Posted on 08/24/2021 4:28:40 AM PDT by wastedyears
“I don’t follow GME but for every year going back over 10 years, it’s held more debt than 10 years of its earnings. They may have just paid the debt off which probably came from the wild rise in their stock price. It’s not a good idea to be emotionally attached to financial products.”
From the Afghanistan withdrawal-guagmire
to the stock market, DD is your friend.
They do, but they also are not held accountable for their screw ups.
You remember 2008, that was insanity and mass delusion.
How many went to jail?
I probably know less than you, but I think an even bigger crash is coming.
They’ll get bailed out again because they’re too big to fail.
Meanwhile government destroyed how many businesses with BS lockdowns?
My faith in our country is not too hot right now.
We will see what the future holds…
The hedge funds short businesses to bankruptcy so they can make money.
A few people happened to spot it this time and stop them. That’s why the price per share went to almost $500.
If/when the hedge funds and banks get margin called, they have to cover all shares, both real and synthetic.
There’s great research being done on the GME, WallStreeBets and Superstonk subreddits. Check some of it out.
Made money...
Never saw this mess.........
they have more goods, and some better, many cheaper,
online than Microcenter. where are you gonna go?
https://www.gamestop.com/electronics/tvs-monitors/televisions?view=new&tileView=list
Gamestop's stock price has very little to do with the company and a whole lot to do with the position that major hedge funds took on the company.
The "value" reflected in the stock price is partially the campaign of inexperienced retail investors, but moreso the potential return when the corporate investors who shorted Gamestop when it was at $12/share a year ago expecting to make a windfall on the company going belly up, have to eventually close their positions. There are still billions of dollars of short positions held by corporate investors (and being manipulated in ways not just unavailable to retail investors, but in ways that would be considered illegal if tried under different circumstances or even out in the open.) so as not to have to close those positions or at least let some of the air out of the bubble slowly so as not to spike the price to the moon in a margin call or position closing selloff.
Full disclosure, I don't own GME, but I like the stonk. Apes together strong.
According to its public financials, Gamestop has a little over $1 Billion in debt and lost $109,000,000 on operations last year.
.... then why is it up 21% today??
The price is speculative. Maybe it will go up; maybe it will go down, but their underlying business operations aren't profitable and, yes, they do have debt.
no. it means you failed to do recent DD,
or you are deliberately untruthful about their debt
their revenue, and their ownership distribution.
and they went up 27% today.
and no they don’t have debt. go back to DU.
Go to Yahoo Finance or any number of other stock market sites and you casn review their statements for yourself.
Maybe the sock price will go up; maybe it will go down, but it's not a reflection of their current earnings or debt load.
“Getting all snitty won’t change the fact that they presently lose money on operations and have outstanding debt. “
You do lie repeatedly like a true Democrat.
Reproducibly, despite evidence. e.g.
https://boards.4channel.org/biz/thread/40068641#p40068641
They have no debt for a reason, upcoming.
Game Stop publishes their financial statements and those statements are available, not only to shareholders, but anyone else who wants to look. If you think that reading a financial statement makes someone a Democrat, I’m sorry.
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