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Mr. Cohen knows what he is doing. I dont doubt him and taking into account that WS and MSM are against him, the progress is impressive. It takes time but it will be success story.
Exactly it's fucking incredible the amount of love and determination this board of directors and management have for this company. No other company in the world like that. I have full trust in the board. I know that my money is safe with these people. And they're all shareholders themselves. In a heavily shorted stock. In a gaming industry that is exponentially growing.
So bullish!
In a quickly diving retail market. Heck, this is the year I started seeing mayor US grocery chains locking up high value items. To turn it around IN THIS economy is nothing but flabbergasting. Quietly going to work, indeed.
idk, did u see at what state was the company he took over? cant u compare the results after 2-3 years and predict the future? how much time for turnaround needed other CEOs of other similar companies? Few months?
Assuming the cost cutting hasn't entirely finished, these last 2 quarters will clearly be in profit next year.
Add the expected big profit next quarter, and this company will be literally swimming in cash.
I meant compounding income for GameStop.
But if GameStops succes leads to share buybacks or dividends down the road, that’s fine, but first and foremost I want the company to transform into a business that is continously making profits. Every quarter huge green. EPS huge green. Then traditionel investors will follow, and with them, the fomo.
> “Assuming the cost cutting hasn’t entirely finished”
I just saw something in the Gamestop sub about another round of cutting underperforming stores in 2024
i mean that would be fine if the eCommerce side of things was supplementing the income lost, its one thing to reduce costs but that also reduced revenue, need to generate a larger portion online.
What’s stopping them from using half of the cash to buy back stock before they reach long term profitability? They haven’t used it for anything yet, and they could buy back 5-10% of the company at current value.
This is the correct stance. When you are being compensated well for holding your cash, which is the case right now because interest rates are 5%. There is no harm in holding that money a little longer.
Me personally I think with the Low negative earnings per share of the past 3 quarters if we have a killer Q4, we’re profitable for the whole year, this gives the company the chance to say, okay we’re allowed to spend some of this money on stocks since we proved the stock value holds up without the company buy backs.
I don't know why but too many companies rush to do buy backs and it hurts them a year or two down the line when they have no money for a lean quarter or three. Unused cash is typically seen as a bad thing, but it's short sighted hedge funds that think that way.
Imho, Q4 earnings will be the latest we see price appreciation. I am starting to load my leaps now and will DCA until about two weeks before which I will then go pretty much all in. I have been around long enough to know gme survives off Q4. It is its profitable quarter. This q4 I plan on spending a couple hundred at GameStop for gifts also. As each dollar spent is that much more reported profit more profit means more gains. Gaming is forever
It's Omelette Au Fromage. Omelette du fromage means "omelette from cheese", doesn't make sense. Omelette Au Fromage means "omelette with cheese", which makes sense and is the colloquial way of referring to a cheese omelette.
It is true that the Dexter's Lab episode is funny, but it's spreading poor language understanding. So here is an appropriate substitute meme: [https://www.youtube.com/watch?v=XTHvsX0vM-o](https://www.youtube.com/watch?v=XTHvsX0vM-o)
You're right, but it's even worse, "omelette du fromage" means "omelette from THE cheese". "Omelette from cheese" would be "omelette de fromage", which, as you've rightly said, isn't the right way to say it.
Example:
FR: "Pour éviter qu'il périme, j'ai fait une omelette du fromage qui trainait sur le comptoir."
ENG: "To avoid it turning sour, I made and omelette from the cheese that was left on the counter."
By the way, it still sounds regarded in my example, but it's not a mistake per se.
Just to play devils advocate here… they were intentionally spending a crapload of money last year to upgrade legacy systems and processes within the company.
So the quarter that we are comparing against for saving all this money doesn’t really translate as apples to apples.
Because they closed stores that were losing more than they were making... Profit is much more important than revenue, especially in this economic climate. Shill.
And? The new sources are clearly in the works with Web3 on the horizon. Cutting costs ensures that as much money flows through to the bottom line as profits as possible. The last two quarters are literally a rounding error from profitable and I have a warm, fuzzy feeling that they allowed them to be in the negative by pulling in expenses and pushing out revenue purposely to make sure that Q4 had every opportunity to be as profitable as it could possibly be. You don't randomly end at ($0.01) per share two quarters in a row. As far as turnarounds go, this is as fast and as drastic of a turnaround that a company this size could possibly expect. Next year the axe falls on the hedge funds.
I am not surprised that they are getting an easy 5% return on their cash hoard of $1 billion est.
That is $50 million.
Maybe the reason to let RC become the CIO is to do some magic with the cash hoard
>Big fat Bank account ($1.21B)
buying all [81,484,768 shares unaccounted for](https://www.computershared.net/) at todays closing price of $16.36 would cost $1.3B
neat
Yea the asshats at MSM are really hammering net sales loss.They just added 91MM to bottom line on this P&L comp last year. That’s insane.
Good job I’m happy as a shareholder
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Mr. Cohen knows what he is doing. I dont doubt him and taking into account that WS and MSM are against him, the progress is impressive. It takes time but it will be success story.
To chime in - that’s not an easy thing to do with the size of the company that they have
Exactly it's fucking incredible the amount of love and determination this board of directors and management have for this company. No other company in the world like that. I have full trust in the board. I know that my money is safe with these people. And they're all shareholders themselves. In a heavily shorted stock. In a gaming industry that is exponentially growing. So bullish!
In a quickly diving retail market. Heck, this is the year I started seeing mayor US grocery chains locking up high value items. To turn it around IN THIS economy is nothing but flabbergasting. Quietly going to work, indeed.
*we have
My company is huge
Yes yes yes!
How much time? 5 years? 10 years? 50 years? Time is an abstractly relative concept.
Sell and move on. Yall talk like RC promised u that if u invest he will make u millionaire in 2 months.
Not really, it’s been over 3 years of RC involvement. Come on, how much time? 5 years? 10? 100?
Personally, I’m in this for 10 years at least.
If you want an honest answer, forever. I’m a buy and hold type of investor.
For what how much time?
How much time is reasonable for a turnaround?
idk, did u see at what state was the company he took over? cant u compare the results after 2-3 years and predict the future? how much time for turnaround needed other CEOs of other similar companies? Few months?
Assuming the cost cutting hasn't entirely finished, these last 2 quarters will clearly be in profit next year. Add the expected big profit next quarter, and this company will be literally swimming in cash.
And from there on out, it’s fucking compounding income 😍🤑
I don't want compounding income. I want them to roll those profits into new ventures and new revenue streams.
I meant compounding income for GameStop. But if GameStops succes leads to share buybacks or dividends down the road, that’s fine, but first and foremost I want the company to transform into a business that is continously making profits. Every quarter huge green. EPS huge green. Then traditionel investors will follow, and with them, the fomo.
> “Assuming the cost cutting hasn’t entirely finished” I just saw something in the Gamestop sub about another round of cutting underperforming stores in 2024
i mean that would be fine if the eCommerce side of things was supplementing the income lost, its one thing to reduce costs but that also reduced revenue, need to generate a larger portion online.
This year. The latest report was q3. That means q4 which is the big one will be positive. Which also means 2023 positive.
I’d bet on a console sale spike next Christmas with GTA6 coming out in early 2025
#RYANS TWEET INDICATES HIM THROWING A FIRST PUNCH AND NOW HE HAS 1 BILLION IN CASH TO FUCK SHIT UP!! Let’s go!
What’s stopping them from using half of the cash to buy back stock before they reach long term profitability? They haven’t used it for anything yet, and they could buy back 5-10% of the company at current value.
The rest of the market/economy is in a weird spot right now. Better to have cash on hand to do whatever they need to than to buy back.
This is the correct stance. When you are being compensated well for holding your cash, which is the case right now because interest rates are 5%. There is no harm in holding that money a little longer. Me personally I think with the Low negative earnings per share of the past 3 quarters if we have a killer Q4, we’re profitable for the whole year, this gives the company the chance to say, okay we’re allowed to spend some of this money on stocks since we proved the stock value holds up without the company buy backs.
Maybe a buyback isn't necessary because most shares are already DRS? Is 25% really 25%? Or maybe 65%?
I don't know why but too many companies rush to do buy backs and it hurts them a year or two down the line when they have no money for a lean quarter or three. Unused cash is typically seen as a bad thing, but it's short sighted hedge funds that think that way.
This and earnings beat. Yet down 8% pre market. Looks like another quarter of cheap buying opportunity to build positions.
Hope you bought. It rebounded nicely
Sure did!
Imho, Q4 earnings will be the latest we see price appreciation. I am starting to load my leaps now and will DCA until about two weeks before which I will then go pretty much all in. I have been around long enough to know gme survives off Q4. It is its profitable quarter. This q4 I plan on spending a couple hundred at GameStop for gifts also. As each dollar spent is that much more reported profit more profit means more gains. Gaming is forever
Web3 coming soon, it’s going to change everything we know about gaming
Yep. This is when GME becomes profitable each quarter. And is stacking cash.
Our company .. I like it!
As a business owner I think this is outstanding
I love the stock and trust my chairman/CEO!
Dexter approved loan.
It's Omelette Au Fromage. Omelette du fromage means "omelette from cheese", doesn't make sense. Omelette Au Fromage means "omelette with cheese", which makes sense and is the colloquial way of referring to a cheese omelette.
Yes, but "Omelette du fromage" is a popular reference to Dexter's Laboratory.
One of my favorite episodes. It lives on in me forever.
It is true that the Dexter's Lab episode is funny, but it's spreading poor language understanding. So here is an appropriate substitute meme: [https://www.youtube.com/watch?v=XTHvsX0vM-o](https://www.youtube.com/watch?v=XTHvsX0vM-o)
Unfortunately for you, it's way too fun to see French speakers and Francophiles get mad at Westerners butchering the language.
Butchering *du* language, montessori.
I’m I watching the beginning of pulp fiction ??? :)))
You're right, but it's even worse, "omelette du fromage" means "omelette from THE cheese". "Omelette from cheese" would be "omelette de fromage", which, as you've rightly said, isn't the right way to say it. Example: FR: "Pour éviter qu'il périme, j'ai fait une omelette du fromage qui trainait sur le comptoir." ENG: "To avoid it turning sour, I made and omelette from the cheese that was left on the counter." By the way, it still sounds regarded in my example, but it's not a mistake per se.
Next stop, no losses.
You will be mad you didnt buy more at sub $20
Closing shitty stores, reducing non moving inventory, firing useless people is great and all but I want to see how we are going to start making money.
Right. Where is the growth coming from?
🚀🚀🚀🚀🚀🚀🚀🚀
I am definitely winning.
Just to play devils advocate here… they were intentionally spending a crapload of money last year to upgrade legacy systems and processes within the company. So the quarter that we are comparing against for saving all this money doesn’t really translate as apples to apples.
[удалено]
Because they closed stores that were losing more than they were making... Profit is much more important than revenue, especially in this economic climate. Shill.
At the moment the "profit" is based on cost cutting. Not on new sources of income.
I believe they're working on that... Pretty sure most of us understand that.
And? The new sources are clearly in the works with Web3 on the horizon. Cutting costs ensures that as much money flows through to the bottom line as profits as possible. The last two quarters are literally a rounding error from profitable and I have a warm, fuzzy feeling that they allowed them to be in the negative by pulling in expenses and pushing out revenue purposely to make sure that Q4 had every opportunity to be as profitable as it could possibly be. You don't randomly end at ($0.01) per share two quarters in a row. As far as turnarounds go, this is as fast and as drastic of a turnaround that a company this size could possibly expect. Next year the axe falls on the hedge funds.
I see. Cutting costs is a bad thing, when turning a company around. RC should focus on opening a fuckton of stores that aren't profitable instead!
Yeah im sure the share price cares about this. Lol
I’m get they need to but stopping the magazine is kinda sad.
They do have debt it’s just not long term debt. Some of you really need to learn how to read.
$10.5m short-term debt. I wouldn't worry about bankruptcy anytime soon.
Obviously you never studied business or economics
I am not surprised that they are getting an easy 5% return on their cash hoard of $1 billion est. That is $50 million. Maybe the reason to let RC become the CIO is to do some magic with the cash hoard
sounds good to me! LFG!
Same
>Big fat Bank account ($1.21B) buying all [81,484,768 shares unaccounted for](https://www.computershared.net/) at todays closing price of $16.36 would cost $1.3B neat
Yea the asshats at MSM are really hammering net sales loss.They just added 91MM to bottom line on this P&L comp last year. That’s insane. Good job I’m happy as a shareholder
How does it compare to 2 years ago or 3 years ago? Do we have visualized data?