/biz/ - Business & Finance

Where is the volumetric event where they have to buy a bunch of shares to jew the DRS snapshot?

I was told it would be yesterday, it had better be today.

Putting to one side the squeeze element of this (obv a major factor I know) and focusing on more conventional investing criteria, based on analyst expectations of 0.28 per share, this would give GME a PE ratio of 48.

2023 Industry PE ratios are:
Apparel Retail 23.4
Consumer Electronics 18.2
Electronic Gaming & Multimedia 21.6
Internet Retail 54.6
Specialty Retail 15.2

Not sure which of the above categories best describes GME but the average is 26.6.

If GME were to generate EPS of 0.5 ($152.5M net income in Q4, probably delusionally optimistic) this would make the PE ratio 26.8 which you could assume would attract some more conventional investors.

The above does not factor in RC's role as CIO which might have a positive impact on investing attractiveness, although perhaps traditional investors might not like the risk that comes with this unusual strategy. However, at 0.5 EPS as long as RC wasn't losing money investing the $1b, then the underlying business would still have breakeven ish fundamentals based on the average PE for GME's core business.

Anyway, loading up more calls and buying more shares.

Sneed shills, death to SHFs, literally 2 weeks.

Thanks for coming to my TED talk, pat yourselves on the back right now, one person started talking...but in the end, he had logic on his side and at the end of the day, he proved his point. That student was Albert Einstein.