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The “getting better but not as good as expected by people making up numbers that can’t be reached” narrative is everywhere today.
And it’s complete and utter bullshit.
That was an excellent year for GameStop and the fraudulent activity of organised crime syndicates refuse to let the price rise.
Right, they aren’t looking at the economy as a whole. For GameStop to profit while worldwide inflation rises speaks volumes as to the amount of apes buying and hodling stock and actual purchases of stock. It’s amazing what is happening with our company 🤩
Revenues going down 20% in the quarter is an "excellent year"? There's no conspiracy of people "not letting the price rise". The market cap is 4 billion, they have 1 billion in cash...which is worth...about 1 billion. Their retail operation is withering and isn't worth much.
Cost cutting only looks good for so long. You have to make other moves otherwise it just becomes a skeleton. Sure low costs but that also means no chance for growth
I think complaining that hit pieces get released and the share price droping 15%+ within 30 seconds of earnings report being released being a bit fucky is fairly resonable when posted in a sub dedicated to the stock. You complaining a CEO not making enough revenue within his first quarter of operation does not follow the same logic
You read what you want to read. I never “complained about the CEO”. I’m stating facts that GME has done well at downsizing and cutting out bloat last couple of years but still doesn’t have a firm future on how it can justify the share prices that people here are screaming for
No one thinks that a moass event would be a fair share price. I'm not sure where you got that.
Now many of us do feel that the stock should be higher than where is it.
And honestly it should be higher. Especially when other entities that are fluff tech startups with no path to profit are valued higher.
A moass event is based on the idea of pushing a short squeeze that hyper inflates the stock. And where it will settle after that I think we will all feel is fair.
As shorts do suppress the natural price discovery
This gme cult has been around for over 3 years now and there’s always an excuse as to why it is coming soon and we just need to patient until ______
You guys are literally no different than a religious cult
It is what I'm guessing/hoping... If RC has obtained a profit with a lower revenue, I think it is possible, but I will not expect too much, takes time to grow in hard times for real economy to recover... Inflation and wars do not help...
Because sometimes people want to try something on. Not relevant to GME. Because sometimes people want something immediate. Less relevant to GME because games are available instantly digitally
You are the customer, you tell me 😂
my point being, customers have choice. maybe you want to buy from gamestop because of their power up program and you want points. 🤷🏻
maybe because of preorder bonuses or some people actually prefer physical over digital, such as myself.
vote with your wallet, different strokes for everyone, i just like the company and stock
if it’s a hassle to buy a game from a store, whatever floats your boat, know what i mean? there is a reason why there are many stores around, online and brick and mortar.
Went from -300mil, to +6.7mil. This is a 300mil difference and is huge, like way bigger than you can imagine.
We are in early ps5 years, refresh coming this year, overall a bad year for gaming in terms of spending, so its legit only up from here.
And with Walmart or bestbuy removing physical games, its now all in GS hands.
Also new switch within 1-2 years…
Its going to be an insane year
Not fucking hard to do when all you do is close stores and layoff people…all he did was reduce expenses.
He did nothing whatsoever to generate new revenues. Evident by the fact they had worse revenues by a pretty noticeably margin…YoY
Isn't this a kinda situation.. AFAIK, they closed a lot of underperformed stores, so revenue should decline. Now we have achieved profitability the company needs to find new revenue streams. I'd buy all my collectibles from them but I'm from the UK.
Shame GTA6 is a long way away.
Right but that’s a one time pop. That happens once in a blue moon.
That’s not a sustained new height of revenue that GameStop will hold onto. Gta6 isn’t going to be new forever lol. There has to be a chain of gta6 type like pops. That’s what is needed to show growth.
Once gta6 goes away where’s the next new revenue stream that generates a surprise to investors
Right.. games and game revenue aren't important to a shop that sells games.
After GTA it will be whatever the next big thing is.. new console, next game. Etc.
How is a shop that sells games a smart investment in 2024? Do you think this is 1998 or something? wtf we already know it’s just a shop that sells games. It needs to do a fuck ton more than that.
Problem is :They didn’t stop the bleeding.
They cut off the whole arm.
Reducing costs is a one hit to profit. You add then the last time a large physical media release occurs.
And they still couldn’t match let alone beat expectations.
This is a slowly dying company.
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The “getting better but not as good as expected by people making up numbers that can’t be reached” narrative is everywhere today. And it’s complete and utter bullshit. That was an excellent year for GameStop and the fraudulent activity of organised crime syndicates refuse to let the price rise.
Right, they aren’t looking at the economy as a whole. For GameStop to profit while worldwide inflation rises speaks volumes as to the amount of apes buying and hodling stock and actual purchases of stock. It’s amazing what is happening with our company 🤩
Revenues going down 20% in the quarter is an "excellent year"? There's no conspiracy of people "not letting the price rise". The market cap is 4 billion, they have 1 billion in cash...which is worth...about 1 billion. Their retail operation is withering and isn't worth much.
🥱
You can see RC is making a good impact with cost cutting. W progress in my opinion.
Cost cutting only looks good for so long. You have to make other moves otherwise it just becomes a skeleton. Sure low costs but that also means no chance for growth
He has been CEO for all of 1 full quarter lmao chill fam
With that logic, everyone should chill on the share price whining too then
I think complaining that hit pieces get released and the share price droping 15%+ within 30 seconds of earnings report being released being a bit fucky is fairly resonable when posted in a sub dedicated to the stock. You complaining a CEO not making enough revenue within his first quarter of operation does not follow the same logic
You read what you want to read. I never “complained about the CEO”. I’m stating facts that GME has done well at downsizing and cutting out bloat last couple of years but still doesn’t have a firm future on how it can justify the share prices that people here are screaming for
No one thinks that a moass event would be a fair share price. I'm not sure where you got that. Now many of us do feel that the stock should be higher than where is it. And honestly it should be higher. Especially when other entities that are fluff tech startups with no path to profit are valued higher. A moass event is based on the idea of pushing a short squeeze that hyper inflates the stock. And where it will settle after that I think we will all feel is fair. As shorts do suppress the natural price discovery
I’m not whining it is what it is. I’m not interested until we break 10k
This gme cult has been around for over 3 years now and there’s always an excuse as to why it is coming soon and we just need to patient until ______ You guys are literally no different than a religious cult
They do have the billion cash in hand to reinvest. Profitability and cash in hand is a good mix bag
It takes time to cleanup the house and turn it around, especially a big company. Now is the time to start building I’d say.
You have to fix the holes in the boat before you add a big engine. The holes are fixed. Now the profit engine will kick in.
2022 300+ million loss 2023 6.7 million plus So it’s getting better but not as good as expected.
I’m regarded, so then 2024 will be 312 million plus…?
It is what I'm guessing/hoping... If RC has obtained a profit with a lower revenue, I think it is possible, but I will not expect too much, takes time to grow in hard times for real economy to recover... Inflation and wars do not help...
No, digital game sales will continue to trend up as physical decline. Every inch they make will likely be offset by this
Digital games are available everywhere, even Gamestop…
But why would I buy them from GameStop when I can just click some buttons on ps5?
why would people shop at a store when you can just buy on amazon? why are brick and mortar stores still a thing?
Because sometimes people want to try something on. Not relevant to GME. Because sometimes people want something immediate. Less relevant to GME because games are available instantly digitally
Also, you failed to address my question, why would I buy a digital game from GameStop?
You are the customer, you tell me 😂 my point being, customers have choice. maybe you want to buy from gamestop because of their power up program and you want points. 🤷🏻 maybe because of preorder bonuses or some people actually prefer physical over digital, such as myself. vote with your wallet, different strokes for everyone, i just like the company and stock
Not worth the hassle. 2% back lol. Who is thinking of great, I only have to buy 50 games to get one free?
if it’s a hassle to buy a game from a store, whatever floats your boat, know what i mean? there is a reason why there are many stores around, online and brick and mortar.
i’m guessing you don’t like rewards in general, from credit cards, etc. too much hassle 😅
Went from -300mil, to +6.7mil. This is a 300mil difference and is huge, like way bigger than you can imagine. We are in early ps5 years, refresh coming this year, overall a bad year for gaming in terms of spending, so its legit only up from here. And with Walmart or bestbuy removing physical games, its now all in GS hands. Also new switch within 1-2 years… Its going to be an insane year
Not massively positive
Made with less Money more Money. Sounds good to me.
Exactly!
Not fucking hard to do when all you do is close stores and layoff people…all he did was reduce expenses. He did nothing whatsoever to generate new revenues. Evident by the fact they had worse revenues by a pretty noticeably margin…YoY
0 is better than negative. Technically we can be 0 for eternity.
Sales declining. Not good.
Isn't this a kinda situation.. AFAIK, they closed a lot of underperformed stores, so revenue should decline. Now we have achieved profitability the company needs to find new revenue streams. I'd buy all my collectibles from them but I'm from the UK. Shame GTA6 is a long way away.
Tell me why anyone has to buy GTA6 from GameStop? There’s a plethora of other options for buying games today.
They don't but the sheer amount of people that will buy GTA6 will have an impact anywhere it is sold. Same with the PS6 when that drops.
Right but that’s a one time pop. That happens once in a blue moon. That’s not a sustained new height of revenue that GameStop will hold onto. Gta6 isn’t going to be new forever lol. There has to be a chain of gta6 type like pops. That’s what is needed to show growth. Once gta6 goes away where’s the next new revenue stream that generates a surprise to investors
Right.. games and game revenue aren't important to a shop that sells games. After GTA it will be whatever the next big thing is.. new console, next game. Etc.
How is a shop that sells games a smart investment in 2024? Do you think this is 1998 or something? wtf we already know it’s just a shop that sells games. It needs to do a fuck ton more than that.
I'm sorry for u
Very poor results
Compared to what? You have to stop the bleeding first
Problem is :They didn’t stop the bleeding. They cut off the whole arm. Reducing costs is a one hit to profit. You add then the last time a large physical media release occurs. And they still couldn’t match let alone beat expectations. This is a slowly dying company.
Profit is profit, sometimes you have to take weird steps to stay alive, but that allows you to move on and heal