BREAKING: EBAY insider Boone Cornelius reported an open-market SALE of 31,100 shares of eBay common stock for $3,411,359.
The "Chief People Officer" (🤣🤣) and "Diversity, Equity and Inclusion (DEI) initiatives Officer" now has net $10.7M of common stock sales and a whopping $0 worth of purchases.
PATHETIC. $GME
The operator/investor who focuses 70% on the present and 30% on the future might as well be a completely different species than one who focuses 30% on the present and 70% on the future. Totally different mentalities.
SIKE, BITCH.
You really thought I held $GME for five years just to give up now?
Nah.
I just dropped another $5,000 into $GME.
Call it stupidity. Call it conviction. Call it unresolved financial trauma wrapped in a red bandana.
I don’t care anymore.
@TheRoaringKitty could be in witness protection.
@RyanCohen could be buying @eBay, @Blockbuster, @buildabear, or absolutely nothing.
The chart could punch me in the mouth again tomorrow.
I’m still here.
I tried writing the goodbye post.
It felt wrong.
So I bought more.
Riding till I die, motherfuckers.
$GME
Shorting is a world filled with slippery slopes and sand castles. The sand castles are real, and vulnerable, but the slippery slopes drive men insane and ultimately prevent most from being properly positioned when the castle is washed away.
Where to start.
Well I think this might be the most significant earnings report in GameStop history.
There are so many headline numbers of high importance. How do I rank them.
#1 Revenue beat and increase YoY. This can finally be crossed off the bear thesis side of the sheet for whoever still maintains it. On fewer stores than ever. Incredible turn.
#2 Margin. No scratch that - UPDATED THE SHARE REPURCHASE AUTHORIZATION TO $2 BILLION. LET'S GO. Almost 3.5 years ago I asked the board for this. And while, yes, we did sell shares two years ago at $20, we can afford to start buying back shares now, because...
#3 $389.6m in net income for the quarter. Extrapolate that out. GameStop can make $1.6b a year now. That new share repurchase authorization? Paid for in 5 quarters. This is how the story began, the large share repurchase in 2019. Maybe this story just starts over again right here this year.
#4 $143.3m in operating income. OPERATING INCOME. That means not only is the inner shell of the company (cash) expanding, but the second level (operation) is expanding and could soon break out with a new multiple as margin grows and TTM EPS grows. This is very good news for the quarters to come.
Excited to see the 10Q. Hope you all have a great evening. Let's go GameStop!
GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
https://t.co/BAu3T6V9w4
Finally a win for investors fighting against corruption. Andrew left found guilty. Do the right thing and give up the other 100 people for a reduced sentence.
Our beloved Teddy is changing! The landing page meta data still says "https://t.co/eiZKXkg0Zy is the place where you can find lovely kid books for your child, where the moral of the story is always in the arms of the people we love.", so there are no clues as to what Teddy is becoming, but still very exciting just the same! $BBBYQ $GME $EBAY
I bought 1 share of $EBAY earlier this month.
That means I’ve bought more shares than the people running the company have in the last 5 years combined.
🤯