True on the number of upcoming anticipated/projected store closures, but the article cited some negative sales numbers --
"...The analysts also highlighted the significant decline in annual revenue, with hardware and accessory sales plummeting by 28 percent and software sales falling by 15 percent. Additionally, collectible sales have experienced a 3.7 percent decrease, according to Retail Dive. ..."
That said, when POTUS takes the reins again in late January I expect the market in general to bounce back (with notable exceptions like "healthcare"). As I said, I don't follow GME so am not familiar with any propaganda/hit pieces that get lobbed at it, just wanted to report it here as a brief search didn't show anyone brought this up as yet.
They didnt mention the proffit they made,but i agree the company needs to buy something and go different directions, buy buy baby would fit right in.
I expect this year will be a repeat of 4 years ago,with very simiilar spikes in Jan and March. 2017 and 2021 cycle the swaps/ shorts need to be reset or purchased. They company also said they don't anticipate selling anymore shares.
If we have a big run,I will sell my non- drs shares and try to ride the wave,sell high and buy low again.
Are you familiar with Retail Dive (the analysts cited)? I did a cursory look at their leadership and nothing jumped out at me, but did not delve deeper. I'm largely out of the investment world these days so don't know the reputable players vs the market manipulators.
After 4 years the GME floor is higher than its ever been for the last month. Just look at a 1 year chart (when in doubt, zoom out). Gensler is out, Trump is in, Nunes has already put the short sellers on notice for RICO violations.
So now they are pulling out the bigger MSM guns. Its a desperate attempt to stop FOMO.
And the store closures were in Germany where GME have just ceased operating:
Please see my comments on this, below (in another comment). Here's the link for reported domestic/USA store closures for this company. I'm just the messenger here, have no vested interest here other than to inform fellow anons who DO have a vested interest in this. If the data contained in the following link is fictitious, made-up, etc, that's one thing, but if it's accurate, it does no one any good to pretend things are as they wish, not what they are. It's also not unusual for CEOs to shutter bricks-and-mortar locations to realign their assets to more profitable areas as they read and analyze the data for their businesses. Closures of stores isn't a death knell for a business and may, in fact, prove to be more profitable over time if the CEOs future projections were accurate. CEOs take risks and realign the company's assets as they see fit as part of their skill sets, just a normal MO.
This post is reporting that there were store closures and there will be more of them. Another anon is claiming there were no USA store closures yet the following link lists them. There's a disconnect here and getting the reality, the truth, out is part of what anons do here at GAW. If the data in the following link is fictitious, the comments of others seeming to verify store closures near them also fake and made-up, all the articles about domestic store closures made-up, not real, that's one thing, but wishful thinking creating an alternate reality is really not what we should be doing. MHO
You decide what you do with data that can potentially affect your everyday life.
Thanks that's good to know,and more than I expected. I like lots of other companies more for their growth potential. The main things I like here are the shorts and the 4.5 billion in the bank.
Looks like a normal hit piece on GME. a lot of FUD, with no facts on how many stores they plan to sell.
They also didn't mention the fact that they have zero debt and 4.5 billion in cash.
Articals like this tell me to buy more. A lot more.
True on the number of upcoming anticipated/projected store closures, but the article cited some negative sales numbers --
"...The analysts also highlighted the significant decline in annual revenue, with hardware and accessory sales plummeting by 28 percent and software sales falling by 15 percent. Additionally, collectible sales have experienced a 3.7 percent decrease, according to Retail Dive. ..."
That said, when POTUS takes the reins again in late January I expect the market in general to bounce back (with notable exceptions like "healthcare"). As I said, I don't follow GME so am not familiar with any propaganda/hit pieces that get lobbed at it, just wanted to report it here as a brief search didn't show anyone brought this up as yet.
They didnt mention the proffit they made,but i agree the company needs to buy something and go different directions, buy buy baby would fit right in.
I expect this year will be a repeat of 4 years ago,with very simiilar spikes in Jan and March. 2017 and 2021 cycle the swaps/ shorts need to be reset or purchased. They company also said they don't anticipate selling anymore shares.
If we have a big run,I will sell my non- drs shares and try to ride the wave,sell high and buy low again.
https://www.reddit.com/r/Superstonk/comments/1hbyto8/gme_has_been_riding_4year_cycles_since_2017_the/
Here is some good DD on the 4 year cycle.
Are you familiar with Retail Dive (the analysts cited)? I did a cursory look at their leadership and nothing jumped out at me, but did not delve deeper. I'm largely out of the investment world these days so don't know the reputable players vs the market manipulators.
No.
Fox News aired positive news for GME last week: https://old.reddit.com/r/Superstonk/comments/1hcy40b/first_stop_50_next_stop_100_plus/
Then DailyMail suddenly did a hit peice like the next day. This Breitbart article is a direct repost of the DM article: https://www.dailymail.co.uk/galleries/article-14190017/Major-video-game-retailer-plans-widespread-store-shutdowns.html
After 4 years the GME floor is higher than its ever been for the last month. Just look at a 1 year chart (when in doubt, zoom out). Gensler is out, Trump is in, Nunes has already put the short sellers on notice for RICO violations.
So now they are pulling out the bigger MSM guns. Its a desperate attempt to stop FOMO.
And the store closures were in Germany where GME have just ceased operating:
https://old.reddit.com/r/Superstonk/comments/1h88bby/its_oficial_now_gamestop_goes_dark_in_germany/
Thanks. I knew about the 300 stores,I didn't know or forgot they were all in Germany. They write shit like this to prevent FOMO buying.
Seeing non financial MSM like DailyMail doing anti-FOMO hitpeices is extremely bullish.
They would just not report it at all if they werent afraid of FOMO.
"... all in Germany. ..."
Please see my comments on this, below (in another comment). Here's the link for reported domestic/USA store closures for this company. I'm just the messenger here, have no vested interest here other than to inform fellow anons who DO have a vested interest in this. If the data contained in the following link is fictitious, made-up, etc, that's one thing, but if it's accurate, it does no one any good to pretend things are as they wish, not what they are. It's also not unusual for CEOs to shutter bricks-and-mortar locations to realign their assets to more profitable areas as they read and analyze the data for their businesses. Closures of stores isn't a death knell for a business and may, in fact, prove to be more profitable over time if the CEOs future projections were accurate. CEOs take risks and realign the company's assets as they see fit as part of their skill sets, just a normal MO.
This post is reporting that there were store closures and there will be more of them. Another anon is claiming there were no USA store closures yet the following link lists them. There's a disconnect here and getting the reality, the truth, out is part of what anons do here at GAW. If the data in the following link is fictitious, the comments of others seeming to verify store closures near them also fake and made-up, all the articles about domestic store closures made-up, not real, that's one thing, but wishful thinking creating an alternate reality is really not what we should be doing. MHO
You decide what you do with data that can potentially affect your everyday life.
.
https://gsclosing.blogspot.com/2024/01/all-2024-closings-ytd-11.html
Thanks that's good to know,and more than I expected. I like lots of other companies more for their growth potential. The main things I like here are the shorts and the 4.5 billion in the bank.