YoY sales up 13.89%.
What is your source?
Because this source says different. Says sales are DOWN 21.28% (YoY):
https://finance.yahoo.com/quote/GME/financials?p=GME
What liabilities do they possess that are going to magically bankrupt them, exactly?
Current liabilities exceed cash. And they are losing money.
They have a lot of money, and are making more year over year.
They have less in cash than current liabilities. $1.4B cash, $1.5B current liabilities.
And they ain't "making money" (i.e. profit), they are losing money every year/quarter. And the rate of losses is increasing.
No matter how you look at it, operating loss, cash flow loss from operations, whatever. Around $400M per year in losses.
They have closed 1000 stores in underperforming areas
Gee ... I wonder why.
They are leaner than ever and are working on reducing logistical overhead costs.
Well, that is good news, and you are the first person in two long threads who actually mentioned this, or anything that might help the company turn around.
If they can turn it around, you have a shot.
I have my doubts, though. We will see who turns out right.
stock price is up from 40.69$ on 2/18/21 to 119.00$ today 1/16/22.
So what? That's just an arbitrary date, as is any other date. I can also say it is down from $483. We are both right. So what?
So, the stock price is up ~3000% from 18 months ago.
And it's down 80% from its high. Why not sell in the $300's? $200's? And buy back in later?
The fact that it has been a rollercoaster doesn't really mean anything other than it has been a rollercoaster. Anyone who bought under the current price is up. I get it. But I would bet that does not apply to most people around here. Just a hunch.
And it would not apply to anyone who is thinking of buying now, based in part on what people around here and on Reddit say. That is the big issue to me.
The company is dog shit, based on its financials. The naked short story is no longer valid, unless it is "hidden naked shorts" which looks more like a wet dream than anything substantive.
You aren't very well researched so you wouldn't know this- the price is in fact not real. It didn't hit 483 then 40 then 350 then 120 then 170 then 90 then 115 because of price discovery from retail trading for a dying brick and mortar. It likely has a billion synthetic shares shorted getting rolled over through FTDs and deep ITM calls among many shenanigans keeping the price down.
Let's put it this way: Were there real people who bought it around $450 through their broker, and the broker took real cash out in exchange for the shares? $400? $350? $300? $250? $200? $150?
Did real people pay real money to buy those shares from a real broker, or are you saying it is all an illusion? If they did, then they got SMOKED due to the pump and dump story that is STILL a pump and dump ... UNTIL PROVEN OTHERWISE.
They also have a chairman who built chewy from the ground up into billions of dollars
That's a plus. Chewy looks like a decent company. A little tight on the financials, but the revenue growth is impressive, and that means they will attract capital infusions when needed.
That is not the case with GME. Maybe he can turn it around.
They also have brain drained the whole fucking market for 100s of top executives, program leaders, and coders to roll out all the awesome shit they are doing right now.
Good move, potentially.
I haven't even gotten started on the fact that they are going to be foundational for NFTs, the metaverse, and blockchain technology.
Maybe. Have you seen all the "electric car companies" that are just puffing smoke up your skirt lately? Electric cars, blockchain, cyrptocurrency are all "hot" right now. This is a negative sign to me. We'll see if they actually do anything.
Biotech stocks are constantly pushing the next great "cure." Lemmings jump on board, stock shoots up, professionals and insiders take their profits, and he stock crashes back to the ground, where it belongs.
Happens ALL THE TIME. Same with the "hot" new stuff.
Talk is cheap. VERY CHEAP -- but also VERY profitable, for pump and dumpers. Let's see how they roll.
In April 2021 they did their first share offer and raised $551 million In June 2021 they did the second and final share offering and raised $1.13 billion. The 1.681 billion they raised put them way net positive in terms of assets to debt/liabilities ratios.
Yes, I saw that they got a capital infusion recently, of $1.5 billion. If they didn't they would have gone bankrupt already.
But that money is not helping much. It's just enough to keep them floating a little longer ... until either then next infusion, or bankruptcy.
The "hot" story is most likely their attempt to find the next sucker ... err, I mean ... investor to float them some more money sometime this year.
Maybe they pull it off, BUT ... burn rate and current liabilities. That is what the CEO is thinking about every night when he goes to bed. Guaranteed.
Try to at least look at the facts or do some research before writing with such confidence. Embarrassing.
Now, see there? Here I was, gonna say something nice about you FINALLY coming in and providing this kind of response to my challenges, when nobody else would, and then you have to be a dick about it.
Let's clear up one thing. You provided ZERO SAUCE for your claims that GME's revenues are up (rather than down) and that they are profitable (when, in fact, they are losing money).
My sauce:
Yahoo Finance:
https://finance.yahoo.com/quote/CHWY/balance-sheet?p=CHWY
Securities and Exchange Commission:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001326380&owner=exclude
BTW, the numbers from both sources match. And why wouldn't they? Yahoo is taking the data directly from the SEC.
Check it out. GME revenues are DOWN, not up. They are LOSING money, not making money.
What is YOUR sauce that claims otherwise? Strange that you didn't provide any.
(Embarrassing, even.)
YoY sales up 13.89%.
What is your source?
Because this source says different. Says sales are DOWN 21.28% (YoY):
https://finance.yahoo.com/quote/GME/financials?p=GME
What liabilities do they possess that are going to magically bankrupt them, exactly?
Current liabilities exceed cash. And they are losing money.
They have a lot of money, and are making more year over year.
They have less in cash than current liabilities. $1.4B cash, $1.5B current liabilities.
And they ain't "making money" (i.e. profit), they are losing money every year/quarter. And the rate of losses is increasing.
No matter how you look at it, operating loss, cash flow loss from operations, whatever. Around $400M per year in losses.
They have closed 1000 stores in underperforming areas
Gee ... I wonder why.
They are leaner than ever and are working on reducing logistical overhead costs.
Well, that is good news, and you are the first person in two long threads who actually mentioned this, or anything that might help the company turn around.
If they can turn it around, you have a shot.
I have my doubts, though. We will see who turns out right.
stock price is up from 40.69$ on 2/18/21 to 119.00$ today 1/16/22.
So what? That's just an arbitrary date, as is any other date. I can also say it is down from $483. We are both right. So what?
So, the stock price is up ~3000% from 18 months ago.
And it's down 80% from its high. Why not sell in the $300's? $200's? And buy back in later?
The fact that it has been a rollercoaster doesn't really mean anything other than it has been a rollercoaster. Anyone who bought under the current price is up. I get it. But I would bet that does not apply to most people around here. Just a hunch.
And it would not apply to anyone who is thinking of buying now, based in part on what people around here and on Reddit say. That is the big issue to me.
The company is dog shit, based on its financials. The naked short story is no longer valid, unless it is "hidden naked shorts" which looks more like a wet dream than anything substantive.
You aren't very well researched so you wouldn't know this- the price is in fact not real. It didn't hit 483 then 40 then 350 then 120 then 170 then 90 then 115 because of price discovery from retail trading for a dying brick and mortar. It likely has a billion synthetic shares shorted getting rolled over through FTDs and deep ITM calls among many shenanigans keeping the price down.
Let's put it this way: Were there real people who bought it around $450 through their broker, and the broker took real cash out in exchange for the shares? $400? $350? $300? $250? $200? $150?
Did real people pay real money to buy those shares from a real broker, or are you saying it is all an illusion? If they did, then they got SMOKED due to the pump and dump story that is STILL a pump and dump ... UNTIL PROVEN OTHERWISE.
They also have a chairman who built chewy from the ground up into billions of dollars
That's a plus. Chewy looks like a decent company. A little tight on the financials, but the revenue growth is impressive, and that means they will attract capital infusions when needed.
That is not the case with GME. Maybe he can turn it around.
They also have brain drained the whole fucking market for 100s of top executives, program leaders, and coders to roll out all the awesome shit they are doing right now.
Good move, potentially.
I haven't even gotten started on the fact that they are going to be foundational for NFTs, the metaverse, and blockchain technology.
Maybe. Seen all the "electric car companies" that are just puffing smoke up your skirt? Electric cars, blockchain, cyrptocurrency are all "hot" right now. This is a negative sign to me. We'll see if they actually do anything.
Biotech stocks are constatly touting the next great cure, and most fizzle into nothing. Same with the "hot" new stuff. Let's see how they roll.
In April 2021 they did their first share offer and raised $551 million In June 2021 they did the second and final share offering and raised $1.13 billion. The 1.681 billion they raised put them way net positive in terms of assets to debt/liabilities ratios.
Yes, I saw that they got a capital infusion recently, of $1.5 billion. If they didn't they would have gone bankrupt already.
But that money is not helping much. It's just enough to keep them floating a little longer ... until either then next infusion, or bankruptcy.
The "hot" story is most likely their attempt to find the next sucker ... err, I mean ... investor to float them some more money sometime this year.
Maybe they pull it off, BUT ... burn rate and current liabilities. That is what the CEO is thinking about every night when he goes to bed. Guaranteed.
Try to at least look at the facts or do some research before writing with such confidence. Embarrassing.
Now, see there? Here I was, gonna say something nice about you FINALLY coming in and providing this kind of response to my challenges, when nobody else would, and then you have to be a dick about it.
Let's clear up one thing. You provided ZERO SAUCE for your claims that GME's revenues are up (rather than down) and that they are profitable (when, in fact, they are losing money).
My sauce:
Yahoo Finance:
https://finance.yahoo.com/quote/CHWY/balance-sheet?p=CHWY
Securities and Exchange Commission:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001326380&owner=exclude
BTW, the numbers from both sources match. And why wouldn't they? Yahoo is taking the data directly from the SEC.
Check it out. GME revenues are DOWN, not up. They are LOSING money, not making money.
What is YOUR sauce that claims otherwise? Strange that you didn't provide any.
(Embarrassing, even.)
YoY sales up 13.89%.
What is your source?
Because this source says different. Says sales are DOWN 21.28% (YoY):
https://finance.yahoo.com/quote/GME/financials?p=GME
What liabilities do they possess that are going to magically bankrupt them, exactly?
Current liabilities exceed cash. And they are losing money.
They have a lot of money, and are making more year over year.
They have less in cash than current liabilities. $1.4B cash, $1.5B current liabilities.
And they ain't making it money (i.e. profit), they are losing money every year/quarter. And the rate of losses is increasing.
No matter how you look at it, operating loss, cash flow loss from operations, whatever. Around $400M per year in losses.
They have closed 1000 stores in underperforming areas
Gee ... I wonder why.
They are leaner than ever and are working on reducing logistical overhead costs.
Well, that is good news, and you are the first person in two long threads who actually mentioned this, or anything that might help the company turn around.
If they can turn it around, you have a shot.
I have my doubts, though. We will see who turns out right.
stock price is up from 40.69$ on 2/18/21 to 119.00$ today 1/16/22.
So what? That's just an arbitrary date, as is any other date. I can also say it is down from $483. We are both right. So what?
So, the stock price is up ~3000% from 18 months ago.
And it's down 80% from its high. Why not sell in the $300's? $200's? And buy back in later?
The fact that it has been a rollercoaster doesn't really mean anything other than it has been a rollercoaster. Anyone who bought under the current price is up. I get it. But I would bet that does not apply to most people around here. Just a hunch.
And it would not apply to anyone who is thinking of buying now, based in part on what people around here and on Reddit say. That is the big issue to me.
The company is dog shit, based on its financials. The naked short story is no longer valid, unless it is "hidden naked shorts" which looks more like a wet dream than anything substantive.
You aren't very well researched so you wouldn't know this- the price is in fact not real. It didn't hit 483 then 40 then 350 then 120 then 170 then 90 then 115 because of price discovery from retail trading for a dying brick and mortar. It likely has a billion synthetic shares shorted getting rolled over through FTDs and deep ITM calls among many shenanigans keeping the price down.
Let's put it this way: Were there real people who bought it around $450 through their broker, and the broker took real cash out in exchange for the shares? $400? $350? $300? $250? $200? $150?
Did real people pay real money to buy those shares from a real broker, or are you saying it is all an illusion? If they did, then they got SMOKED due to the pump and dump story that is STILL a pump and dump ... UNTIL PROVEN OTHERWISE.
They also have a chairman who built chewy from the ground up into billions of dollars
That's a plus. Chewy looks like a decent company. A little tight on the financials, but the revenue growth is impressive, and that means they will attract capital infusions when needed.
That is not the case with GME. Maybe he can turn it around.
They also have brain drained the whole fucking market for 100s of top executives, program leaders, and coders to roll out all the awesome shit they are doing right now.
Good move, potentially.
I haven't even gotten started on the fact that they are going to be foundational for NFTs, the metaverse, and blockchain technology.
Maybe. Seen all the "electric car companies" that are just puffing smoke up your skirt? Electric cars, blockchain, cyrptocurrency are all "hot" right now. This is a negative sign to me. We'll see if they actually do anything.
Biotech stocks are constatly touting the next great cure, and most fizzle into nothing. Same with the "hot" new stuff. Let's see how they roll.
In April 2021 they did their first share offer and raised $551 million In June 2021 they did the second and final share offering and raised $1.13 billion. The 1.681 billion they raised put them way net positive in terms of assets to debt/liabilities ratios.
Yes, I saw that they got a capital infusion recently, of $1.5 billion. If they didn't they would have gone bankrupt already.
But that money is not helping much. It's just enough to keep them floating a little longer ... until either then next infusion, or bankruptcy.
The "hot" story is most likely their attempt to find the next sucker ... err, I mean ... investor to float them some more money sometime this year.
Maybe they pull it off, BUT ... burn rate and current liabilities. That is what the CEO is thinking about every night when he goes to bed. Guaranteed.
Try to at least look at the facts or do some research before writing with such confidence. Embarrassing.
Now, see there? Here I was, gonna say something nice about you FINALLY coming in and providing this kind of response to my challenges, when nobody else would, and then you have to be a dick about it.
Let's clear up one thing. You provided ZERO SAUCE for your claims that GME's revenues are up (rather than down) and that they are profitable (when, in fact, they are losing money).
My sauce:
Yahoo Finance:
https://finance.yahoo.com/quote/CHWY/balance-sheet?p=CHWY
Securities and Exchange Commission:
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001326380&owner=exclude
BTW, the numbers from both sources match. And why wouldn't they? Yahoo is taking the data directly from the SEC.
Check it out. GME revenues are DOWN, not up. They are LOSING money, not making money.
What is YOUR sauce that claims otherwise? Strange that you didn't provide any.
(Embarrassing, even.)