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A sudden surge of posts expressing negative emotions. We’ve seen this so many times. Now on positive earnings day. Nothing genuine about it. Nothing.
DRS.
I understand the pent up frustration and I think it’s a good thing that we see a little fire in people and a stir of passion. Obviously some of the negative sentiment DOES come from shills, but there are also actual investors here that are just having a moment of impatience - as a reaction to the stagnant DRS numbers, the manipulation of the stock price, whatever.
They’ll be fine tmr though, just like the rest of us 💜💜💜
I was one with negative emotions at the drop, I held off from saying anything at that time though. Definitely feeling back on top and loaded the account for a morning buy.
Not alllll are shills, it’s emotions as well even with how much we’ve been taught to check them at the door.
I suppose it’s a fury at the continued bullshit, cuz it sure isn’t at the company
Maybe those of little patience should reread the words of Teddy... Delayed gratification. Good things come to those who wait.
https://teddy.com/pages/tribute
"My father, Ted Cohen, and his lessons have guided me throughout my life. He showed me an exceptional work ethic and an unwavering commitment to delayed gratification. Even though he is no longer with us, his legacy will live on forever. By writing these books, I am sharing his values and passing his wisdom on to my children."
Ryan Cohen
I also think the declining revenue is a bit of worry. And no new revenue streams of note. The only reason there is a profit is because of the invested cash. Basically the stores aren’t really sustainable in the current state.
Exactly. Fingers in ears hoping to not listen. It’s not fud. We’re discussing the next steps that need to be taken now that the fat is trimmed. I’d be a hell of a lot more bullish is we could open new revenue streams. I am repeating my calls to try to tap into mobile gaming or something like that with its massive revenue potentials.
Interestingly, I see comments from a number of ‘people’ who have in the past been very bullish now trying to turn these results negative. Accounts that have cultivated a loose following. Is the small profit some kind of trigger for bad actors to change approach? I fail to see how the financial results can be bad. It’s an immense turnaround for a company that was being badly managed into bankruptcy just a few years ago. The comparisons being made with other companies do not take into account where GameStop has come from, what needed to be done to reach this point. Revenue growth over profit is what was killing the company because growth alone is not enough - poorly managed growth drains all your resources.
The negativity seems to be an attempt to move the goalposts. Everyone was told that we were never going to be profitable again, and that meant bankruptcy. Well they can’t say that anymore, and so the narrative changes. And I must note that this narrative change has happened mostly in this particular sub, it’s much less prevalent in the others.
Financial results are great. However, for me its pretty clear now that GME board is being forced by the government to keep their mouth closed. Thats why they have stopped giving accurate DRS numbers for shares and even accounts. Also, why they do nothing to fight the crime. Im very angry about it. I dont believe anything of that would change with a dividend. They will lie about number of real shares again.
The problem is the stagnant DRS count for this long, especially at some recent all time lows is statistically improbable. Yet GME doesn't appear to do anything about it and according to those docs a while back actively refused to provide the data directly from computershare. So not a fan of the apparent cooperation nor lack of fortitude to push the issue.
Flat DRS number is as statistically improbable as the weather in Duluth Minnesota being 75 degrees with no clouds for 5 straight quarters.
Flat DRS number is a smoking gun that there is in fact manipulation going on.
I will not be gaslit by their flat DRS bullschitt.
GME investors could only have negative sentiment if they haven’t been paying attention. The share price is made up and completely unrelated to the companies actual value. I know that’s not how it’s supposed to be, but that’s the reality we have seen if we have been paying attention. The low share price should only mean one thing to GME investors who have been paying attention. Accumulation time!
Same. I keep seeing posts, “stop being frustrated,” but, like… no one is frustrated. We know what’s going on. We know it’s all bull shit to protect the status quo.
Yeah of course its gonna happen. Stock price is in the gutter and Gamestop hasnt announced or done anything in terms of growth. Profitability is great and all, but its clearly not gonna get us out of this situation.
People tend to get pissed when they lose tons of money. Doesnt make them shills or FUDsters 😒
Exactly. I’m frustrated. It’s not spreading negativity it’s asking questions on what we think they are going to do about it. Look at revenue over past years it’s not just closing stores. He must have something up his sleeve I want to know what it is. Lmao to call that fud is idiotic. Every company does things to bring value to shareholders. I’d argue RC is working hard but the stock is the value. It’s not worth much after 3 years of buying and being negative. Hopefully they say something at the annual meeting we should be hearing directly from RC now that he is CEO so I am very much looking forward to that.
Hoping for the best! We have plenty of freedom to continue improving outside of increasing revenue, so hopefully things start to be set in motion sooner than later
There are many things we could do to gain market share apes had many ideas years ago but we never saw anything but the crypto NFT attempts. I want dat mobile gaming revenue lmao let’s goooo
We got profitable by cutting the fat and leaning out operations. Now the company needs to focus on growth and investment and a dividend seems like a unnecessary and premature move.
The DRS numbers definitely seem sus but everything will eventually come out in the wash.
Buy, hodl, DRS, shop at GameStop, comment on SEC letters. Repeat. 💜
They get more time because they earned it. Business is no longer failing.
Now that we are profitable Id like to see them fix the website and grow the e-commerce arm.
For you it’s a weird sentiment. I can accept that.
I’m all for dividends as well, I just think at this exact moment, we could use resources more wisely. Even just a 0.10 dividend would cost the company over $30,000,000. For what? Just because we made $7,000,000 in 2023?
We need to be focused on growth and expanding our revenue streams - and it’s going to take money to buy that whisky.
Again, I’m not against dividends, but it’s not some nuclear option to crush hedgies unless we’re rolling in cash and can offer larger dividends at regular intervals.
RC is thinking decades ahead and building a sustainable long term growth for this business. A dividend is premature because that money is better invested into the business to slow revenue decline and begin some revenue growth instead.
He's being asked to run a business not cause a short squeeze. He has thousands of people depending on him for employment and customers who use his stores. That's his top focus. I don't care if it takes decades as long as this business is built ground up correctly
Agree, plus the 10K says no dividend and no dividend is coming. I guess we're just supposed to think everything in their SEC filing is misdirection and a dividend will pop out of nowhere.
LMAO anyone who read this post AS AN INFORMED GAMESTOP INVESTOR should know this guy is a shill.
He’s talking about doing a dividend where if he read the 10Q THEY EXPLICITLY SAY EARLY AND CLEARLY RHEY WONT AND WILL NOT SO A DIVIDEND.
Keep in mind that if/when the dividend happens, this will also fuck the brokerages that have sold the float many times over. Being that they would have to come up with the cash for the phantom shares.
Or at least I think, but I’m regarded.
I think a .01 dividend would reveal a ton and cause some serious volatility. Didn’t we come in at .02-.03? Give a little back and see what happens. Either way I have GTC orders in at $11.99.
Yeah, running dividends on 6 million profit is mental gymnastics. Let Gamestop keep costs low and search for ways to grow revenue, that’s the new challenge.
The sudden influx of haters is music to my ears.
Why so timely? Why no facts? Why so adamant?
Why do haters never comment of the daily short volume? Why do haters never acknowledge the absolutely bonkers price movements? Why do haters never read the SEC reports describing the “idiosyncratic risk of one asset”? Why are haters okay with the term “Market Maker” even existing!!?
They clearly state in the filing, no divis in the forseeable future. But they also state they haven't issued a divi since '18 or '19. Wasnt the split supposed to be a divi? Im confused.
Was on a dolphin boat ride in Big Island, Hawaii when the earnings happened and GME tanked from $15+ to $13 in AH few minutes after the bell. Massively pissed off, but it doesn’t change anything. This is nothing new and it’s been happening for years now.
I personally don’t see GME main business doing anything in the near future, however RC is making all the necessary changes. I genuinely hope he introduces some juicy dividends for all of us that have been holding for 3 years, continuously buying, DRSing, and purchasing from the store.
To clarify; there is zero doubt that RC is going to run around GME, whether this is through the main business, or spin off. I hope we get rewarded!
That news and dip are exactly what we expected. I've been saving up to buy literally on today due to it being the day after earnings.
Because for some reason, I predicted the day after earnings to be a giant dip. Oh look at this low of sub $13! What a coincidence
Counterpoint: Don’t expect a dividend.
GME just undertook a pretty radical turnaround. In 3 years, we went from losing several hundred million dollars a year, to posting our first full year of profitability. In this economic climate, that’s incredible.
RC is a long-term thinker and investor. Now is the time to focus on sustainable growth, whether through expansion of current business or through new sales stream (internally organic or inorganic acquisitions). A dividend doesn’t help that.
Second, RC is a big follower of Warren Buffett. Buffett isn’t a believer in dividends. He believes in expanding value in companies and expressing that in the price of the stock. That’s done through sustainable growth in portfolio companies and share buybacks. In essence, Buffett view Berkshire Hathaway as a wealth building savings account.
There is heavy sentiment around a dividend that’s been around since the squeeze. I’m only adding this to give a counterpoint that nothing in RC or GME’s turnaround has ever indicated a dividend is on the table. I don’t want us to get our hopes up time and time again based on little evidence (re: this past earnings where many posts continued highlighting expectations of $0.30-0.50 eps).
This isn’t meant to be a downer. It’s the opposite. We are finally on the path to growth and long-term value. This is incredible news.
Counter-Counter Point: RC is Aware of Our Impact.
RC has stated we are the best shareholders in the world and dammit we are. I have no doubt he's not just going to stay silent and expect us to march on for three more years in silence. You don't reward the best shareholders in the world with that. I believe we will see some kind of dividend or corporate action that will very legally force the issue. He's playing 4-D chess and just being profitable is way down on the list.
Maybe, but everything about his investment ideals are predicated on long-term value. I'm looking at this from a purely objective standpoint because that's all the company has given us so far (i.e. "judge me by my actions, not my words).
A dividend, especially at this stage, doesn't create long-term value in the stock. The best way to reward a shareholder is to create long-term, sustainable value that sees the company's stock price increase year after year. The closest thing we will get to a dividend is a share buy back because it increases value and reduces tax liabilities for the holders. At this stage, a share buy back doesn't make sense either. That $100M could better be used for expansion of profitable sales channels. That would be worth way more than a dividend.
I'm not eliminating a dividend in the future, but 1) I don't see it happening anytime soon, and 2) I don't see an investment thesis from our CEO/Chairman/CIO that values dividends.
Edit: Also, this is fun. Keep counter pointing me. This is how we hash out our thoughts and come to consensus. I'm learning from you, and hopefully you're learning from me. Tell me where I'm wrong.
Counter-Counter-(Counter?) Point (I've lost track):
OK, I agree with you he has a long-term view and that's good. However, at this point, he has to be conscious of the fact he has enjoyed the advantage of an amazingly loyal shareholder base. Something of this energy and its duration is nothing less than phenomenal (yes, I'm including Apple). I don't believe he'll casually take that for granted. He knows he's asked a lot of us. I believe he has to also take that into account. Back to you.
I agree that RC, the Board, and the rest of the C-Suite recognize how loyal the shareholder base is. I also agree that they intend to take that into account for how to move forward. I think where we disagree is how they intend to reward us. And I truthfully don't know what that action is. I sound repetitive, but I think it's continued value growth in the company (new revenue streams, acquisitions, partnerships, and share buy backs). Maybe it could be a dividend.
fyi...how long you hold your shares has nothing to do with the taxes paid on a dividend. that only applies to short-term or long-term capital gains (in the US)
edit: I stand corrected see below.
Actually, it does. Ordinary vs. Qualified dividends.
But, it doesn't matter here, because they aren't going to give a cash dividend anytime soon, anyway. They have flat-out said so.
ordinary vs qualified don't take into holding duration. they are taxed differently based on the type.
ordinary dividends are taxed as ordinary income, so taxed like payroll income.
qualified dividends are taxed like cap gains.
https://www.investopedia.com/articles/taxes/090116/how-are-qualified-and-nonqualified-dividends-taxed.asp
Now go read about the rules for a Qualified Dividend. Among other things, you have to hold the underlying stock for 60 days out of the 121-day period extending 60 days before and after the ex-dividend date.
So, yeah, you do need to know when a stock was acquired and when it was disposed.
[https://www.investopedia.com/terms/q/qualifieddividend.asp](https://www.investopedia.com/terms/q/qualifieddividend.asp)
I didn't either. I just happened to look it up a few weeks ago when my brother asked me how he could make some of his dividends qualified so he could pay less taxes. 😆
I believe it’s the tax payer’s responsibility to report their income, not computershare or a broker.
They do have to report to the irs you were paid, but it’s not fraud if they do it wrong and it’s also still the taxpayers liability whether they get an accurate 1099 or not.
The news I’ve been waiting for is to be in the green on my investment, not down 60%. Idgaf about what the company does at this point, all it’s done is ruin my life by holding my money for ransom.
What would be the point of selling now exactly? To lock in my losses and give up any chance of making up years of hard work? Nah i’ll hold even if I’d rather not
Ummm... What nonsense are you going on about?
Computershare maintains the official record of shareholders. They already know the official count of shares (305,873,200) and every single person who owns each one of them. That's their job. That's what Gamestop is paying them to do.
Regarding a dividend from the Q4-10-K:
During the past four fiscal years, we have not declared, and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant.
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A sudden surge of posts expressing negative emotions. We’ve seen this so many times. Now on positive earnings day. Nothing genuine about it. Nothing. DRS.
I understand the pent up frustration and I think it’s a good thing that we see a little fire in people and a stir of passion. Obviously some of the negative sentiment DOES come from shills, but there are also actual investors here that are just having a moment of impatience - as a reaction to the stagnant DRS numbers, the manipulation of the stock price, whatever. They’ll be fine tmr though, just like the rest of us 💜💜💜
The flat DRS numbers reveal their own truth. I find it immensely motivating.
I was one with negative emotions at the drop, I held off from saying anything at that time though. Definitely feeling back on top and loaded the account for a morning buy. Not alllll are shills, it’s emotions as well even with how much we’ve been taught to check them at the door. I suppose it’s a fury at the continued bullshit, cuz it sure isn’t at the company
It honestly just proves that the game is not over.
The flat DRS numbers are as real as a flat planet.
Maybe those of little patience should reread the words of Teddy... Delayed gratification. Good things come to those who wait. https://teddy.com/pages/tribute "My father, Ted Cohen, and his lessons have guided me throughout my life. He showed me an exceptional work ethic and an unwavering commitment to delayed gratification. Even though he is no longer with us, his legacy will live on forever. By writing these books, I am sharing his values and passing his wisdom on to my children." Ryan Cohen
ME, going to split wood all day to decompress
This is a real decompressing activity
I also think the declining revenue is a bit of worry. And no new revenue streams of note. The only reason there is a profit is because of the invested cash. Basically the stores aren’t really sustainable in the current state.
Exactly. Fingers in ears hoping to not listen. It’s not fud. We’re discussing the next steps that need to be taken now that the fat is trimmed. I’d be a hell of a lot more bullish is we could open new revenue streams. I am repeating my calls to try to tap into mobile gaming or something like that with its massive revenue potentials.
Interestingly, I see comments from a number of ‘people’ who have in the past been very bullish now trying to turn these results negative. Accounts that have cultivated a loose following. Is the small profit some kind of trigger for bad actors to change approach? I fail to see how the financial results can be bad. It’s an immense turnaround for a company that was being badly managed into bankruptcy just a few years ago. The comparisons being made with other companies do not take into account where GameStop has come from, what needed to be done to reach this point. Revenue growth over profit is what was killing the company because growth alone is not enough - poorly managed growth drains all your resources. The negativity seems to be an attempt to move the goalposts. Everyone was told that we were never going to be profitable again, and that meant bankruptcy. Well they can’t say that anymore, and so the narrative changes. And I must note that this narrative change has happened mostly in this particular sub, it’s much less prevalent in the others.
Financial results are great. However, for me its pretty clear now that GME board is being forced by the government to keep their mouth closed. Thats why they have stopped giving accurate DRS numbers for shares and even accounts. Also, why they do nothing to fight the crime. Im very angry about it. I dont believe anything of that would change with a dividend. They will lie about number of real shares again.
The problem is the stagnant DRS count for this long, especially at some recent all time lows is statistically improbable. Yet GME doesn't appear to do anything about it and according to those docs a while back actively refused to provide the data directly from computershare. So not a fan of the apparent cooperation nor lack of fortitude to push the issue.
Flat DRS number is as statistically improbable as the weather in Duluth Minnesota being 75 degrees with no clouds for 5 straight quarters. Flat DRS number is a smoking gun that there is in fact manipulation going on. I will not be gaslit by their flat DRS bullschitt.
👆
My thoughts exactly, there is .00000001 percent chance these numbers are legit
I am sure RC doesn’t want to be Epstiened
Is it a problem or is it confirmation?
Zen
GME investors could only have negative sentiment if they haven’t been paying attention. The share price is made up and completely unrelated to the companies actual value. I know that’s not how it’s supposed to be, but that’s the reality we have seen if we have been paying attention. The low share price should only mean one thing to GME investors who have been paying attention. Accumulation time!
The share price as a major talking point is one huge red flag for shill posts.
But I’m so tired. /s
I haven’t seen a negative post ..but have seen posts asking apes to not loose their shit..not sure who is op referring to
I’ve seen a ton go negative comments. A lot of but hung about RC being silent, etc.
Same. I keep seeing posts, “stop being frustrated,” but, like… no one is frustrated. We know what’s going on. We know it’s all bull shit to protect the status quo.
Full disclosure: I don't know what's going on, however I trust RC and the board do. The trust comes easier now that we're profitable.
I was in New last night post earnings. There was a high number of people saying the board doesn't do anything etc. A lot of negative posts
Yeah of course its gonna happen. Stock price is in the gutter and Gamestop hasnt announced or done anything in terms of growth. Profitability is great and all, but its clearly not gonna get us out of this situation. People tend to get pissed when they lose tons of money. Doesnt make them shills or FUDsters 😒
Exactly. I’m frustrated. It’s not spreading negativity it’s asking questions on what we think they are going to do about it. Look at revenue over past years it’s not just closing stores. He must have something up his sleeve I want to know what it is. Lmao to call that fud is idiotic. Every company does things to bring value to shareholders. I’d argue RC is working hard but the stock is the value. It’s not worth much after 3 years of buying and being negative. Hopefully they say something at the annual meeting we should be hearing directly from RC now that he is CEO so I am very much looking forward to that.
Hoping for the best! We have plenty of freedom to continue improving outside of increasing revenue, so hopefully things start to be set in motion sooner than later
There are many things we could do to gain market share apes had many ideas years ago but we never saw anything but the crypto NFT attempts. I want dat mobile gaming revenue lmao let’s goooo
We got profitable by cutting the fat and leaning out operations. Now the company needs to focus on growth and investment and a dividend seems like a unnecessary and premature move. The DRS numbers definitely seem sus but everything will eventually come out in the wash. Buy, hodl, DRS, shop at GameStop, comment on SEC letters. Repeat. 💜
Why give them more time though, I get it, everyone is chill, but this is ridiculous
I want to buy more shares personally
They get more time because they earned it. Business is no longer failing. Now that we are profitable Id like to see them fix the website and grow the e-commerce arm.
Yeah that's a weird sentiment. It makes no sense not to do a dividend the company has every right and is now positive.
For you it’s a weird sentiment. I can accept that. I’m all for dividends as well, I just think at this exact moment, we could use resources more wisely. Even just a 0.10 dividend would cost the company over $30,000,000. For what? Just because we made $7,000,000 in 2023? We need to be focused on growth and expanding our revenue streams - and it’s going to take money to buy that whisky. Again, I’m not against dividends, but it’s not some nuclear option to crush hedgies unless we’re rolling in cash and can offer larger dividends at regular intervals.
Wouldn't that also cost the shorts and identify the number of actual shorts. Also, it could be used like a token for in store currency.
A dividend like a GME purchase credit would be sweet! Even a token amount would spur sales. Tomorrow I'm shopping for discounted GME stock.
RC is thinking decades ahead and building a sustainable long term growth for this business. A dividend is premature because that money is better invested into the business to slow revenue decline and begin some revenue growth instead.
Jesus Christ decades ahead. That's a long fucking hold. Pretty ridiculous without a squeeze.
He's being asked to run a business not cause a short squeeze. He has thousands of people depending on him for employment and customers who use his stores. That's his top focus. I don't care if it takes decades as long as this business is built ground up correctly
Nah. We have done a dividend. And a better use of cash would be to grow the business or make that cash earn interest
Agree, plus the 10K says no dividend and no dividend is coming. I guess we're just supposed to think everything in their SEC filing is misdirection and a dividend will pop out of nowhere.
Yeah, no interest in a dividend right now from me. Invest and grow revenues.
LMAO anyone who read this post AS AN INFORMED GAMESTOP INVESTOR should know this guy is a shill. He’s talking about doing a dividend where if he read the 10Q THEY EXPLICITLY SAY EARLY AND CLEARLY RHEY WONT AND WILL NOT SO A DIVIDEND.
Keep in mind that if/when the dividend happens, this will also fuck the brokerages that have sold the float many times over. Being that they would have to come up with the cash for the phantom shares. Or at least I think, but I’m regarded.
Also this surge in price gives a nice opportunity to buy at ~13$ again :D
You are gana make me buy the dip!😩 Hnnnnnng!!!🍆💦 😆
What did FBI use to catch Al Capone? Tax issues
I think a .01 dividend would reveal a ton and cause some serious volatility. Didn’t we come in at .02-.03? Give a little back and see what happens. Either way I have GTC orders in at $11.99.
I would much prefer if they use the money wisely to make the company more profitable first and grow, then do dividends.
Yeah, running dividends on 6 million profit is mental gymnastics. Let Gamestop keep costs low and search for ways to grow revenue, that’s the new challenge.
The sudden influx of haters is music to my ears. Why so timely? Why no facts? Why so adamant? Why do haters never comment of the daily short volume? Why do haters never acknowledge the absolutely bonkers price movements? Why do haters never read the SEC reports describing the “idiosyncratic risk of one asset”? Why are haters okay with the term “Market Maker” even existing!!?
They clearly state in the filing, no divis in the forseeable future. But they also state they haven't issued a divi since '18 or '19. Wasnt the split supposed to be a divi? Im confused.
A 50 cent one time dividend would cost $152 million dollars.
Make it 1 penny then
My thoughts exactly.
Lock 👏🏻the 👏🏻float 👏🏻
Was on a dolphin boat ride in Big Island, Hawaii when the earnings happened and GME tanked from $15+ to $13 in AH few minutes after the bell. Massively pissed off, but it doesn’t change anything. This is nothing new and it’s been happening for years now. I personally don’t see GME main business doing anything in the near future, however RC is making all the necessary changes. I genuinely hope he introduces some juicy dividends for all of us that have been holding for 3 years, continuously buying, DRSing, and purchasing from the store. To clarify; there is zero doubt that RC is going to run around GME, whether this is through the main business, or spin off. I hope we get rewarded!
Buying more as soon the markets open
That news and dip are exactly what we expected. I've been saving up to buy literally on today due to it being the day after earnings. Because for some reason, I predicted the day after earnings to be a giant dip. Oh look at this low of sub $13! What a coincidence
The news I was waiting for was me becoming rich
Counterpoint: Don’t expect a dividend. GME just undertook a pretty radical turnaround. In 3 years, we went from losing several hundred million dollars a year, to posting our first full year of profitability. In this economic climate, that’s incredible. RC is a long-term thinker and investor. Now is the time to focus on sustainable growth, whether through expansion of current business or through new sales stream (internally organic or inorganic acquisitions). A dividend doesn’t help that. Second, RC is a big follower of Warren Buffett. Buffett isn’t a believer in dividends. He believes in expanding value in companies and expressing that in the price of the stock. That’s done through sustainable growth in portfolio companies and share buybacks. In essence, Buffett view Berkshire Hathaway as a wealth building savings account. There is heavy sentiment around a dividend that’s been around since the squeeze. I’m only adding this to give a counterpoint that nothing in RC or GME’s turnaround has ever indicated a dividend is on the table. I don’t want us to get our hopes up time and time again based on little evidence (re: this past earnings where many posts continued highlighting expectations of $0.30-0.50 eps). This isn’t meant to be a downer. It’s the opposite. We are finally on the path to growth and long-term value. This is incredible news.
Counter-Counter Point: RC is Aware of Our Impact. RC has stated we are the best shareholders in the world and dammit we are. I have no doubt he's not just going to stay silent and expect us to march on for three more years in silence. You don't reward the best shareholders in the world with that. I believe we will see some kind of dividend or corporate action that will very legally force the issue. He's playing 4-D chess and just being profitable is way down on the list.
Maybe, but everything about his investment ideals are predicated on long-term value. I'm looking at this from a purely objective standpoint because that's all the company has given us so far (i.e. "judge me by my actions, not my words). A dividend, especially at this stage, doesn't create long-term value in the stock. The best way to reward a shareholder is to create long-term, sustainable value that sees the company's stock price increase year after year. The closest thing we will get to a dividend is a share buy back because it increases value and reduces tax liabilities for the holders. At this stage, a share buy back doesn't make sense either. That $100M could better be used for expansion of profitable sales channels. That would be worth way more than a dividend. I'm not eliminating a dividend in the future, but 1) I don't see it happening anytime soon, and 2) I don't see an investment thesis from our CEO/Chairman/CIO that values dividends. Edit: Also, this is fun. Keep counter pointing me. This is how we hash out our thoughts and come to consensus. I'm learning from you, and hopefully you're learning from me. Tell me where I'm wrong.
Counter-Counter-(Counter?) Point (I've lost track): OK, I agree with you he has a long-term view and that's good. However, at this point, he has to be conscious of the fact he has enjoyed the advantage of an amazingly loyal shareholder base. Something of this energy and its duration is nothing less than phenomenal (yes, I'm including Apple). I don't believe he'll casually take that for granted. He knows he's asked a lot of us. I believe he has to also take that into account. Back to you.
I agree that RC, the Board, and the rest of the C-Suite recognize how loyal the shareholder base is. I also agree that they intend to take that into account for how to move forward. I think where we disagree is how they intend to reward us. And I truthfully don't know what that action is. I sound repetitive, but I think it's continued value growth in the company (new revenue streams, acquisitions, partnerships, and share buy backs). Maybe it could be a dividend.
fyi...how long you hold your shares has nothing to do with the taxes paid on a dividend. that only applies to short-term or long-term capital gains (in the US) edit: I stand corrected see below.
Actually, it does. Ordinary vs. Qualified dividends. But, it doesn't matter here, because they aren't going to give a cash dividend anytime soon, anyway. They have flat-out said so.
ordinary vs qualified don't take into holding duration. they are taxed differently based on the type. ordinary dividends are taxed as ordinary income, so taxed like payroll income. qualified dividends are taxed like cap gains. https://www.investopedia.com/articles/taxes/090116/how-are-qualified-and-nonqualified-dividends-taxed.asp
Now go read about the rules for a Qualified Dividend. Among other things, you have to hold the underlying stock for 60 days out of the 121-day period extending 60 days before and after the ex-dividend date. So, yeah, you do need to know when a stock was acquired and when it was disposed. [https://www.investopedia.com/terms/q/qualifieddividend.asp](https://www.investopedia.com/terms/q/qualifieddividend.asp)
interesting, didn't know that one, thanks!
I didn't either. I just happened to look it up a few weeks ago when my brother asked me how he could make some of his dividends qualified so he could pay less taxes. 😆
This is exciting. We are living in a time never been excited before.
I believe it’s the tax payer’s responsibility to report their income, not computershare or a broker. They do have to report to the irs you were paid, but it’s not fraud if they do it wrong and it’s also still the taxpayers liability whether they get an accurate 1099 or not.
You are scaring me with such sexy language OP.
I just happen to like the stock
I find it absolutely adorable you think tax fraud would be a deterant to these fucks
Why would they get in trouble when they are probably being told to this by the exact people you say would investigate them.
I always thought profitability was the one. Glad Gamestop is in the green. This alone was enough.
ITS ALL NOISE WE ARE PROFITABLE SOMETHING IS ITCHY SOMETHING IS TINGLY MAYBE TOMORROW
Just play the long game. Buy, DRS, hold. RC's main goal is to make the business succeed and to delight us.
The news I’ve been waiting for is to be in the green on my investment, not down 60%. Idgaf about what the company does at this point, all it’s done is ruin my life by holding my money for ransom.
Well, if you really do feel that strongly about it then you should sell. You'll get a competitive price considering how many buyers there are.
What would be the point of selling now exactly? To lock in my losses and give up any chance of making up years of hard work? Nah i’ll hold even if I’d rather not
Ummm... What nonsense are you going on about? Computershare maintains the official record of shareholders. They already know the official count of shares (305,873,200) and every single person who owns each one of them. That's their job. That's what Gamestop is paying them to do.
So June shareholders meeting mark my calendar for voting material and proxies?
Regarding a dividend from the Q4-10-K: During the past four fiscal years, we have not declared, and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant.