What the financial media hasn't discussed yet to my knowledge (@jimcramer tagging you b/c I know you seek the truth and I respect you):
1) Most of $GME losses last few years were due to non-cash write-offs.
2) Most of $GME revenue decline is due to the sale of Spring Mobile.
1) Most of $GME losses last few years were due to non-cash write-offs.
2) Most of $GME revenue decline is due to the sale of Spring Mobile.
3) The recent sudden drop in business the last 1.5 years was due to customers waiting for next-gen consoles. This only created pent-up demand.
4) Console sales have been declining for nearly 20 years, but those that did DD knew this was about to reverse w/ the next-gen consoles.
4) Console sales have been declining for nearly 20 years, but those that did DD knew this was about to reverse w/ the next-gen consoles.
5) $GME sales are heavily correlated to the number of consoles sold, b/c at the time of the console sale customers tend to...
5a) purchase more new physical games.
5b) purchase extra accessories.
5c) trade-in old consoles/games.
5a) purchase more new physical games.
5b) purchase extra accessories.
5c) trade-in old consoles/games.
6) Trade-ins fuel the next cycle of profit making for $GME.
7) Short-sellers pumped stories in '19 that the new consoles would not have disc drives - they were wrong.
8) Short-sellers pumped stories $GME would go bankrupt before the next console cycle started - they were wrong.
7) Short-sellers pumped stories in '19 that the new consoles would not have disc drives - they were wrong.
8) Short-sellers pumped stories $GME would go bankrupt before the next console cycle started - they were wrong.
9) Short-sellers said $GME couldn't benefit from digital sales - $GME signed a revenue share agreement with $MSFT. Remember the stories that this wasn't a rev share agreement until @DOMOCAPITAL broke the news that it was?
arstechnica.com/gaming/2020/10…
arstechnica.com/gaming/2020/10…
10) In '20, $GME had $5 a share in net cash but was trading as low as $2.50.
11) $GME announced sale leasebacks of properties in very lucrative locations but $GME still traded at a $350M market cap (the SLBs finalized at approx $87M). This is on top of the $5 net cash per share.
11) $GME announced sale leasebacks of properties in very lucrative locations but $GME still traded at a $350M market cap (the SLBs finalized at approx $87M). This is on top of the $5 net cash per share.
12) $GME had many high profile investors with over 5% positions (@ryancohen, @michaeljburry, Must Investment, Donald Foss, Hestia, Permit, and eventually Senvest.
13) $GME has the ability to save millions by exiting International.
13) $GME has the ability to save millions by exiting International.
14) $GME has the ability to save millions by reducing their footprint and transferring sales to other stores that are only blocks away.
15) $GME is only company with a database of customers across h/w makers and s/w developers. Tremendous targeted advertising rev opportunities.
15) $GME is only company with a database of customers across h/w makers and s/w developers. Tremendous targeted advertising rev opportunities.
16) The customer database also opens the door for a strong leader such as @ryancohen to transform $GME into much more than a video game retailer.
17) $GME is already aggressively expanding into the PC market and will steal significant share from @Newegg.
17) $GME is already aggressively expanding into the PC market and will steal significant share from @Newegg.
18) @DOMOCAPITAL can go and on. The financial media needs to stop talking down to @reddit.
Face the facts-many of us did a lot more DD than the hedge funds that kept pumping stories that $GME is a B&M retailer that's going bankrupt.
< 10% of $GME US-based stores are in malls
Face the facts-many of us did a lot more DD than the hedge funds that kept pumping stories that $GME is a B&M retailer that's going bankrupt.
< 10% of $GME US-based stores are in malls
One last one-when the new X-Box was launched, the #1 trending search on Google was not X-Box or Microsoft X-Box.. it was "GameStop X-Box." That is brand awareness and it had/has significant meaning! When I spoke to @ryancohen, I told him about this, and it interested him greatly.
A reminder what the top search was on Google when the X-Box was launched on November 10th (#2 at 200K+ was "Mike Pompeo") - If $GME was a dying company wouldn't the top search be "X-Box" or "Microsoft" or "Best Buy"?
Console cycles matter to $GME. #RecencyBias on full display.
Console cycles matter to $GME. #RecencyBias on full display.
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