Platinum

💎Can't stop, won't stop💎 Here to watch everything unfold in real time💎

[Platinum @PlatnumSparkles]

👀👀👀

[Edward Snowden @Snowden]

@PlatnumSparkles First line: "The greatest conspiracies are open and notorious — not theories, but practices expressed through law and policy, technology, and finance."

https://t.co/uMSa2fj5zB

[Platinum @PlatnumSparkles]

@f1finra May 2024: $51
Now: $9
You can make money when you understand what the filings say & this was predictable

[Platinum @PlatnumSparkles]

@f1finra He keeps appearing in stories bc he's correct. Maybe you should try to figure out what he's saying
https://t.co/DTWNTyhZ47

[Jeff Davies, the Energy OG @EnergyCredit1]

Most insane thing about $DJT 10-Q

Not a single penny spent on capex

You didn't buy a computer or an office chair?

Growth biz?

Don't think I've ever seen this

[Platinum @PlatnumSparkles]

@Tilcayocat9 @Hhwyruhere @Giftsonglass @gbchanssey That would be true. 2 market makers getting together to quote it illegally - not true

[Platinum @PlatnumSparkles]

@Hhwyruhere https://t.co/amLEqhoLkC
@Giftsonglass it's in their filings

[Platinum @PlatnumSparkles]

@THEILLEXOTIC

[Platinum @PlatnumSparkles]

@AlexZarac @jake2b He should be apologizing to all the people he's been lying to! But we know that will never happen.

[Platinum @PlatnumSparkles]

@ThomasM28348420 ohhh gotcha

[Platinum @PlatnumSparkles]

https://t.co/DMNwcq8klX

[Platinum @PlatnumSparkles]

@ThomasM28348420 That’s what we’re talking about. Take a mic

[Platinum @PlatnumSparkles]

@Tiggersdad2 This interview coming out the day after their lawsuit against Jeff Davies got dismissed is just icing on the cake 🤌
Now they have to pay his court costs, lawyer fees & sanctions.. with $116k in total cash last quarter..
But yeah keep giving names and numbers!!! 😂😂

[Platinum @PlatnumSparkles]

@Outlier_999 @laralogan Never!

[Platinum @PlatnumSparkles]

@EnergyCredit1 Good!! Love to see it

[Platinum @PlatnumSparkles]

@thatgirltrader Bingo link https://t.co/n4UzD1dXKw

[Lee Roach @leevalueroach]

GameStop $GME is one of the most misunderstood companies in the entire market. Wall Street has left the company for dead. Every sell side firm has dropped coverage and zero hedge funds will own this because of the former meme stock hair.

Now the stock trades dirt cheap with $5 billion of cash, $5 billion of ebay stock (10% of the entire company), $300 million of bitcoin and $2.8 billion of zero percent convertible debt.

You are buying the core business for $4.1 billion. The core business that has completely transformed itself into a highly cash generative card store.

Management has turned around the entire company and it is not a dying retailer anymore. It is a cash generative cash machine flipping Pokemon, Magic The Gathering and One Piece cards. Cards are one of the hottest markets in the entire world right now and Wall Street is asleep at the wheel.

Unit economics are stunning. There are 1,600 stores in the U.S. $1.9 million sales per store. 45% gross margins at the store level. Four wall EBITDA per store of $580k. This is a four wall margin of 30.6%. There is very little capex and inventory is mostly financed by vendors and there is a float business with the trade-ins with in-store credit zero percent debt.

Management is guiding to $650 million of EBITDA for the full year. They are sandbagging the number HARD. I am pulling data from ebay and GemRate and total Pokemon sales in August were up 30% m/m. The highest monthly sales ever recorded.

In addition, the 30th anniversary for Pokemon occurred on September 16th. It was the biggest coordinated Pokemon event in history. I went to a dozen of GameStop's and local card shops and they were all sold out. Lines out the door. The phone ringing off the hook. Wall Street is completely unaware that GameStop is flipping cards in size and has transformed their business model.

Finally, Q4 is the company's biggest quarter and there are more events for the 30th anniversary landing in the quarter. For the full year, I am modeling in excess of $850 million of EBITDA, $200 million ahead of management's sandbagged guide.

Management likely knows this. Ryan Cohen bought $20 million in the open market, and other C-Suite executives followed along with numerous buys, just days ago. And then the company announced they will be reopening stores, for the first time in many years. The payback on reopens should be less than a year.

I see the company trading at 4.7x EV/EBITDA, and over 90% of that EBITDA should convert into free cash flow, or a 20% free cash flow yield on the enterprise value. Wall Street is completely missing the story and asleep at the wheel with drool running down their big fat bellies.

There will likely be push back on the ebay acquisition, but I encourage everyone to actually dig into the deal. It could be transformative and there are many synergies that Wall Street idiots are missing. Wall Street suits have no idea how the card market has been gamified and turned into a lottery ticket system that has become extremely addicting on apps like Whatnot. In addition, Ryan Cohen is an All Star capital allocator and operator, an extremely rare combination, and a platform like eBay is right up his wheel house.

I built a website below that has a 34-deck slide, highlighting the thesis. Have fun and check out my analysis and website. I am long $GME and find the thesis asymmetric.

https://t.co/Re7vRQ6uHG

[iamrpk @iamrpk]

New GME Form 4 literally just dropped

Alain Attal added 17,500 shares of GME

[Platinum @PlatnumSparkles]

@HilsonValli @PhantomBlack699 😂😂😂 still wrong 3 years later!

Sent from my iPhone

[iamrpk @iamrpk]

New GME Form 4

Ryan Cohen literally added 1,150,680 shares of GME

[Platinum @PlatnumSparkles]

@nbhydrocarbons Why did you fail to perform the minimum requirements & obligations for the orogrande?

[Platinum @PlatnumSparkles]

@laralogan Why did @nbhydrocarbons fail to perform their minimum requirements and obligations? Now they're being sued by University Lands in TX