/biz/ - Business & Finance

>>27568141
>>27568247
>>27568304
They used it immediately, 65 to 70 million shares
https://ycharts.com/companies/GME/shares_outstanding
Should have sold more anyway, idiots. Elon timed the top on TSLA twice, a company can't do any better than that. GME could have shit out $2 billion dollars and the only downside would be angry R*dditors and they all live for pain anyway so who cares?

>>26736376
Shorts gotta cover when its low. It aint low and they're already out billions from GME. How the fuck are they going to cover these shorts too?

Jesus fucking christ. What a time to be alive. It's like watching the Bucs v. Packers all over again.

Rise up!

>>24871106
>argued for Gamestop to be essential
You keep saying this like it's a bad thing

>>24815712
>They're still very overextended and couldn't turn a profit when pretty much the whole b&m sector managed to do it thanks to tax benefits.
Yes you have a point there but this was expected, if not quite this bad, at the end of a 7 year console cycle. People still went to JCP and Dillards and Party City but there was nothing to buy, this makes sense. It was the perfect time to close down stores.
>recapture <40% of sales from closing down those stores
Disappointing, I agree, even with end of cycle.
>Makes it fallacious to compare revenues to market cap when Gamestop might close off the European stores too.
No, the new console cycle is an easy bet on reviving lost revenue. The digital revenue sharing most pessimistic case is also an easy bet. European revenues will matter but the current market cap is still ridiculous.
>November only being 16.5% YoY sales
He should have given the numbers behind the Black Friday decision. This falls under don't care, end of cycle.
I have listened to people setting up the stores for the new cycle. They are preparing now, the last generation is fully dead.
If it matters, I'm pretty sure there's more institutional money that agrees with me than is betting against me at this point.
>I almost forgot Sherman was the same person crazy enough to argue that Gamestop was an essential service through peak fears of covid
Nobody is protesting this, there's no good will impairment, so it seems like a good move. Pic related.

>>24422110
bought more SOLO

>they actually think Biden winning matters
Trump winning would have been nice, but we've seen a Biden administration. It will be the same as an Obama administration and the same as the last Clinton administration. Just buy stock in companies the President is fuckbuddies with and you'll do fine.

>>23973951

>>23971671

Are we officially back to June levels of "market pumps on vaccine news"?

Big pop today with the rest of the market?

>>23782214
Fuck you to. We don't want you over here in 'Murica.

>>23580438
If people have to stay home, who is making the pizza?

>>23178507
>the media hates gamers
I'm shocked.