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$GameStop (GME.US)$ the revenues are going down basically Co...
$GameStop (GME.US)$ the revenues are going down basically Cohen has failed since he is taking over. he's done nothing a big fat nothing sandwich. if he was smart he would take all that money that's sitting in a money market account collecting interest and buy Bitcoin with it, that's what he should have done when he first took over. imagine how high the stock would be if he would have done that? instead the business is ultimately failing. there's enough cash there that he could do exactly what Michael Saylor is doing with Bitcoin. and then as he's making money close down the unprofitable stores because there's a lot of them and it'll be very easy to figure out which ones are losing the most amount of money and pay off the landlords and just close them down. and is Bitcoin goes back over 100 and 110 and 150 and 200 this up and coming year the company now becomes profitable if they maintain their current plan they're just going to continue to burn money revenues will decline and everybody is waiting for their gamma squeeze that will never happen ever again.
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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J Bradley : That’s like if I took my money I made yesterday and bet the Yankees would lose the 2004 World Series.
10baggerbamm OP J Bradley : not sure I follow you but I'm pretty sure that the Red Sox swept St Louis 4-0
J Bradley 10baggerbamm OP : I’m talking about the comeback to get to the World Series.
Plus, Ryan Cohen is the reason they have no debt and 4.5B in cash, which was only accrued mostly this year.
Obviously he has closed down multiple locations because expenses are way down. If you close stores your revenue would drop too, right?
EPS is positive. They actually made profit this year. It’ll go up.
I like the stock.
10baggerbamm OP J Bradley : if you are a leader and a turnaround specialist then your revenues are not going to drop you're going to be able to come up with innovation and creativity to increase your top line sales so trying to justify by saying well he closed stores down that we're losing money so obviously the revenue is going to be less that's bullshit you've had three years. and that 4 billion is delusion you the shareholder got fucked over so look in the mirror and say RC fucked me over because I am now diluted my shares are worth less think of it this way it's inflation he put more stock out there he printed it and he devalued your currency that's what he did to you.
J Bradley 10baggerbamm OP : Good idea deleting your comment, it was probably bearish, boring, and not worth reading anyways.
10baggerbamm OP J Bradley : I didn't delete my comment I don't know what you're referring to. Ryan Cohen has failed shareholders. plain and simple he has done nothing since he is taking over 3 years ago any average CEO could have done the same if not a better job than he did and the proof is revenue that's the bottom line because in business the only thing that matters are sales because with sales come profits and he ain't selling shit because revenues are going the wrong way I believe that's what you call a drop the mic moment
already_rich 10baggerbamm OP : then why tf are you commenting here? fuck off for real dude. no one wants you here, we've all heard what youre gonna say already. if you believe what you say then buy puts pussy
10baggerbamm OP already_rich : oh really that's the best you can do fuck off seriously what's the matter you're losing your shirt in the shit did you buy it at $32 last week thinking you're getting your gamma squeeze you dumb ass. I'll post where I want when I want how often I want you don't like it fuck off
J Bradley 10baggerbamm OP : Kind of cringey to call your own mic drop.
Sales are important for a company, however, a company that doesn’t evolve will not last. Look at Macy’s, one of the largest companies just reported that their earnings report was put off because someone had been hiding ~$150m in expenses. Macy’s has an incredible amount of sale, but failing to keep their own books.
The time that GME spends lowering expenses and running lean are so they can evolve into a new entity.
Warren Buffet’s company used to be a textile company until he received permission to invest its cash into stocks and create a holding company out of it.
10baggerbamm OP Eric777 : I think I know a little bit about what drive stocks and RK he's done at this point he is no clout any longer he moved stocks once if you look at his cryptographic posts they have little to no effect at this point in time and any spikes in stocks are immediately reversed within a day.
declining revenues result in lower stock prices. he's had three years to grow revenues what has he done that he has been effective at aside from diluting shareholders oh and taking a nice paycheck for himself and oh that's right not even having conference calls with at the end of the quarter that's pretty fucked up I would say of course what do I know 38 years maybe I'll learn something like you how long you been doing this couple weeks now
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