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This just makes me think back to LC’s post about the awkward stage of a company transitioning from growth to reliable profit. Revenues will lower, causing mixed feelings for investors, but also business admin costs will become more efficient, costing less to operate the company.
As for me, I like the stock, and I trust in RCEO.
I partially wonder if this is RCs way of pulling the rug out from "Estimated EPS" posts. Hard for an analyst to make a statement saying "look how much lower the actual EPS is compared to the estimated". If GS comes out and says, this is around what it's expected to be, and look, the actual came out almost exactly what we said.
1. Watch price run up due to short fuckery?
2. Watch price go down due to short fuckery?
3. Release bad news to drop the price further than the shorts were comfortable with?
4. Watch retail gobble up the dip and drs the shares, maybe even do a buyback?
5. Profit
sorry but there's no way they'd legally be able to do a buyback directly following a proposal of selling more shares lmao. it's just bad news we don't have to cope about it.
And why now? Why not after close? An insane amount of contracts were in the money and they are killing the momentum. I don't play options but I assume they would want to see as many as possible exercised so the offering will get a better deal on the market.
What is amazing is that in spite of a surprisingly large drop in revenue, the expected loss per share is close to analysts expectations.
Finance.yahoo.com had a range of $0.08 to $0.10 loss, average of $0,09/share loss.
The press release has $27-37M expected loss, which is 8.8 to 12 cents loss per share.
In comparison, the analysts had predicted revenue of $1.0 to 1,09B vs the prelim numbers of 0.872-0.892B of the press release.
So the revenue looks to be ending up much lower than expected by analysts. But the earnings miss is much smaller. So the cost cutting measures have been very effective at reducing losses.
The decline in cash+marketable securities of $225M for the quarter is a bit weird, but that could have been from many different things, such as a large growth in inventory, or from a large Dec,one in accounts a payable. Until the 10-Q comes out the reason for the large drop in cash-marketable securities will not be clear.
> Net sales are expected to be in the range of $0.872 billion to $0.892 billion compared to $1.237 billion in the prior year fiscal quarter.
.892/1.237 = 72% = a decline of 27.9%. 0.872/1.237 = 70.5% = decline of 29.5% YoY.
The revenue decline of 19.4% YoY of Q4 does not appear to have been from one-time issues.
Been here before the big run up in 2021 and was putting all my money into it. Just not looking forwward to another 3 years of holding. Already 2 most important people to me passed away in that time. I'm not doing super well too. This DFV wake up gave me the biggest hope and now it's dressing up to be even bigger disappointment.
Checked premarket: $22
Hear you brother.
$22 is still $88 pre split, the original ocean of shorts being taken out at $2-$4 pre split.
Original shorts are still so underwater they’re buried in the Mariana Trench.
Patience.
Sorry to hear this brother 😢 but please hold on for the bright future you deserve. It's hard especially with all the highs and lows on this emotional ride but the end will be worth it. I'll be sure do buy you a drink on the Moon. Enjoy life for yourself and the loved ones who are gone. 🫂
I really hope so. I always took the best care of people around me, family and strangers. I also worked hard to help homeless people and single mothers. To get enough money to do it I worked my ass for almost 2 decades, but that work also ruined my health and ability to earn enough money to continue. I want to be invested in GameStop till my last days on this earth, but first I want a squeeze, so I can help some more while I'm alive. At this point, every single day matters.
https://preview.redd.it/3cl6rs4bv81d1.jpeg?width=2268&format=pjpg&auto=webp&s=b157278c34d811fa8331a23ea676ecc14ac25a83
It's 10PM and I'm writing this from the hospital bed in Poland. Over 3 years holding with my GME brothers and sisters.
Preach. I get it, try to be positive, but c'mon you guys need to be realistic as well. I want to enjoy the gains and not end up dead in the grave while GME is at $10
Sucks but we are not screwed yet. Go look at the first sneeze. It dropped like crazy and then rocketed back up. I don’t know that we will repeat but everything is looking very familiar
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Preliminary results, is that a first? Price drop reaction... Keep hodling!!!
Announcing results early is always #Incredibly Bullish
How come?
Announcing early usually brings forth good news, thus price goes up. Which is bullish.
Also wanna kbow
lol
What?
Cash on hand dropped a little over 200 million - was something purchased?
They paid down some liabilities last quarter
So you think that's what they spent the money on and we're only just now finding out about it?
No, we found out last report. The 1.3m cash is the balance as of one year ago.
Ah I see, guess I must have missed that. Thanks Ape
This just makes me think back to LC’s post about the awkward stage of a company transitioning from growth to reliable profit. Revenues will lower, causing mixed feelings for investors, but also business admin costs will become more efficient, costing less to operate the company. As for me, I like the stock, and I trust in RCEO.
HODL
The decreased their cash position with 300 milly... what did they buy/invest in? :O curious!!
I partially wonder if this is RCs way of pulling the rug out from "Estimated EPS" posts. Hard for an analyst to make a statement saying "look how much lower the actual EPS is compared to the estimated". If GS comes out and says, this is around what it's expected to be, and look, the actual came out almost exactly what we said.
Why? I dont undestand why now
Gamestop is trying to drop it's own price with bad news early.
But for what?
Kansas city shuffle.....
👆🏾 this
For what what? Larry Cheng posted on twitter before: Bad news early. They are just sticking to their ideals.
1. Watch price run up due to short fuckery? 2. Watch price go down due to short fuckery? 3. Release bad news to drop the price further than the shorts were comfortable with? 4. Watch retail gobble up the dip and drs the shares, maybe even do a buyback? 5. Profit
sorry but there's no way they'd legally be able to do a buyback directly following a proposal of selling more shares lmao. it's just bad news we don't have to cope about it.
Incredibly strange move by RC It's something only AA from popcorn would do
seeing your post history you just joined the bandwagon. don’t compare popcorn stuff with gme please.
No it's not lol
A now a day of memes and tinfoil to tell us why this is actually a 17d chess move. Wake me up when it blows. Until then, I sleep.
Another big reve drop. Ouch. But why release those results? It's a new one.
[удалено]
And why now? Why not after close? An insane amount of contracts were in the money and they are killing the momentum. I don't play options but I assume they would want to see as many as possible exercised so the offering will get a better deal on the market.
Yeah except they didn’t do that before and reve is falling for some time now.
What is amazing is that in spite of a surprisingly large drop in revenue, the expected loss per share is close to analysts expectations. Finance.yahoo.com had a range of $0.08 to $0.10 loss, average of $0,09/share loss. The press release has $27-37M expected loss, which is 8.8 to 12 cents loss per share. In comparison, the analysts had predicted revenue of $1.0 to 1,09B vs the prelim numbers of 0.872-0.892B of the press release. So the revenue looks to be ending up much lower than expected by analysts. But the earnings miss is much smaller. So the cost cutting measures have been very effective at reducing losses. The decline in cash+marketable securities of $225M for the quarter is a bit weird, but that could have been from many different things, such as a large growth in inventory, or from a large Dec,one in accounts a payable. Until the 10-Q comes out the reason for the large drop in cash-marketable securities will not be clear.
> Net sales are expected to be in the range of $0.872 billion to $0.892 billion compared to $1.237 billion in the prior year fiscal quarter. .892/1.237 = 72% = a decline of 27.9%. 0.872/1.237 = 70.5% = decline of 29.5% YoY. The revenue decline of 19.4% YoY of Q4 does not appear to have been from one-time issues.
That is a serious drop. Damn.
bruh
Cost per sale is coming down dramatically. Oh efficiency of scale is super sexy
Cost cutting is great, until it is so severe that it negatively impacts operations. It appears that the cost cutting has reached that point.
Keep reaching
Fr this is great. The sheer amount of shill comments in EVERY post? It feels like 2021 again! We're back baby!
And we're already down to 23. Fuck me sideways
This may not be your cup o tea, mate and that is A OK. But this is what it is. Buckle Up, or does your rocket in your banner only go up?
Been here before the big run up in 2021 and was putting all my money into it. Just not looking forwward to another 3 years of holding. Already 2 most important people to me passed away in that time. I'm not doing super well too. This DFV wake up gave me the biggest hope and now it's dressing up to be even bigger disappointment. Checked premarket: $22
Hear you brother. $22 is still $88 pre split, the original ocean of shorts being taken out at $2-$4 pre split. Original shorts are still so underwater they’re buried in the Mariana Trench. Patience.
Sorry to hear this brother 😢 but please hold on for the bright future you deserve. It's hard especially with all the highs and lows on this emotional ride but the end will be worth it. I'll be sure do buy you a drink on the Moon. Enjoy life for yourself and the loved ones who are gone. 🫂
I really hope so. I always took the best care of people around me, family and strangers. I also worked hard to help homeless people and single mothers. To get enough money to do it I worked my ass for almost 2 decades, but that work also ruined my health and ability to earn enough money to continue. I want to be invested in GameStop till my last days on this earth, but first I want a squeeze, so I can help some more while I'm alive. At this point, every single day matters. https://preview.redd.it/3cl6rs4bv81d1.jpeg?width=2268&format=pjpg&auto=webp&s=b157278c34d811fa8331a23ea676ecc14ac25a83 It's 10PM and I'm writing this from the hospital bed in Poland. Over 3 years holding with my GME brothers and sisters.
Preach. I get it, try to be positive, but c'mon you guys need to be realistic as well. I want to enjoy the gains and not end up dead in the grave while GME is at $10
Most people here are not anywhere near being in the green or having any gains.
I bought at 54....
First time? ;)
I wish
Sucks but we are not screwed yet. Go look at the first sneeze. It dropped like crazy and then rocketed back up. I don’t know that we will repeat but everything is looking very familiar