Billionaire who made his money from Chewy doing its IPO and then bought up shares of GME and made himself board member, then chairman as largest individual (and possibly overall) shareholder. All GME debt wiped (to prevent banker control), and they now have $1B in cash due to hyper-loyal shareholders who have locked around ~60% of the share float at transfer agent Computershare (offlimits to short hedge funds).
Inevitable end result of the situation will be exposure of billions of fake shares created by short hedge funds illegally to suppress share price. I estimate over 5 billion fake shares have been created and sold to suppress price (based on estimated daily sold shares for reported price action to occur).
It seems that the price now is just a function of people buying it thinking that it was "going to the moon", when the actual price per share, if based on things such as revenue, would be way lower.
Price-to-sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes, Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65 [~$6B in revenue in 2023]
According to above metrics, the correct current price of GME may be somewhere around $59 assuming zero short squeeze impact. It trades at $11.25 right now.
Wow! They really had $6B in revenue in 2023? Maybe the stores I've seen aren't representative, but the ones I have been by don't seem to have many customers.
Apparently lots of online sales for electronics. I get all my electronics from them rather than Amazon. Retail stores appear to be promotion focus during big new game and new console rollouts. Significant sales in used games, accessories, used consoles, and game-related toys if you dig into their sales categories. They appear to be a mini-Amazon looking to add new categories and challenge Amazon directly at some point. Amazon is a contrived artificial monopoly and needs competition across the board.
Gamestop has added significant distribution warehouse capacity (similar to Amazon warehouses) and is putting logistics in place for something huge.
Billionaire who made his money from Chewy doing its IPO and then bought up shares of GME and made himself board member, then chairman as largest individual (and possibly overall) shareholder. All GME debt wiped (to prevent banker control), and they now have $1B in cash due to hyper-loyal shareholders who have locked around ~60% of the share float at transfer agent Computershare (offlimits to short hedge funds).
Inevitable end result of the situation will be exposure of billions of fake shares created by short hedge funds illegally to suppress share price. I estimate over 5 billion fake shares have been created and sold to suppress price (based on estimated daily sold shares for reported price action to occur).
It seems that the price now is just a function of people buying it thinking that it was "going to the moon", when the actual price per share, if based on things such as revenue, would be way lower.
Price-to-sales is probably the best metric to use since GME is reinvesting all of its free cashflow into buying more assets similar to what Amazon did for 10 years straight without showing even 1 cent in earnings. Yes, Amazon showed zero earnings for 10 years and still rocketed to the moon (presumably because they were buying up assets with all free cashflow and their book value was increasing just like GME is doing).
Current P/S for GME is 0.65 [~$6B in revenue in 2023]
Current P/S for MSFT is 13.9
Current P/S for Amazon is 3.4
https://ycharts.com/companies/GME/ps_ratio
According to above metrics, the correct current price of GME may be somewhere around $59 assuming zero short squeeze impact. It trades at $11.25 right now.
Wow! They really had $6B in revenue in 2023? Maybe the stores I've seen aren't representative, but the ones I have been by don't seem to have many customers.
Apparently lots of online sales for electronics. I get all my electronics from them rather than Amazon. Retail stores appear to be promotion focus during big new game and new console rollouts. Significant sales in used games, accessories, used consoles, and game-related toys if you dig into their sales categories. They appear to be a mini-Amazon looking to add new categories and challenge Amazon directly at some point. Amazon is a contrived artificial monopoly and needs competition across the board.
Gamestop has added significant distribution warehouse capacity (similar to Amazon warehouses) and is putting logistics in place for something huge.
SHORTS NEVER CLOSED.
Also, look into naked shorting and synthetic shares.