There's one thing no one is talking about on $GME earnings
They have $333 million dollars in free cash flow
That's the highest it's been in almost a decade and the market continues to struggle pricing GameStop correctly
Ryan Cohen continues to double down on the public interviews and stating how serious he is in acquiring eBay. I believe him.
He's getting eBay. $GME $EBAY
Ryan Cohen casually dropping $91 million from $GME into $EBAY shares directly in one day
Just for reference, his personal investment into $GME was around $76 million and he doesn't spend money frivolously
eBay is coming to Cohen & GameStop 🏴☠️
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!
Update:
I s/w a gentleman @gamestop a few minutes ago who called me on the phone
This issue has been resolved
GameStop made everything right and exceeded my expectations
When I posted this originally last night, I did not anticipate a response nor to have my issue resolved that quickly. I was honestly just messing around when I saw the cancellation email come in late last night. I would have eventually called customer service.
For those in the comments that said “just reorder”, it was a hard to find item that I was going to pick up at a different store by my place of employment. It could not be shipped to me and another one wasn’t available within 100 miles. Per the website, the store had only one in stock.
I know @ryancohen has better things to do then respond to me, but this experience has truly made me feel even better about how things are done at this organization.
Thanks again RC and sorry to bother you. Hope you know I appreciate how hard you and your employees work. The gentlemen who called me was fantastic and super professional. A+ experience.
A lot can happen in 16 hours on X
This guy is just built differently
Love @gamestop
But they cancelled my recent online order
I ordered a box of cards on Saturday and never received a confirmation they were ready for pickup
@ryancohen - any chance you can help me out
I’ve been a very loyal customer and supporter
Thanks!