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Message
GameStop's debt to Equity ratio
Posted on 9/1/23 at 2:18 pm
Posted on 9/1/23 at 2:18 pm
quote:
[–]Narrow-View5524 an hour ago
After a quick search, generally anything under 1.0 is considered a good d/e ratio so I can see why you’re hard. I am too let’sss goooo
[–]sithtimesacharm[S] 58 minutes ago
Microsoft is generally considered to have a good debt to equity ratio. They sit in the .25 range were GameStop is 0.029!
Very hard with very good reason.
I wonder if this is where the SHFs expect us to capitalite....?
GameStop's 2nd Quarter earning is next week on Wednesday. GameStop investors are pretty "zen". 4Q was a surprise positive. 1st Q was a slight loss. EPS is -0.6761 GameStop has a billion on hand and only a small COVID low interest loan from the French government. They have been opening stores in better locations, closing others and doing the same with distribution centers. Web3 AAA games are expected to come online the next 2 quarters.
Some - including me - think we might have a positive earnings announcement due to huge Zelda "Tear of the Kingdom" sales. Anyway, the stock price is good, so I will buy some more.
Clowns, bring your down votes.
This post was edited on 9/1/23 at 2:19 pm
4
Posted on 9/1/23 at 2:26 pm to GhostOfFreedom
quote:
GhostOfFreedom
How much are you down?
Posted on 9/1/23 at 2:29 pm to boogiewoogie1978
A little. I brought my bases down a lot over this last year, so about 10%.
I think the company has a great plan and team so, I keep buying, direct registering and holding.
I think the company has a great plan and team so, I keep buying, direct registering and holding.
Posted on 9/1/23 at 2:37 pm to GhostOfFreedom
If it pops and you make a little then I'd sell
Posted on 9/1/23 at 2:42 pm to GhostOfFreedom
quote:They have a billion dollars on hand only because they had a massive stock issuance ($1.67 billion) last year which greatly diluted their shareholders ownership. Their share price has fallen by more than 60% since then.
GameStop has a billion on hand and only a small COVID low interest loan from the French government.
And they've already burned through over $300 million of their cash since then. They've lost money from continuing operations the last four fiscal years and not just a little money.
Their operating losses over that time exceed -$1.2 billion.
Their debt is low most likely because no bank will loan them money.
I'm not sure what you're trying to sell here with GME but it rhymes with "full snit."
Posted on 9/1/23 at 3:07 pm to LSURussian
quote:
I'm not sure what you're trying to sell
I am not selling anything. You can buy GME or not. We all make our own investment decisions.
I think it is a good buy. Also, that stock sale was in June of 2021. They have been sitting on the cash (well, drawing interest) and waiting to either acquire another company or have cash to move on other opportunities. It is better than being in debt like AMC, wouldn't you agree? That is likely the company you confused GameStop with.
Posted on 9/1/23 at 3:07 pm to LSURussian
quote:
I'm not sure what you're trying to sell here with GME but it rhymes with "full snit."
A reddit conspiracy theory cult that thinks GameStop stock will shoot to over a million a share any day now for the past 3 years.
Posted on 9/1/23 at 3:12 pm to GhostOfFreedom
quote:
It'll moon! just wait! diamond hands!
Posted on 9/1/23 at 3:42 pm to DVinBR
That actually made me smile. I upvoted you for that.
BTW, what did Buffet say?
"It's 5 O'clock somewhere"
....
BTW, what did Buffet say?
"It's 5 O'clock somewhere"
....
This post was edited on 9/1/23 at 3:44 pm
Posted on 9/1/23 at 3:53 pm to GhostOfFreedom
How are the the Memes supposed to work when you post the wisdom of a guy that would never own this?
Posted on 9/1/23 at 3:54 pm to GhostOfFreedom
quote:
I think it is a good buy.
I like how you say this every couple months based on x, y, z.
Then x, y, z either gets cancelled or shelved or whatever
Yet you still come back with it being a good buy based on A, B, C.
Posted on 9/1/23 at 3:55 pm to GhostOfFreedom
quote:It didn't show up on GME's balance sheet until fiscal year ending in January, 2022.
Also, that stock sale was in June of 2021.
quote:No confusion here. I got the financial statements of GME and that's what I was referring to.
like AMC, wouldn't you agree? That is likely the company you confused GameStop with.
quote:Your OP has all the trademarks of a pump and dump. Highlighting a low debt to equity ratio only is a very weak financial analysis of a company. And it's something someone might do if they were pumping and dumping, especially when most of the other financial ratios are anemic or DOA.
I am not selling anything. You can buy GME or not.
Posted on 9/1/23 at 4:03 pm to LSURussian
You’re half right. There will be no dumping. GME could go up 500% on Tuesday and he wouldn’t sell.
Posted on 9/1/23 at 4:19 pm to GhostOfFreedom
quote:
brought my bases down a lot over this last year, so about 10%.
Bruh. Give it up. You joined in way too late and you’re coping so hard
Btw an extremely low debt to equity ratio will be corrected. Either the company will take on more debt, or the equity will come down
Posted on 9/2/23 at 4:44 am to GhostOfFreedom
quote:
They have been opening stores in better locations,
I would love to know where a better location for a failed business model is. Do you have any specifics?
Posted on 9/2/23 at 8:05 am to GhostOfFreedom
Munger and Buffet compared gamestop investors to racetrack bettors. So I am not sure you want to use Buffet quotes to pump up your bags. This is nothing he would ever own.
I see they already laid off most of the "web3" part of the business. Who did not see that coming.
OP must have some pretty heavy bags to not let this one go.
I see they already laid off most of the "web3" part of the business. Who did not see that coming.
OP must have some pretty heavy bags to not let this one go.
Posted on 9/2/23 at 12:25 pm to UltimaParadox
I think the management is good and the insiders are buying a lot of stock and not selling much other than to cover taxes.
We will see how this turns out, but even if the price dropped by half and I did sell at that point, my loss isn't terrible compared to my net worth, so np. Holding "bags" isn't an issue. lol
However, if my GameStop bet pays off, then I could do well. I like the stock and the company.
I don't understand the massive hatred that so many have. It is weird.
We will see how this turns out, but even if the price dropped by half and I did sell at that point, my loss isn't terrible compared to my net worth, so np. Holding "bags" isn't an issue. lol
However, if my GameStop bet pays off, then I could do well. I like the stock and the company.
I don't understand the massive hatred that so many have. It is weird.
Posted on 9/2/23 at 12:50 pm to GhostOfFreedom
quote:I’m pretty sure Buffett, Jimmy or Warren, never put money into a company which has a declining market share in a stagnant industry.
what did Buffet say?
Would you like to buy some shares in a buggy whip company?
Posted on 9/2/23 at 4:31 pm to LSURussian
quote:
in a stagnant industry
"It is a dying brick and mortar." - Melvin Capital
Posted on 9/2/23 at 5:34 pm to GhostOfFreedom
quote:
Melvin Capital
Considering plotkin just bought an NBA team I would say they are doing just fine lol.
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