Author Topic: GME - Game Stop Corp  (Read 48663 times)

Foreign Tuffett

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Re: GME - Game Stop Corp
« Reply #180 on: September 03, 2020, 09:49:31 AM »
Almost exactly one year from when Burry's open letter to the board created a bit of a short squeeze.

I suppose it doesn't take much for a battleground microcap with high short interest to pop.


Former Teldar Paper Vice President


Foreign Tuffett

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Re: GME - Game Stop Corp
« Reply #181 on: September 09, 2020, 04:17:00 PM »
$252.2 million of gross profit for "over 5,100 stores across 10 countries" (per 10-Q). That just isn't sufficient.

The basic problem here is that GME lost their big gross profit generator (pre owned games) and has never been able to replace it w/ anything else.
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roark33

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Re: GME - Game Stop Corp
« Reply #182 on: September 09, 2020, 04:48:54 PM »
Yeah, and now they are burning their inventory to stay cash flow positive.  That can only last so long. 

Foreign Tuffett

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Re: GME - Game Stop Corp
« Reply #183 on: September 22, 2020, 09:46:52 AM »
https://www.bloomberg.com/news/articles/2020-09-21/top-gamestop-investor-wants-to-turn-retailer-into-amazon-rival

This is a remarkable situation, in which the new activist apparently wants to "broaden GameStopís online selection and compete head-to-head with some of the biggest e-commerce companies....Rather than just offering video games and a smattering of toys, clothing and accessories, GameStopís website would sell a wide range of merchandise and ship it to customers more quickly"

I want some of what he's smoking!



Anyway, good call by writser that all this hubbub could lead to a short squeeze.



"The new Microsoft and Sony gaming consoles have disc drives, which means many consumers will still be buying physical media for them -- a boon for GameStop."

Um, the above sentence from the article isn't even accurate. It should read as follows: "Some of the new Microsoft and Sony gaming consoles have disc drives..." or "Two out of the four new Microsoft and Sony gaming consoles have disc drives...."

Bloomberg needs to hire some 16 year old Call of Duty-playing kids to proofread its articles. 
Former Teldar Paper Vice President