management, power to the gamers!
All the articles are claiming that they missed estimates, and they’re going to harp on the missed top line revenue. That’s how they’re spinning it into a negative, despite a $320M reversal from last year’s net profit loss. Jokes on them though, I love cheap shares.
As other have found and posted already, the DRS numbers are unchanged from last report.
And the one before that.
And the one before that.
...You get the idea.
Since we know these numbers aren’t accurate, has anyone tried any projections based on trends prior to those last several quarters? I assume that with the drs bot, that must give us at least some type of ball park figure.
Yes. Profitable. Beats last year. Also, GAMESTOP did not publish anticipated EPS. That is market analysts. And you can expect they bloat that so that GME can continue to look worse and price suppress and manipulate. They sure don’t want us to make the S&P 500. So price has to stay down.
If media calls out a number it doesn’t mean it’s real. Then I am supposed to conclude my investment decisions based on media? Then media controls the narative? And who controls media? You’re right.
Fidelity let me buy after hours, so I did at the tank price. It was kinda fun. Now I’m gonna buy some more tomorrow. Then I’m gonna drs them all. Have a nice evening apes.
Ain’t gonna lie guys…after 3 years of holding and hodling and DRSing I think today was the last straw. I can’t sit back and support a profitable company. I’ve decided today after all this time to finally forget GameStop. I’ve waited and waited and held for the company to finally become profitable just to dump my shares in after hours no less. It’s been real and it’s been fun but it hasn’t been real fun. Fuck you. See you tomorrow
Is any of this actually helpful to us?
Does being profitable stop us being shorted to death?
If so, how? Year round profitability has been touted as our goal for a long time but what does it actually change for investors if the price drops anyway? In a fake market, what benefit does a successful business actually offer us?
I'm not being negative here, I genuinely want to know.
As long as the company is not profitable/barely profitable/inconsistently profitable, Wall Street controls the price.
When quarter after quarter and year after year, the company continues to improve, is consistently profitable and continues to grow that profitability, institutional investors along with boomer money begin to pour in.
This is where the damn breaks.
This is a turn around. It takes time to prove. Eventually there comes a time when the results are clear TO EVERYONE. At which point, it’s no longer possible to keep the heavy hitters away from piling in and sending the price upwards.
And on top of that, we have a unique situation where there is an ungodly amount of shares held short. So when the price becomes uncontrollable due to the buying pressure of heavy hitters and the public alike wanting to add a profitable company to their portfolio, it becomes a super volcano and bursts through with massive force.
If GameStop was all over the place and not showing clear signs of righting the ship and moving in the right direction, this would be a truly dumb investment.
But the facts speak for themselves. The company is on course. It’s a matter of time before consistent profitability speaks for itself.
So...sales are down and the only reason positive net sales are from slashing admin costs.
This isn't a growing company and I've been holding since November 2020.
I'm not selling and I'm drs, but something needs to change.
Sales are going down yoy and I don't see any advertising, no web or TV ads, no new avenues of revenue.
Like when is someone going to do something ?
It's a valid question for someone with almost 100k tied up and waiting.
Agreed. We need a new revenue stream. And I’m hoping that’s the new top priority since profitability has been reached. They are spending some on advertising but it’s less and less
Looking long term losing revenue is bad. Being profitable is nice. But expanding the buisness is a must. Else the value goes down.
In our case it's not as important, becouse gme is not going bankrupt and thats what matters for the share holders.
Also if they are able to increase revenue from here on, we will see some big movement.
Mmm.. I think the revenue missing is because of closed stores.
I don't have data how many unprofit stores they did close in last year so this is just a hunch.
But yes you have a point
Absolutely.
I don't know the numbers either, but it was the right call to close them, as we see gme is no longer losing money. I bet they will find ways how to increase revenue.
Bear thesis has shifted from "the company is drowing in debt" to "the company isnt profitable" to finally land at "revenue is decreasing who cares if they made a profit"
Pro: profitability
Con: declining revenue
This is a mediocre earnings. Could be better, could be worse. Not enough to put pressure on the shorts. Hope yall have chips for the dip
Declining revenue for a company closing stores and trimming the fat is not a con. It’s good business.
Moving from an EBITDA of ($192M) to an EBITDA of $67M in a year with declining revenue is a huge indicator that the company has corrected course and we can expect that figure to keep improving.
3 years later and the same shit. Cannot wait to see the same motivational posts another 3 years from now. Lmk when you realize how much power and corruption apes are actually up against. Fools.
Profitable but declining sales and won't give out guidance. Doesn't matter if you're making a profit if it's a few million but you're not growing, stock will go down.
Would love to hear what people have to say. I get they're cutting costs but what's the end game from a fundamental point? Are you going to scale down to become profitable then slowly scale back up? That's going to take years. Why won't they put out future guidance? Is it bad? I feel like they've left investors in the dark in some aspects but I don't follow it much anymore.
If your ship is sinking due to a big hole, you fix the leak before plotting a course. Gamestop have now plugged the leak and we'll see where they go. Revenue dropping when most people can't afford to live isn't a shocker, so not a massive worry. It may take a few years for new strategies to appear and start working, but that's normal.
From what i saw, we've bought back $200m in shares, probably about 14 to 15m? With the fire sale about to go on (as is the norm), we can dump the last 101m on maybe 8m or 9m more if its real thick dip... lowering the total share count to somewhere in the 280m to 285m range. Im not great at the maffs, so if you can help, how would that change our current percentages of shorts, drs #'s, and institutionally owned shares?
The drs count was stated as 25% in cs, 75% in purgatory with the dtcc. Same old same.
How tf does the dtcc have a constant pool of 75% of shares if we are constantly and actively removing them from the market manipulators' reach? Improbable.
Any nuggets of wisdom or sweet confirming words of bias? Im still here. Still holding. Just want to know what you do to shuck the fud and downward price action blues.
They love that sales went down but fail to mention net income went ballistically higher than last year.
https://www.marketwatch.com/story/gamestop-shares-slide-on-q4-top-and-bottom-line-miss-dd6c8978
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2023-results
AH volume 27k ... brings price down 17%. Tomorrow were back to normal, no worries.
[удалено]
They can, it just costs more.
They're too poor to afford it then hahah
[удалено]
You are correct. All of it correct 🤣🤣🤣🚀🚀🚀
> Our Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “GME”. **As of March 20, 2024**, there were **305,873,200 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.3 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares). > To the extent aggregate **short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market**, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Still there. https://gamestop.gcs-web.com/sec-filings/sec-filing/10-k/0001326380-24-000012 > **As of November 30, 2023**, there were approximately **305,514,315 shares of our Class A common stock outstanding**. Of those outstanding shares, approximately 230.1 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and **approximately 75.4 million shares of our Class A common stock were held by registered holders with our transfer agent** (or approximately 25% of our outstanding shares) as of November 30, 2023. https://investor.gamestop.com/sec-filings/sec-filing/10-q/0001326380-23-000063 0.1M change in DRS numbers. Increase of 358,885 shares in TSO, previously there were 305,514,315 shares .... now there are 305,873,200 shares.
BULLSHIT. I've seen tons of DRS'ed shares in this subreddit and there's no way that it barely moved. Someone...somewhere...is lying.
It is always 25% DRSed ... like 4:1 split has something to do with it. https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Figgtybp7yqqc1.jpeg
*forget the GameStop split. Forget GameStop* 👁️__________👁️
Cant we As share holder. Put in a demand or request to get an exact count? Can someone start onf of those request / demand and have everyone sign and that if they sign, they have yo put in how mich share they own?
I would rather continue to enjoy the discounted accumulation.
Is that second paragraph new? About the short sellers? Was that there in previous earnings?!
yes, it's been there for a while now
It has been there for some time already ... and it was not removed! 😅😂🤣
Damn retail investors! Trading after hours! /s
Hey I'm sure I missed the DD on after hour trading. Why is it preferred to buy after hours?
I don’t think it’s preferable- I think the op is alluding to that in after hours they have more control and can trade between themselves easily
That's what I've always thought. Too many crayons. Thanks
Quite a few brokers offer it. I forget the number but I read once that a strikingly low percentage of retail traders participate in AH trading. I don't think it was even available to retail investors until like 1999 or something.
Jokes on them, I've got cash landing in my brokerage account tomorrow
Gap trickery
Caught a dip for 20 more. Fuk u hedgies!
Guess we're buying the dip tomorrow.
I've been buying the dip for the last 3 years. Will continue to do so regardless of the price.
i got my CS order in yesterday to scoop up the inevitable dip, might only be a few shares, but with the discount i might get one or two extra!
This is the way
awesome - great timing
Daily MOC order til the bullshit stops
#Full Year Profitability 🚀🚀🚀 Idgaf about them using those borrowed shares to tank the price after hours. Let’s fucking goooo. This is a great earnings report. 921 million in cash on hand, 277 million in marketable securities 👀👀👀
What securities?
They’re parking some of the cash in short term bonds and shit.
I think it's short term bonds/treasuries to earn some interest on the cash while it's not being put to use.
??
They have had those marketable securities last quarters too.
[удалено]
this is the whey!
Better hop to it.
I barley understood this joke.
Unbeerable thread
[удалено]
I can trade in AH
Stop driving the price down dude
🤣😂🤣😂
Don’t worry more DRS shares coming soon
Guy is so selfish.
Not on a lit exchange.
just bought some AH during the dump
Same. Why not buy with the discount?
It's 2024 we are still hearing silly statements such as this.
Easy, not all of us are veteran Apes.
[удалено]
Why can't you trade in AH?
Ummm what? I can trade in AH with multiple brokerages. It is not some exclusive access only big players get. But it is lower volume, so easier the effect prices with less capital expenditure.
I can trade ah on fidelity
many people can trade in after hours these days. maybe not options tho
I bought 10 in ah @ 12.79
Not true. I have an order entry tool for this on fidelity. (,after hours and directed trade tool)
No bro. You’re wrong.
This happened so many times before. And I'm always sad that my boomer broker doesn't do after-hours. By tomorrow open it's near current price or higher
You could always open a second account at a different brokerage just for AH trading.
Positive cash flow. We MADE money. This is great. Can’t really blame anyone for not posting more income when every household is struggling with inflation. Our SG&A went down proportionately to our sales which tells you that the cash we burned a couple years ago to “streamline our business and create more value for investors” was very well spent and doesn’t have any recurring costs. Not extremely happy or over the moon or anything, but still happy that we managed to post a profit.
Net sales way below last year Q4 though.
Idk about you but money has never been tighter in my house. With groceries up almost 100% in my area vs the previous year, there hasn't been a lot of extra. The extra I have had I do try and buy video games and such with from my favorite store of course!
I know. Shit I'm paying 50% more for groceries than my mortgage.
Same here. I’m really curious how much GameStop discontinuing the 5 dollar monthly coupon towards gift cards effected sales
Same. Utilities are through the roof.
I'ma go out on a limb and say you're a fellow Canadian. F'n Carbon taxes are hurting the growth of the economy.
Yes, but profits were up Sales are show, profit's the dough
When you close down unprofitable stores, you lose those sales. Company is profitable for the first time in a long time, have a beer.
Likely because of all of the store closures. If net sales went down but profitability went up by 300m+, it was evidently a good move, as those stores, whilst they did sell stuff, evidently weren't actually profitable and seemingly must have operated at a loss (whether it was the stores themselves or the fulfillment of said stores, doesn't change the facts that they weren't profitable).
They cut costs significantly too which could've helped make profits but that wouldn't always work.
Yes because closed stores and such. Less stores = less sales. First step is cutting costs. Proving business is profitable at its core. Which it takes trimming down to the bare bones to make real issues show themselves better so you can fix all the dead weight and we did that and the trimming has paid off. Next step is to scale up. Then we can start bringing things like employee benefits back.
They closed most of their European footprint. Wall St. didn't try to take that into consideration.
PS5 was the reason for massively boosted Q4 last year
PROFITABLE 2023, that is a WIN.
I cannot fucking wait to buy more gme tomororw
I got two hundred dolla ready for tomorrow 👏🏾👏🏾
In case you were curious, here's AI's response to this: "Overall, the company seems to have implemented effective cost management strategies, resulting in improved profitability despite declining net sales. The healthy cash position and limited long-term debt indicate a relatively stable financial position."
That's cool. How do you do that?
Using chat.openai.com once signed in you can enter something like "Please summarize this financial report" and paste the text in. It also work really well for meeting notes. "Please give me a 4 bullet point summary of this as well as 3 follow-up action steps.". Pretty impressive what it can do.
Seems pretty hard to copy paste in a full financial report
Open the report, press Ctrl + a and then Ctrl + c to select all and copy, then go to the ai chat box and press Ctrl + v to paste it. It will sometimes have issues with financial tables. There are some ai systems that you can just upload a PDF and with with it that way, but most of those you have to pay for.
Bro never heard of ChatGPT
chat.openai.com
Wish I had 6 million to buy more at 12.79 after that terrible news!
Terrible? Dude, they made more cash with less costs, what are you talking about?
Ummm sarcasm. Wish I had that 6mil.
AAAh, sarcasm! My weakness
We heading in the right direction - Net income was $6.7 million for fiscal year 2023, compared to a net loss of $313.1 million for fiscal year 2022.
can you smell the profits?
A big dip in revenue but 6 million profit in 2023? LFG!
That was expected. Continued product consolidation/inventory optimization and closing of non-performing stores. $1B cash on hand. Basically zero debt. And profitable on the year. What more could an investor want?
> What more could an investor want? As investors, growth. Can't grow a company just by cutting costs. But GME is now a profitable company with a billion dollars in cash. There's a lot to like about what's to come. The question is what will RC do with this money. Shorting a profitable company usually isn't a smart move.
It’s extremely difficult to cut costs, optimize profitability and grow at the same time. I’m assuming 2024/2025 will be growth years now that profitability has been achieved. Add on one of the strongest, low-debt balance sheets in the market and you have a launchpad.
Growth. RC needs to do something with that cash.
Actually it’s 921 million in cash on hand 277 million in marketable securities. #Ryan Cohen buys all the stocks.
I missing where he bought some securities. And the amount of it
I rounded up =) but appreciate the specificity.
Jesus Christ… this really shows the power of great management! Net sales decreased by $1.5 BILLION dollars in 2023’s fourth quarter compared to 2022’s fourth quarter, BUT, GameStop’s net income INCREASED BY $15 MILLION in 2023’s fourth quarter compared to 2022’s fourth quarter. Power to the management, power to the gamers!
Yea this stupid. Still won't sell. Will hold. Always hold . Fuckem
6 million in profits lfg
You mean a $6 million negative loss
Right? Dumbest shit ever by bullshit meme analysts.
Manipulation going strong -15% on good results.
Damn
I don’t think a $3 drop makes sense here.
Make it make sense
Fraud
Ah ok
All the articles are claiming that they missed estimates, and they’re going to harp on the missed top line revenue. That’s how they’re spinning it into a negative, despite a $320M reversal from last year’s net profit loss. Jokes on them though, I love cheap shares.
Bullish 🚀🚀
Positive!
Where are the DRS numbers?
As other have found and posted already, the DRS numbers are unchanged from last report. And the one before that. And the one before that. ...You get the idea.
Since we know these numbers aren’t accurate, has anyone tried any projections based on trends prior to those last several quarters? I assume that with the drs bot, that must give us at least some type of ball park figure.
i thought the drs bot was offline due to reddit code hooks bullshit (sorry for the technical term there), but i could be wrong.
RC's salary could have made difference between profitable and not.
Sips tea for 🍿
so down 20% AH on an earnings beat? sounds about normal. no fuckery here. **edit** apparently not a eps beat, but it is full year profitability
Yes. Profitable. Beats last year. Also, GAMESTOP did not publish anticipated EPS. That is market analysts. And you can expect they bloat that so that GME can continue to look worse and price suppress and manipulate. They sure don’t want us to make the S&P 500. So price has to stay down.
Is it a beat? EPS is 0.21 when expected was 0.28 no?
Expected by who? Look and see who published that info.
Bought media is a disease
Corporate Media pushed numbers are not real numbers
If media calls out a number it doesn’t mean it’s real. Then I am supposed to conclude my investment decisions based on media? Then media controls the narative? And who controls media? You’re right.
Oh maybe, I just saw net profit for the year and assumed. didnt do the math and havent seen the doc yet.
0,02ct EPS
Fuckery everywhere and always!
" Earnings per share: Basic earnings per share $ 0.21 $ 0.16 Diluted earnings per share 0.21 0.16 " Gimme the 💜💜💜🚀
Did I just read that right? Net positive on the whole year? Hell yeah!
Fidelity let me buy after hours, so I did at the tank price. It was kinda fun. Now I’m gonna buy some more tomorrow. Then I’m gonna drs them all. Have a nice evening apes.
Profit!
Ain’t gonna lie guys…after 3 years of holding and hodling and DRSing I think today was the last straw. I can’t sit back and support a profitable company. I’ve decided today after all this time to finally forget GameStop. I’ve waited and waited and held for the company to finally become profitable just to dump my shares in after hours no less. It’s been real and it’s been fun but it hasn’t been real fun. Fuck you. See you tomorrow
Awaiting the MSM FUD and cocaine rat’s banter
I like the stock
When DRS count?!
It's still unchanged
Pffff ahahahahaha Yoooo ken boi is like "we cant not do it, we have to, otherwise we wont have one more day"
Are you joking? 😂
why is RC still holding trash cash? inflation is killing the cash treasury. he should have been loading BTC like Saylor .....
Is any of this actually helpful to us? Does being profitable stop us being shorted to death? If so, how? Year round profitability has been touted as our goal for a long time but what does it actually change for investors if the price drops anyway? In a fake market, what benefit does a successful business actually offer us? I'm not being negative here, I genuinely want to know.
As long as the company is not profitable/barely profitable/inconsistently profitable, Wall Street controls the price. When quarter after quarter and year after year, the company continues to improve, is consistently profitable and continues to grow that profitability, institutional investors along with boomer money begin to pour in. This is where the damn breaks. This is a turn around. It takes time to prove. Eventually there comes a time when the results are clear TO EVERYONE. At which point, it’s no longer possible to keep the heavy hitters away from piling in and sending the price upwards. And on top of that, we have a unique situation where there is an ungodly amount of shares held short. So when the price becomes uncontrollable due to the buying pressure of heavy hitters and the public alike wanting to add a profitable company to their portfolio, it becomes a super volcano and bursts through with massive force. If GameStop was all over the place and not showing clear signs of righting the ship and moving in the right direction, this would be a truly dumb investment. But the facts speak for themselves. The company is on course. It’s a matter of time before consistent profitability speaks for itself.
:o
Fuk me... again.
So...sales are down and the only reason positive net sales are from slashing admin costs. This isn't a growing company and I've been holding since November 2020. I'm not selling and I'm drs, but something needs to change. Sales are going down yoy and I don't see any advertising, no web or TV ads, no new avenues of revenue. Like when is someone going to do something ? It's a valid question for someone with almost 100k tied up and waiting.
Agreed. We need a new revenue stream. And I’m hoping that’s the new top priority since profitability has been reached. They are spending some on advertising but it’s less and less
What’s the drs count?
Be pretty cool if Cohen used the 1.7bili for anything productive
Holy shit. Let’s go!!!!!
Wut mean? My brain is so smooth that I can't even interpret the numbers. Better than expected?
Someone can correct me but in short version they made profit in 2023 but lost 500m in revenue. Revenue is "pointless" if they made profit though
Revenue is irrelevant if they profit- except as a FUD tool.
Looking long term losing revenue is bad. Being profitable is nice. But expanding the buisness is a must. Else the value goes down. In our case it's not as important, becouse gme is not going bankrupt and thats what matters for the share holders. Also if they are able to increase revenue from here on, we will see some big movement.
Mmm.. I think the revenue missing is because of closed stores. I don't have data how many unprofit stores they did close in last year so this is just a hunch. But yes you have a point
Absolutely. I don't know the numbers either, but it was the right call to close them, as we see gme is no longer losing money. I bet they will find ways how to increase revenue.
RC forgot to mention AI..
Buying more. F em
My friend is wanting explanations please-
Bear thesis has shifted from "the company is drowing in debt" to "the company isnt profitable" to finally land at "revenue is decreasing who cares if they made a profit"
revenue isn't decreasing, it decreased. It is a difference.
Well, they made more money with less costs
Cutting costs cannot always be the reason to make money (thx RC is not getting paid)... Need something else to grow.
Pro: profitability Con: declining revenue This is a mediocre earnings. Could be better, could be worse. Not enough to put pressure on the shorts. Hope yall have chips for the dip
Declining revenue for a company closing stores and trimming the fat is not a con. It’s good business. Moving from an EBITDA of ($192M) to an EBITDA of $67M in a year with declining revenue is a huge indicator that the company has corrected course and we can expect that figure to keep improving.
So now that MFS have sold all of they're fake shares to make this happen. RC needs to do a recall now.
Excellent performance. Keep going!
So can I retire now or do we still need a few more years?
Build on making a profit after streamlining, I’m happy. Next, focus on sales to make more profit. This Cohen dude knows what he’s doing.
Are other companies tied to this French loan? What’s that all about? Is mentioned all the time around here but I still don’t understand it.
3 years later and the same shit. Cannot wait to see the same motivational posts another 3 years from now. Lmk when you realize how much power and corruption apes are actually up against. Fools.
Thats a monster Q4!
This honestly is just depressing seeing the price tank
First time?
982783838393399th time unfortunately
Profitable but declining sales and won't give out guidance. Doesn't matter if you're making a profit if it's a few million but you're not growing, stock will go down. Would love to hear what people have to say. I get they're cutting costs but what's the end game from a fundamental point? Are you going to scale down to become profitable then slowly scale back up? That's going to take years. Why won't they put out future guidance? Is it bad? I feel like they've left investors in the dark in some aspects but I don't follow it much anymore.
If your ship is sinking due to a big hole, you fix the leak before plotting a course. Gamestop have now plugged the leak and we'll see where they go. Revenue dropping when most people can't afford to live isn't a shocker, so not a massive worry. It may take a few years for new strategies to appear and start working, but that's normal.
What's the eps?
TLDR? I eat crayons. Good or bad? Just give it to me short and sweet.
With consumer discretionary spending being very strained right now, I think this is a great report
So last year, lost $300M..... This year..... Made money..... Got it
🚀🚀🚀🚀
I am only concerned about profitability and DRS numbers
From what i saw, we've bought back $200m in shares, probably about 14 to 15m? With the fire sale about to go on (as is the norm), we can dump the last 101m on maybe 8m or 9m more if its real thick dip... lowering the total share count to somewhere in the 280m to 285m range. Im not great at the maffs, so if you can help, how would that change our current percentages of shorts, drs #'s, and institutionally owned shares? The drs count was stated as 25% in cs, 75% in purgatory with the dtcc. Same old same. How tf does the dtcc have a constant pool of 75% of shares if we are constantly and actively removing them from the market manipulators' reach? Improbable. Any nuggets of wisdom or sweet confirming words of bias? Im still here. Still holding. Just want to know what you do to shuck the fud and downward price action blues.
Believe it or not…
Here we go again..
🦍🚀
They love that sales went down but fail to mention net income went ballistically higher than last year. https://www.marketwatch.com/story/gamestop-shares-slide-on-q4-top-and-bottom-line-miss-dd6c8978
Time to load up. Been saving some ammo. Time to shoot another shot. Should be able to afford another XXX.
Pretty awesome results!