GME gonna do a stock split! Good bye Hedgies.
(media.greatawakening.win)
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When this company crashes - it's going to take down a lot of people.
I have nothing against GME, but their business model is as outdated as BlockBuster Video was. Games are bought, in mass, from places like Amazon, Walmart and through online distribution hubs such as Steam.
A store dedicated to selling new games, and buying used games at pennies on the dollar, is not a growth company. But, it's your money.
That's the old business model. Gamestop is growing and changing. They're expanding product lines with the goal of becoming a one stop shop for all things pertaining to geek culture. Video games, consumer electronics, trading cards, licensed apparel, novelty gifts; the list is endless. Like it or hate it, nerds will drop stupid amounts of money on things they love. BlockBuster failed to change with the times. Gamestop, under their new leadership, is not making the same mistake.
I understand your point, but every comic book store does exactly the same thing. They are seldom in business more than a decade.
Best of luck to you and GME. I just do not believe in their business plan
Blockbuster, Sears,.. was naked shorted to the ground by same people who tried do this to Gamestop. They got their people in these companies (hired consultant from certain company or even got their CEOs there) to erode them gradualy from within by making bad decisions. It's worse than you think. Check some DD on superstonk and you will be amazed how corrupt everything in financial markets really is.
And we found out about Boston Consulting too. Hedgies r fukt.
Think bigger. Just look at Gamestop's website. They're even selling kitchen appliances now, and since Ryan Cohen bought such a huge stake in Bed, Bath, & Beyond, there's speculation that they'll be expanding their offerings even more in the home goods area.
The prevailing theory is that Cohen is trying to rival Bezos. He wants to build an alternative Amazon that features brick and mortar stores in addition to e-commerce.
^^^. This is new information. It's presenting convincing data, it's showing that the GME method of doing business is revolutionizing itself.
Congratulations, this is how you win the hearts and minds; unlike others who used the "tried and true" liberal method of attacking anyone who dares question the narrative (while they bitch about this method used on them with COVID) - you saw an opportunity and rose to the occasion.
My compliments, you have presented something to think upon.