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0 pointsbboygravity1y ago0 comments

Let's not ignore the fact that you call GameStop a meme-stock.

Please explain how it is a meme-stock in 2024 and what that even means? What's the definition? Like how is GameStop not a "real" stock or "real" company?

It has 4 billion cash on hand (for 10B market cap company), no debt and is profitable. It had NONE of that before RC bought himself in. How is that a declining company? Or how does this fall under "not much seems to be changing"?

Also "every positive thing that happened to the company, can be credited to the pumping of the stock" makes no sense at all. 3 of the 4 billion cash on hand was from stock offerings that happened this year. On 0 news. Every single spike in the past 3 years was on 0 news. You can keep blaming "pumping", that's fine. But you'll have to specify who's doing the pumping and why to make that statement have any meaning. It's unlikely that household investors are doing 100+ million volume A DAY in a company that issued around 300 million stocks total (referring to the 300%+ spike days this year on 0 news).

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TrackerFF1y ago

The long short of it is that revenue keeps falling, they're barely making a profit, and at best, they're just inching toward a net positive. They've been losing money for the past 6 years, and this year they're looking to make a small profit.

They have little debt, and lots of cash at hand, but seemingly no good core business model.

If they can convert this, great - but they're not much more worth than the cash they have. If they can't use that money to grow, then what good is it?

bboygravityOP1y ago

1. They went from 400 million in losses to profitable.

2. Went from 0 cash + debt, to 4 billion cash and no debt.

Within 3 years.

So what do you expect from new CEO's and BoD who jump into a "dying brick & mortar" and turn it around like that? Like if the above is "nothing", "not good enough" and "declining", what does "good enough" look like to you?

IMO this is nothing short of a leadership miracle. The company would not have existed by now if it wasn't for Ryan Cohen. Who by the way has a salary of 0 USD. For the past 3 years.

Like why is he doing this for no salary? hmm?

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