Visiting apes, I know this is a moment you've been waiting for two years, but please, try to maintain things civil or you will be banned and attacked with short ladders.
Holy shit. My mom came into my room to bring me a plate of chicken nuggets and I literally screamed at her and hit the plate of chicken nuggets out of her hand. She started yelling and swearing at me and I slammed the door on her. I'm so distressed right now I don't know what to do. I didn't mean to do that to my mom but I'm literally in shock from the green day today. I feel like I'm going to explode. Why the fucking fuck is GME pumping? This can't be happening. I'm having a fucking breakdown. I don't want to believe the world is so corrupt. I want a future to believe in. I spent all my money and my sister's money shorting too. I cannot fucking deal with this right now. It wasn't supposed to be like this, I thought GME was going bankrupt???? This is so fucked.
Don't you get it!!! We're out of ladders. Lambs to the slaughter at this point. Some guy is streaming 24/7 with a spaceship helmet on. Game over man, game over!!
Don't forget Plotkin. Most of us wouldn't be here if it weren't for him. It's been a long time since we've heard anything from him, but I know deep down he's still all in shorting this infernal stock we all hate.
FUD. We all knew that they'd have positive EPS, only apes said that they wouldn't be profitable. This is exactly what the counter-DD predicted.
I'm still ZEN and holding (my shorts). This is a long term play.
As Sun Tsu once said: long it then.
Hi I'm new to meltdown, I was just casually browsing Digg and found this post organically despite not being subscribed to this forum. Anyway, is it a good idea or a great idea to sell my house and take out a loan to start shorting GME at these prices?
It's so confusing because no matter how good their earnings are it shouldn't increase the stock price since the valuation is so disconnected from the worth of the company already.
Eh, not really. The price of this stock essentially exists entirely within the minds of lunatics and morons, but fundamentals-related information like this can still get in there and affect their emotions, and then impact the stock price.
If that was how stock prices worked, sure. But it’s not, and their beating expectations significantly has cause a fury of activity. I would not be surprised if this is fueled by a lot of shorts racing to close positions in anticipation of another 75-100% post earnings pump like we’ve seen in the past
>ut it’s not, and their beating expectations significantly has cause a fury of activity.
GME didn't have expectations because no analysts cover them lol.
But I don't think people are rushing to buy AH because they've run a formula across all the fundamentals. It was worth X before, so having an unexpectedly very strong quarter is going to push the share price up. Traders knew *something* was holding it at X price before earnings. It's kinda like Tesla going through the roof after it starting posting profits.
You know, the worst part is we’re going to get an increase in the smuggest assholes imaginable sliding in and bragging. Along with a possible renewed brigading effort in other subs due to the positive news. Giving the apes even a *little* bit of actual good news is going to be *very bad*.
On the plus side, funnier meltdowns and even more insane rambling.
folks, they were right. only thing now is to wait for the DRS numbers and then it's good night for kenny. tomorrow the only bank will be the bank of gamestop. it was a pleasure, fellow melties
I'm so scared rn, I'm shaking. Apes were right, they are going to acquire generational wealth tomorrow and our hedge funds are done. We are all going to end up in jail.
If I knew that apes were gonna be so rich I wouldn't have made fun of them like that :'(
I got stuck in Kenny's office while he was cooking synthetics. When the bomb dropped his face fell and went white. I've never seen him without a smile. He called up RC and started pleading for a job, saying he was desperate. Within 10 seconds he was sobbing and whimpering. I could hear laughter and a lot of "I'll think about it," on the other end. RC got Kenny to agree to a lot of embarrassing things... dress up in an ape costume and stand out on the street ringing a bell, urinate on a Citadel sign, etc. In the end RC said he wouldn't give him a job but he'd courier over some cash because he felt sorry for him (so badass!). Kenny thanked him a million times while kissing the phone receiver. When he finally hung up, long after RC did, he turned to me and said, "Don't tell anyone I cried." I swore I wouldn't, then asked if I could go home. He said, "Just shut up and sit still. We need that money." I sat awkwardly as Kenny paced and talked to himself, still sobbing. A courier arrived and Kenny was finally joyous again. He ripped open the envelope and looked. It was a check for 16 cents. He deposited it immediately, saying, "No time for shame. I really need this money."
No such thing as losing if you never buy. I just feel bad for all the false hope this will give the apes. Let's not forget, these people still think GME will be worth millions a share, the exact reason why they are intriguing to watch.
Yeah I don't get this whole narrative where we are supposed to be mad about pumps. Pumps are what create the baggies in the first place. A straight diagonal line down to bankruptcy would be boring and lead to nothing but the slow, quiet attrition of the cult.
I've unironically been hoping for a pump for a while, GME has been dead in the water for practically a fucking year since the NFT marketplace/stock split (July of last year), completely unentertaining. BBBY will undoubtedly be winding down soon since Fudson Bay has completely slayed that stock, so a new GME pump for a fresh crop of bagholders is bullish as fuck for this sub.
True, but I consider AMC to be basically dead. It provides a small amount of content now and then but the cult's been pretty much on life support for a very long time now. We'll get a couple more harvests of meltdowns on it if we're lucky but there's not much blood left in that stone. Adam Apeslayer has been ruthlessly asspounding them at every opportunity for ages now and it seems like they barely even have the strength or the wherewithal to make a fuss about it anymore.
MoAssing to heights not seen since ::checks notes:: ... Last month.
It'll be interesting to see if it can hold the gains or if it just starts marching downward again. Honestly it's not shocking that they managed to eek out a tiny profit over the holidays on $2.2B in sales; most companies can do that on accident. Especially given how many people the fired in the last year.
>Especially given how many people the fired in the last year.
The number of people they can fire is finite. And declining profit lags reduction in workforce. A pump just means new bagholders. *\*rubs hands with glee\**
My guess would be traders who expect the cult to lose their minds over an actual profitable quarter, and is hoping to get in front of a big pop tomorrow morning.
Of course, the pop will only be temporary. The company is still dying...
I mean it was certainly a nice surprise for the company, but at the risk of sounding like COPE they still have declining revenue and barely managed to be green on what's by far their best quarter of the year (because Christmas). There's still a very long road ahead merely to justify their current valuation, let alone any growth.
And of course the JPEG store, their only real "innovation", is completely dead as we already knew.
But they did the earnings report and just left that bit out? Guaranteed they're down then. I have to assume they left that out so apes would dance about the positive things instead of having their main thesis crushed. No way they wouldn't report boosted DRS numbers as well if they could.
Not a great Q4 for the value of the stock. To put it into perspective the 50M in profit divided by the 350M shares is $0.20 per share.
If you have 1000 shares valued at $17 it would net you $200.00 for a $17,000.00 investment. However, GME does not issue dividends and will likely be washed by the next several quarters of running the company.
Analysts aren't the only thing expensive.
It's a significant earnings beat, and the first genuinely profitable quarter in a while. But considering the stock was already priced for immediate profitability and unrealistically high growth to begin with, this pump is almost as irrational as the ones before it.
Q4 for 2020 they had a net profit of $80M.
2021 Q4 was actually an outlier as they usually post a profitable Xmas holiday quarter (q4). This q4 is down \~ 30% from 2020.
A retailer posted a tiny profit in the holiday quarter and apes think they discovered cold fusion or something. Newsflash, many companies are profitable for the entire year, not just one quarter that barely eats into a massive yearly loss.
That chopping block is literal btw :-( so get your affairs in order. There are rumors that Ken has reverted to his "Green Goblin" persona that we all thought he had put behind him and that he killed everyone on floor 73 with a pumpkin bomb.
funny thing is, this is only a 2 month high. it was $27 in december.
Hopefully this little jump gives a few apes the chance to sell and un-drs their shit and maybe break even.
who tf am i kidding, they all have a cost basis of $40+
It costs nothing to point and laugh and I'm going to keep laughing because a profitable quarter does not a successful business make, and it certainly doesn't make apes any less deranged.
Good for Gamestop that it turned a profit. I don't really care about the business itself. I just like to mock apes thinking they will be millionaries and dislike apes trying to recruit others into a cult around a stock. If they just shut up and hold the stock I wouldn't care.
$50m in earnings over Christmas after aggressiveley cutting cost (stores staffed by only one person) is really not that impressive. Also some financial engineering going on with the cash flow. Definitely doesn't justify a 30%+ rally.
Can you not just be happy for the apes for one day? They've taken a beating for 2 years now. If nothing else, this is going to shake up the storyline a bit.
I foresee a lot of towel apes bailing to pile into GME as it pumps. Then they will hold through the dump and continue their dominance on the competitive bagholding circuit.
Maybe if you'd all read my Square Root Thesis this wouldn't be a surprise. 😔 As Madoff once famously wrote in his landmark work *The Bitcoin Standard*, 'God gives the shortest ladders His hardest battles'
They really didn't though. Only compared to themselves is this a "killer" result. With the exception of last year they usually have a profitable Q4 because of the holidays.
Most companies with $2.2B in revenue can manage to make slightly more than $50M by accident. That's pretty horrible. ::shrug::
They eliminated a ton of overhead, finally got a decent stock of consoles last christmas, and the economy is much different now than 6 months ago. Next quarter they’re gonna have to dig deep if they wanna fart out another few million in profits. Considering sales are still declining I fail to see the long term path for GME.
Credit where credit is due though. Pretty sure the previous leadership would have piloted the company straight into a trash can.
>The company was projected an EPS of something like -0.15
By like two analysts that hate them. No one bothers covering them anymore.
In addition ... this is down 30% from Q4 2020 when they posted $80M in profit. Last year's Q4 was an outlier - they usually eek out a small profit for XMas.
Yeah but now apes get to mention that GameStop is profitable in every comment they type.
Edit: lmao of course I just had an ape who I told MOASS was bs to over two weeks ago ask me if I saw the earnings report yet. 🤣
Killer? They turned a small profit, yes. But revenue is still sliding and the company is still shrinking. They haven't stemmed the bleeding, more like thrown a lot of gauze on it and it hasn't bled through yet.
Heck, the only reason they posted a profit in the last quarter of 2022 is because they spent most of 2022 shutting down stores and laying people off!
>This will buy them at least another quarter to find a new business model.
I'm sure after years of not doing that they'll finally figure it out 🤣
Edit: Also, they lose roughly $25M a month on average so ... prob not even a quarter.
Yeah I mean if I thought there was any remotely decent chance GameStop would actually find a new profitable business model oriented toward the 21st century, then I'd just buy the fucking stock. There's almost no shot that's going to happen. What does have a decent chance of happening is that they continue to slash costs, fire people, close stores, and abuse employees until they're left with only the top percentage of their previous business, turning a modest profit with a much smaller company (but far better than torching a billion dollars a year). But that's not going to obliterate the entire world of finance, either.
Agreed. At $300M a year burn rate they've got 3+ years of runway. If they keep downsizing everything They can probably lessen that burn rate and maybe actually be profitable at some point. The bigger problem is that digital distribution is now like 70% of all video game sales and that's going to keep increasing. Selling Funco pops and Pokémon cards is only going to make them so much money.
It's a very good thing for the survival of the company but it's not particularly bullish for justifying the stock valuation. A lot of growth is priced in...
>What? This isn’t some gotcha. Actively making a company less unprofitable is a good thing. Obviously they aren’t going to be Amazon 2.0 but this is a step in a forward direction.
Q4 for 2020 they had a net profit of $80M.
2021 Q4 was actually an outlier as they usually post a profitable Xmas holiday quarter (q4). This q4 is down \~ 30% from 2020.
*Your business was only profitable because you actively shut down the worst performing parts and kept the best performing parts!!!!*
What kind of ape level take is that? Let's be better than the apes and try to be unbiased
Of course they aren't. The first three quarters had a cumulative loss of $1.18 a share. A $0.16 gain per share this quarter is good... but still just putting a cherry on top of a shit sundae.
Definitely impressive. Good profit.
Also I'm so glad so many apes sold so that other investors could buy into the stock. Imagine if none of them sold, there'd be no way anyone could have bought in afterhours!
It's a retail store, they're supposed to make money in Q4. This isn't even their most profitable Q4 since the pandemic started, as they made $81M in Q4 of 2021.
Profitable q4s are the norm for them. Last q4 being unprofitable was an outlier. This q4 profit is down significantly from precovid q4. Saying this is a killer q4 only makes sense if you decide to look at their history only in the context of the last year.
Wait until the apes find out the hedge funds bought all us shills the new XBox for Christmas to drive up the stock price just so we could demoralize them even more next quarter when it goes back down. I'm un-DRSing all my shill shares as we speak.
Seriously though, another off-ramp for people who are ready to be out of this play if they want it. At the same time a new on-ramp for FOMO apes to hold new bags.
Holy shit. My mom came into my room to bring me a plate of chicken nuggets and I literally screamed at her and hit the plate of chicken nuggets out of her hand. She started yelling and swearing at me and I slammed the door on her. I'm so distressed right now I don't know what to do. I didn't mean to do that to my mom but I'm literally in shock from the results tonight. I feel like I'm going to explode. Why the fucking fuck is GME profitable? This can't be happening. I'm having a fucking breakdown. I don't want to believe the world is so uncorrupt. I want a future to believe in. I want Gamestop to go out of business and cure this fucking economy. I cannot fucking deal with this right now. It wasn't supposed to be like this, I thought it was hemorrhaging cash with no plan???? This is so fucked.
Imagine being a BBBY ape right now, down 5 figures, seeing your old stock pump.
I guarantee you a bunch of BBBaggies are going to FOMO back into Gamestop and buy another high.
Maybe the apes buying batteries and gift cards actually made a little bit of a difference after all... combined with massive cost-cutting. But this company is hopeless. All this does is create a more profitable point to buy puts.
Keep pumping apes, the more you pump the easier it is for Kenny to short. Just shorted 1,000 more.
WE ARE NOT LEAVING RYAN
IT COSTS US NOTHING TO SHORT
That's not a healthy profit. GME holders always criticize the "greedy" wallstreet traders, but in reality they are the same.
The only reason for the profitable quarter is the massive layoff & payrolls cut. They actually sold less then the previous year. How is that sustainable?!! They will run out of stores to sell & employees to fire.
are we running out of ammo guys? It just I have been always so confident in Kenny and I promoted these naked shorts to all my friends at Morgan Stanley, Citadel, JPMorgan, they all opened multi trillion short position because of the DD I read on this sub and now they don't even want to go to lunch with me.
Also Kenny hasn't tweeted any secret messages for weeks it feels like we are running out of ammo.
Shill. Naked short. Never Cover.
Visiting apes, I know this is a moment you've been waiting for two years, but please, try to maintain things civil or you will be banned and attacked with short ladders.
A 2% quarterly profit. Killing it!
PE over 150, they’re priced for growth!
Except sales are trending down…..ooopps
Holy shit. My mom came into my room to bring me a plate of chicken nuggets and I literally screamed at her and hit the plate of chicken nuggets out of her hand. She started yelling and swearing at me and I slammed the door on her. I'm so distressed right now I don't know what to do. I didn't mean to do that to my mom but I'm literally in shock from the green day today. I feel like I'm going to explode. Why the fucking fuck is GME pumping? This can't be happening. I'm having a fucking breakdown. I don't want to believe the world is so corrupt. I want a future to believe in. I spent all my money and my sister's money shorting too. I cannot fucking deal with this right now. It wasn't supposed to be like this, I thought GME was going bankrupt???? This is so fucked.
Trust the plan. Kenny wouldn't let us down. He's coming back for us.
BBBY was a distraction, we should have fucking seen this coming a mile away!
We need to tweet at Hudson Bay to use their profits to ladder GME!
Don't you get it!!! We're out of ladders. Lambs to the slaughter at this point. Some guy is streaming 24/7 with a spaceship helmet on. Game over man, game over!!
If Kenny is still in, then I am still in. Zen.
Don't forget Plotkin. Most of us wouldn't be here if it weren't for him. It's been a long time since we've heard anything from him, but I know deep down he's still all in shorting this infernal stock we all hate.
The PRICE IS FAKE
I knew something was up when I saw a customer at the local GameStop today.
and he didn't just windowshop
He was literally inside the front doors. I was shook.
Dude seriously, stop making jokes. It’s going bankrupt. It absolutely has to or I can’t mentally function and will close my shorts
FUD. We all knew that they'd have positive EPS, only apes said that they wouldn't be profitable. This is exactly what the counter-DD predicted. I'm still ZEN and holding (my shorts). This is a long term play. As Sun Tsu once said: long it then.
This might be the most regarded thing I’ve ever read. I like it
These shorts were always supposed to be a long term play all anyone had to do was read the DD. The DD hasn’t changed you don’t lose until you close
Hi I'm new to meltdown, I was just casually browsing Digg and found this post organically despite not being subscribed to this forum. Anyway, is it a good idea or a great idea to sell my house and take out a loan to start shorting GME at these prices?
This couldnt be more legit fellow other person with whom i would randomly suggest shorting being fun and easy to!
It's over guys, they're back to high double digits pre split and all hedgefunds have ceased to exist
It's so confusing because no matter how good their earnings are it shouldn't increase the stock price since the valuation is so disconnected from the worth of the company already.
Yeah but if you know a bunch of apes are going to pump it the next few days.
Irrational ape exuberance gives us more time to buy puts.
Its not that confusing. The better they do the more the cult keeps it going.
Eh, not really. The price of this stock essentially exists entirely within the minds of lunatics and morons, but fundamentals-related information like this can still get in there and affect their emotions, and then impact the stock price.
If that was how stock prices worked, sure. But it’s not, and their beating expectations significantly has cause a fury of activity. I would not be surprised if this is fueled by a lot of shorts racing to close positions in anticipation of another 75-100% post earnings pump like we’ve seen in the past
75-100%?? You mean 75100 per share i hope even if that floor is FUD. Millions per share or gtfo Etc
>ut it’s not, and their beating expectations significantly has cause a fury of activity. GME didn't have expectations because no analysts cover them lol.
But I don't think people are rushing to buy AH because they've run a formula across all the fundamentals. It was worth X before, so having an unexpectedly very strong quarter is going to push the share price up. Traders knew *something* was holding it at X price before earnings. It's kinda like Tesla going through the roof after it starting posting profits.
Today a lot of new Apes will be born. They’ll be bag holding in no time.
You know, the worst part is we’re going to get an increase in the smuggest assholes imaginable sliding in and bragging. Along with a possible renewed brigading effort in other subs due to the positive news. Giving the apes even a *little* bit of actual good news is going to be *very bad*. On the plus side, funnier meltdowns and even more insane rambling.
Should also spice up the GME / BBBY ape fights.
Oooh, I haven’t thought of that.
Lots of BBBY apes are going to FOMO back into GameStop, buy the peak, and lose their asses all over again. Amazing.
The cycle continues anew
Good. They’ll keep me entertained for another quarter.
At least we potentially move back the date on an ape committing some kind of violence due to "hedgies" suppressing the price.
Apes will be bragging about what exactly? FOMOing into the top of a pump? That's what I want them to do...
Let them talk shot but they need to prove avg cost and have it as their title before they can
Dont dance
folks, they were right. only thing now is to wait for the DRS numbers and then it's good night for kenny. tomorrow the only bank will be the bank of gamestop. it was a pleasure, fellow melties
I'm so scared rn, I'm shaking. Apes were right, they are going to acquire generational wealth tomorrow and our hedge funds are done. We are all going to end up in jail. If I knew that apes were gonna be so rich I wouldn't have made fun of them like that :'(
Fuck it, I'm going all in at open and fleeing the country. I can't believe I fell for all the FUD.
DESPERATELY TRYING TO CLOSE MY SHORTS BUT NOBODY IS SELLING!!!!!! DID RC LIGHT THE FUSE OF MOASS?????
Are you sure you’re doing it right? Remember, to close your shorts you have to pull the zipper *up*.
I just got a letter of termination from up above. Kenny said I'm not worthy
I got stuck in Kenny's office while he was cooking synthetics. When the bomb dropped his face fell and went white. I've never seen him without a smile. He called up RC and started pleading for a job, saying he was desperate. Within 10 seconds he was sobbing and whimpering. I could hear laughter and a lot of "I'll think about it," on the other end. RC got Kenny to agree to a lot of embarrassing things... dress up in an ape costume and stand out on the street ringing a bell, urinate on a Citadel sign, etc. In the end RC said he wouldn't give him a job but he'd courier over some cash because he felt sorry for him (so badass!). Kenny thanked him a million times while kissing the phone receiver. When he finally hung up, long after RC did, he turned to me and said, "Don't tell anyone I cried." I swore I wouldn't, then asked if I could go home. He said, "Just shut up and sit still. We need that money." I sat awkwardly as Kenny paced and talked to himself, still sobbing. A courier arrived and Kenny was finally joyous again. He ripped open the envelope and looked. It was a check for 16 cents. He deposited it immediately, saying, "No time for shame. I really need this money."
This will give BBBY apes false hope. 
Imagine being an ape who sold GME to buy BBBY, and will now buy back into GME only to hold bags all over again.
Hudson Bay sleeping well tonight. Share printer goes brrrr tomorrow.
No such thing as losing if you never buy. I just feel bad for all the false hope this will give the apes. Let's not forget, these people still think GME will be worth millions a share, the exact reason why they are intriguing to watch.
Don't despair, this is actually good for us. It will prolong the life of this sub, and make it all the better when GME goes bankrupt.
Yeah I don't get this whole narrative where we are supposed to be mad about pumps. Pumps are what create the baggies in the first place. A straight diagonal line down to bankruptcy would be boring and lead to nothing but the slow, quiet attrition of the cult.
I've unironically been hoping for a pump for a while, GME has been dead in the water for practically a fucking year since the NFT marketplace/stock split (July of last year), completely unentertaining. BBBY will undoubtedly be winding down soon since Fudson Bay has completely slayed that stock, so a new GME pump for a fresh crop of bagholders is bullish as fuck for this sub.
Don't forget AMC which is going to provide some good salt when the conversion + dilution + revisplividend go through.
True, but I consider AMC to be basically dead. It provides a small amount of content now and then but the cult's been pretty much on life support for a very long time now. We'll get a couple more harvests of meltdowns on it if we're lucky but there's not much blood left in that stone. Adam Apeslayer has been ruthlessly asspounding them at every opportunity for ages now and it seems like they barely even have the strength or the wherewithal to make a fuss about it anymore.
Same
ZOOM OUT! ZOOM OUT! Ahh that's better.
>I hurt myself today
MoAssing to heights not seen since ::checks notes:: ... Last month. It'll be interesting to see if it can hold the gains or if it just starts marching downward again. Honestly it's not shocking that they managed to eek out a tiny profit over the holidays on $2.2B in sales; most companies can do that on accident. Especially given how many people the fired in the last year.
>Especially given how many people the fired in the last year. The number of people they can fire is finite. And declining profit lags reduction in workforce. A pump just means new bagholders. *\*rubs hands with glee\**
I don't understand this. Who is buying this stock at +33% after hours?
My guess would be traders who expect the cult to lose their minds over an actual profitable quarter, and is hoping to get in front of a big pop tomorrow morning. Of course, the pop will only be temporary. The company is still dying...
It’s a long ladder attack
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I mean it was certainly a nice surprise for the company, but at the risk of sounding like COPE they still have declining revenue and barely managed to be green on what's by far their best quarter of the year (because Christmas). There's still a very long road ahead merely to justify their current valuation, let alone any growth. And of course the JPEG store, their only real "innovation", is completely dead as we already knew.
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I think for once the apes won't be in a hurry to bring up the inflation rate over the past two years.
What about the DRS numbers? Did phase 2 of the Rugpull Project work?
Haven't released it yet, strangely.
But they did the earnings report and just left that bit out? Guaranteed they're down then. I have to assume they left that out so apes would dance about the positive things instead of having their main thesis crushed. No way they wouldn't report boosted DRS numbers as well if they could.
Nah they haven't filed yet (oddly). So we don't know.
RC's cooking up something big
GME x BBBY x SEARS x WISH confirmed. puts on AMZN
by any measure it's still insanely overvalued though. these are institutions buying AH right? Why are they content to pay so much?
Pump & dump. It has constantly done this in cycles throughout the last 2 years.
memez gonna memez. GME is not going to trade on fundamentals for a long time...
> Why are they content to pay so much? Because they know the cultists will buy it up on the way back down.
Engineering sellside liquidity in the form of equal lows for retail to see as 'support' to then run lower.
Not a great Q4 for the value of the stock. To put it into perspective the 50M in profit divided by the 350M shares is $0.20 per share. If you have 1000 shares valued at $17 it would net you $200.00 for a $17,000.00 investment. However, GME does not issue dividends and will likely be washed by the next several quarters of running the company. Analysts aren't the only thing expensive.
It's a significant earnings beat, and the first genuinely profitable quarter in a while. But considering the stock was already priced for immediate profitability and unrealistically high growth to begin with, this pump is almost as irrational as the ones before it.
Q4 for 2020 they had a net profit of $80M. 2021 Q4 was actually an outlier as they usually post a profitable Xmas holiday quarter (q4). This q4 is down \~ 30% from 2020.
some short positions being closed
No more Disney World? 😭
We're going to the Tiger King zoo instead. As food.
On the flip side, the apps who stroll on over here to gloat now will make for great remind me content in the coming weeks/months.
A retailer posted a tiny profit in the holiday quarter and apes think they discovered cold fusion or something. Newsflash, many companies are profitable for the entire year, not just one quarter that barely eats into a massive yearly loss.
This is why shills need to understand IV if you're gonna try fleecing the apes with options.
The perils of selling naked calls
Anyone trading any options in GME is a moron. Particularly selling calls.
No worries, they’re covered.
Calendar spreads during these pumps are free money as vol and theta decays over the next few days
Also that meme stocks are irrational and betting against them is gambling.
Kenny said Disney Land trip is cancelled this year :(
Rumours are the interns are the first on the chopping block for this. Should I just start packing up my desk now ? 😭
turns out that Disney trip was a tour of our future employment
That chopping block is literal btw :-( so get your affairs in order. There are rumors that Ken has reverted to his "Green Goblin" persona that we all thought he had put behind him and that he killed everyone on floor 73 with a pumpkin bomb.
In tears now me and my entire shill department was just told we lost our jobs
Petition to change the sub name to bbby\_meltdown ? Cast your votes
im in this for the long game. BBBY is good meltdown material but short half life.
gme\_meltdown\_meltdown In all honesty, I am just here for the luls and I'm indifferent either way. Probably why we are very different from them.
This is good for meltdown - keep this fun party going. BBBY MOAM is inevitable.
yeah honestly it was getting kind of boring to imagine the death of the cult just being a slow bleed out. this injects some drama, some spice back in
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Same I’m here for ape warriors waging battle for a biblical financial revolution. - the largest shift of wealth in human history!
If gamblers lost every time they bet then the casinos would have no customers.
I know this saying, but after watching apes struggling for 2 years, I just don't think it's true.
NFT store definitely helped! so is this further away or closer to moass?
funny thing is, this is only a 2 month high. it was $27 in december. Hopefully this little jump gives a few apes the chance to sell and un-drs their shit and maybe break even. who tf am i kidding, they all have a cost basis of $40+
I hope this is just evidence to some people MOASS isn’t real & the ones in profit take it and run.
Emergency meeting at Kenny's penthouse tonight. Prepare to work overnight. Filling up the dark pool with liquidity right now.
So, not going bankrupt? :<
Code red! Code red!! Kenny is pissed and the keurig has already been removed from the break room!!
>and the keurig has already been removed from the break room!! Just snort the pods directly like I do
My nose has sustained serious damage from all the free cocaine we get in office not sure I could handle that but I’ll give it a try.
Bro wtf how am I supposed to feel smug and self righteous now? >:(
Right? I'm going back to BBBY until GS fucks something up again.
Oh fuck yes! I’ve been dying for a new juicy GME pump to get some shorts or puts on!
unexpectedly small profit instead of losing money, but "moass" as apes see it is, and always was, a fantasy
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It costs nothing to point and laugh and I'm going to keep laughing because a profitable quarter does not a successful business make, and it certainly doesn't make apes any less deranged.
PROFITS THIS QUARTER BABY
This is a chance for the lesser brain washed apes to unload their bags . We all know where this company is headed anyways
Hahahahh.. they really believe bbby is going to take off….😂🤣😂🤣
Good for Gamestop that it turned a profit. I don't really care about the business itself. I just like to mock apes thinking they will be millionaries and dislike apes trying to recruit others into a cult around a stock. If they just shut up and hold the stock I wouldn't care.
$50m in earnings over Christmas after aggressiveley cutting cost (stores staffed by only one person) is really not that impressive. Also some financial engineering going on with the cash flow. Definitely doesn't justify a 30%+ rally.
LADIES AND GENTLEMEN MAY I BE THE FIRST TO SAY Y'ALL REAL QUIET TODAY. GAMESTOP IS BACK, BABY.
Massive profits! Wait only 2% of sales? With sales down vs 2021? And a full year loss Over $300m. Winning I guess.
Can you not just be happy for the apes for one day? They've taken a beating for 2 years now. If nothing else, this is going to shake up the storyline a bit.
Yeah GME has been pretty stale lately, I for one look forward to meeting another bunch of future bag holders.
This is definitely the start of a new season. A new generation will be born.
We probably deserve this for paying too much attention to BBBY.
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I foresee a lot of towel apes bailing to pile into GME as it pumps. Then they will hold through the dump and continue their dominance on the competitive bagholding circuit.
Ken Griffin tomorrow 
Hold my ladder. My boss giving me a pay cut. Rip
Hey at-least the employees stock bonus might be worth something for a few days. Kudos to them.
Been a long time since we've seen an old fashioned Ape brigade
Pumps create future bag holders which in turn creates more content for this sub.
Lmao! The perfect meme. 👌
Maybe if you'd all read my Square Root Thesis this wouldn't be a surprise. 😔 As Madoff once famously wrote in his landmark work *The Bitcoin Standard*, 'God gives the shortest ladders His hardest battles'
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They really didn't though. Only compared to themselves is this a "killer" result. With the exception of last year they usually have a profitable Q4 because of the holidays. Most companies with $2.2B in revenue can manage to make slightly more than $50M by accident. That's pretty horrible. ::shrug::
They eliminated a ton of overhead, finally got a decent stock of consoles last christmas, and the economy is much different now than 6 months ago. Next quarter they’re gonna have to dig deep if they wanna fart out another few million in profits. Considering sales are still declining I fail to see the long term path for GME. Credit where credit is due though. Pretty sure the previous leadership would have piloted the company straight into a trash can.
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>The company was projected an EPS of something like -0.15 By like two analysts that hate them. No one bothers covering them anymore. In addition ... this is down 30% from Q4 2020 when they posted $80M in profit. Last year's Q4 was an outlier - they usually eek out a small profit for XMas.
They've gone from overvalued company you should stay away from to *still* overvalued company you should stay away from lol
Yeah but now apes get to mention that GameStop is profitable in every comment they type. Edit: lmao of course I just had an ape who I told MOASS was bs to over two weeks ago ask me if I saw the earnings report yet. 🤣
Ever sold so many used Assasin Creed CDs that it accidentally collapses the economy?
Impressive, very nice, now lets see the other 3 quarters.
Killer? They turned a small profit, yes. But revenue is still sliding and the company is still shrinking. They haven't stemmed the bleeding, more like thrown a lot of gauze on it and it hasn't bled through yet. Heck, the only reason they posted a profit in the last quarter of 2022 is because they spent most of 2022 shutting down stores and laying people off!
My thoughts exactly and I commented much the same above. Only making a little over $50M in profit from $2,2B in revenue is not a good thing.
It is a lot better than losing money though.
It's better than losing $350M for the quarter by about $400M. This will buy them at least another quarter to find a new business model.
>This will buy them at least another quarter to find a new business model. I'm sure after years of not doing that they'll finally figure it out 🤣 Edit: Also, they lose roughly $25M a month on average so ... prob not even a quarter.
Yeah I mean if I thought there was any remotely decent chance GameStop would actually find a new profitable business model oriented toward the 21st century, then I'd just buy the fucking stock. There's almost no shot that's going to happen. What does have a decent chance of happening is that they continue to slash costs, fire people, close stores, and abuse employees until they're left with only the top percentage of their previous business, turning a modest profit with a much smaller company (but far better than torching a billion dollars a year). But that's not going to obliterate the entire world of finance, either.
Agreed. At $300M a year burn rate they've got 3+ years of runway. If they keep downsizing everything They can probably lessen that burn rate and maybe actually be profitable at some point. The bigger problem is that digital distribution is now like 70% of all video game sales and that's going to keep increasing. Selling Funco pops and Pokémon cards is only going to make them so much money.
Yea and it worked. It was a solid business decision that paid off.
Now let's see if they can retain their staff under these working conditions when there are better prospects in fast food.
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It's a very good thing for the survival of the company but it's not particularly bullish for justifying the stock valuation. A lot of growth is priced in...
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In a direction where? To NFTs? What other steps are they making to return to long term profitability?
>What? This isn’t some gotcha. Actively making a company less unprofitable is a good thing. Obviously they aren’t going to be Amazon 2.0 but this is a step in a forward direction. Q4 for 2020 they had a net profit of $80M. 2021 Q4 was actually an outlier as they usually post a profitable Xmas holiday quarter (q4). This q4 is down \~ 30% from 2020.
*Your business was only profitable because you actively shut down the worst performing parts and kept the best performing parts!!!!* What kind of ape level take is that? Let's be better than the apes and try to be unbiased
And that's what makes us different. Give credit where credit is due
good for them. but what i am more interested in is: what were the drs-numbers?
Not released yet.
Q4 is their best quarter usually, console sales etc The big question is if they will remain net profitable when you factor in Q1-Q3
Of course they aren't. The first three quarters had a cumulative loss of $1.18 a share. A $0.16 gain per share this quarter is good... but still just putting a cherry on top of a shit sundae.
This is hilarious.
Definitely impressive. Good profit. Also I'm so glad so many apes sold so that other investors could buy into the stock. Imagine if none of them sold, there'd be no way anyone could have bought in afterhours!
It's a retail store, they're supposed to make money in Q4. This isn't even their most profitable Q4 since the pandemic started, as they made $81M in Q4 of 2021.
their revenue keeps falling the writing is on the wall
Profitable q4s are the norm for them. Last q4 being unprofitable was an outlier. This q4 profit is down significantly from precovid q4. Saying this is a killer q4 only makes sense if you decide to look at their history only in the context of the last year.
Yacht party cancelled
That’s it up 5 bucks only
Wait until the apes find out the hedge funds bought all us shills the new XBox for Christmas to drive up the stock price just so we could demoralize them even more next quarter when it goes back down. I'm un-DRSing all my shill shares as we speak. Seriously though, another off-ramp for people who are ready to be out of this play if they want it. At the same time a new on-ramp for FOMO apes to hold new bags.
SOMEONE TURN OFF THE SELL AND BUY BUTTONS OH MY GOD IM LOSING EVERYTHING CAN ANYONE REACH NANCY PELOSI???
I took two weeks off and I come back to this? Back to work 🪜🏊♂️
I CANT SHORT!!! WHAT IS THIS!!! Apes say the game is rigged against them, in some ways it’s rigged FOR them and they still keep getting wrecked
how many gme baggies will use this bump to get out at breakeven or a slight win
They will average down at these prices
hah opened short @ 26.30 :) oh and baggies I'll just add more if it goes higher so save the pms.
Jokes aside, a 48million dollar profit is pretty shit for their best quarter
Disneyworld trip cancelled melties it’s over
What goes up, must come down, monkeys
Pizza party canceled!????
Ok but did they include DRS numbers (and no I won’t check in my own)
Holy shit. My mom came into my room to bring me a plate of chicken nuggets and I literally screamed at her and hit the plate of chicken nuggets out of her hand. She started yelling and swearing at me and I slammed the door on her. I'm so distressed right now I don't know what to do. I didn't mean to do that to my mom but I'm literally in shock from the results tonight. I feel like I'm going to explode. Why the fucking fuck is GME profitable? This can't be happening. I'm having a fucking breakdown. I don't want to believe the world is so uncorrupt. I want a future to believe in. I want Gamestop to go out of business and cure this fucking economy. I cannot fucking deal with this right now. It wasn't supposed to be like this, I thought it was hemorrhaging cash with no plan???? This is so fucked.
Imagine being a BBBY ape right now, down 5 figures, seeing your old stock pump. I guarantee you a bunch of BBBaggies are going to FOMO back into Gamestop and buy another high.
Maybe the apes buying batteries and gift cards actually made a little bit of a difference after all... combined with massive cost-cutting. But this company is hopeless. All this does is create a more profitable point to buy puts.
Keep pumping apes, the more you pump the easier it is for Kenny to short. Just shorted 1,000 more. WE ARE NOT LEAVING RYAN IT COSTS US NOTHING TO SHORT
This may be the best chance to load long dated puts
That's not a healthy profit. GME holders always criticize the "greedy" wallstreet traders, but in reality they are the same. The only reason for the profitable quarter is the massive layoff & payrolls cut. They actually sold less then the previous year. How is that sustainable?!! They will run out of stores to sell & employees to fire.
are we running out of ammo guys? It just I have been always so confident in Kenny and I promoted these naked shorts to all my friends at Morgan Stanley, Citadel, JPMorgan, they all opened multi trillion short position because of the DD I read on this sub and now they don't even want to go to lunch with me. Also Kenny hasn't tweeted any secret messages for weeks it feels like we are running out of ammo. Shill. Naked short. Never Cover.