Stock Thread (29 Viewers)

[Bob Sacamano]

I can get a half pan of mac and cheese for $40 and I am colored intrigue here.

cos, stop reading.

I've never been to Franklin's, but despite what I read, I can't imagine anyone anywhere is capable of making a better brisket. And it's certainly not for lack of imagination. If I've ever had anything better in my life, it probably came with a high likelihood of moral judgment.

 

[David Dodds]

Still think GameStop is a brick and mortar business?

They just posted this on their website (on the bottom of the link below).

https://www.gamestop.com/video-games/pc-gaming

GAMESTOP PC DOWNLOADS PLAY MORE THAN 1,500 OF YOUR FAVORITE GAMES!

We get it. You have an amazing gaming rig. Your computer allows you to see individual blades of grass bend beneath your character's feet as the perfectly rendered stars move overhead. You're serious about your PC gaming, and so are we.

That's why we want you to know about GameStop PC Downloads. It gives you access to more than 1500 downloadable PC games, including the biggest titles from EA, Ubisoft, Rockstar, 2K Games, Activision, Paradox, Bethesda, Capcom, Valve and many, many more!

Don't even bother getting out of your chair, because codes for all these games are available to purchase from our PC Downloads library, and download directly to your PC from your gaming application of choice, including Steam, UPlay and Origin. You'll also be able to download all the DLC you need to take your games further.

Edit - This might be old news as they did launch something like this back in 2014. Nevermind, I am likely looking too hard to prove the redo of the company is further along than it might be.

 

[General Malaise]

cos, stop reading.

I've never been to Franklin's, but despite what I read, I can't imagine anyone anywhere is capable of making a better brisket. And it's certainly not for lack of imagination. If I've ever had anything better in my life, it probably came with a high likelihood of moral judgment.

Jealous.  25 years in Oregon and I'm still looking for good BBQ.  

 

[dkp993]

Is anyone going to be on the GME call?  If so can you provide updates on the info for those of us who can’t be?  

 

[David Dodds]

Is anyone going to be on the GME call?  If so can you provide updates on the info for those of us who can’t be?  

has been at max capacity for an hour.

 

[JB Breakfast Club]

Is anyone going to be on the GME call?  If so can you provide updates on the info for those of us who can’t be?  

There's a bunch of YouTubers streaming it too. 

 

[dkp993]

There's a bunch of YouTubers streaming it too. 

Sure, thanks, but I (and I’m assuming others) can’t check that out now.  

 

[Nigel]

Brisket and beef rib. Not as good as Friday's on-site meal, but a fine addition to any lunchtime cast iron skillet.

four day old leftovers...risky

 

[McBokonon]

Still think GameStop is a brick and mortar business?

They just posted this on their website (on the bottom of the link below).

https://www.gamestop.com/video-games/pc-gaming

GAMESTOP PC DOWNLOADS PLAY MORE THAN 1,500 OF YOUR FAVORITE GAMES!

We get it. You have an amazing gaming rig. Your computer allows you to see individual blades of grass bend beneath your character's feet as the perfectly rendered stars move overhead. You're serious about your PC gaming, and so are we.

That's why we want you to know about GameStop PC Downloads. It gives you access to more than 1500 downloadable PC games, including the biggest titles from EA, Ubisoft, Rockstar, 2K Games, Activision, Paradox, Bethesda, Capcom, Valve and many, many more!

Don't even bother getting out of your chair, because codes for all these games are available to purchase from our PC Downloads library, and download directly to your PC from your gaming application of choice, including Steam, UPlay and Origin. You'll also be able to download all the DLC you need to take your games further.

Edit - This might be old news as they did launch something like this back in 2014. Nevermind, I am likely looking too hard to prove the redo of the company is further along than it might be.

Wow, they’ve invented Steam!

 

[Bob Sacamano]

four day old leftovers...risky

Completely worth it

 

[stbugs]

Wow, they’ve invented Steam!

That’s been something they’ve had for a long time, Reddit has discussions on it back in 2018 referring to 2014 like Dodds said. I’ve bought digital games on Amazon for a while now too, this isn’t something new they may be announcing. I think all retailers that sell video games have these.

 

[landrys hat]

Is anyone going to be on the GME call?  If so can you provide updates on the info for those of us who can’t be?  

https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results

 

[David Dodds]

I am watching the GME call from this Twitch channel:

https://www.twitch.tv/festiveox

 

[Pigskin Fanatic]

GameStop  (GME) - posted modestly softer-than-expected fourth quarter earnings Tuesday and said its 2021 focus would be on improving its e-commerce strategy, but declined to provide near-term profit guidance. 

GameStop said adjusted profits for the three months ending on February 1 came in at $1.34 per share, up around 5.5% from the same period last year and one penny shy of the Street consensus forecast. Group revenues, GameStop said, fell 3% from last year at $2.122 billion, just shy of analysts' estimates. Same store sales were up 6.5% while e-commerce sales surged by 175%.

 

[stbugs]

Hard to get a read on after hours. It’s always the least predictive (before hours is more accurate) and there absolutely are eager fans/buyers. It’s up about half of what it lost so hard to tell. I’m interested in numbers first because they preannounced bad holiday sales and analysts did lower Q4 targets.

I’m interested because of how much news this has generated. The run ups haven’t actually had any reality thrown in the mix so should be fun. I just wouldn’t read anything into after hours yet just isn’t moving enough. 

 

[Pigskin Fanatic]

only other significant bit before the call, if this wasn't already announced during the day

GameStop also said it named Jenna Owens, a former Google  (GOOGL) and Amazon (AMZN) executive, as the group's chief operating officer.

 

[beef]

Jealous.  25 years in Oregon and I'm still looking for good BBQ.  

I finally found a good place in WI.  Manitowoc of all places...  Outside building caught my attention with how rundown it looked. Entire neighborhood looked like a abandoned industrial park.  When I walked in and saw the dude in the kitchen had a ankle bracelet on I knew I had a winner.  

 

[One]

I am watching the GME call from this Twitch channel:

https://www.twitch.tv/festiveox

Is it over?  I’m watching Uncle Bruce. 
 

You can tell Bruce-Bruce always hits it. 

 

[Sand]

Still holding long-term on both.

A decade, unless they implode.  If just one of those does a FAANG thing then it makes up 100x for the ones that don't.

 

[Pigskin Fanatic]

more

2021 Outlook: During 2021, the Company will focus on its transformation while also capitalizing on the emerging console cycle and navigating the COVID-19 pandemic. The Company is continuing to suspend guidance at this time. Further, as a result of prolonged pandemic related store closures which began in March 2020, which will impact the calculation of comparable store sales this year, the Company does not currently intend to report this metric in fiscal 2021. The Company believes total net sales is the more appropriate metric to evaluate the performance of the business at this time. As the Company continues to reposition during 2021, it will continue to evaluate the metrics that it believes will most effectively inform investors of the Company’s performance, development and outlook.

 

[Bob Sacamano]

Robinhood IPO

Robinhood has filed confidential paperwork to pursue an initial public offering (IPO), a source familiar with the matter told CNBC on Tuesday.

Bloomberg first reported on the confidential filing.

The company has experienced a whirlwind start to the year as the pandemic helped draw new retail investors to its stock trading app. That boom got Robinhood in hot water earlier this year when it decided to restrict trading on GameStop, the highly-shorted stock that Reddit traders chose to buy in mass numbers.

This story is developing. Check back for updates.

 

[CGRdrJoe]

Is it over?  I’m watching Uncle Bruce. 
 

You can tell Bruce-Bruce always hits it. 

I didn’t think it started until 5 est

 

[BassNBrew]

Cratering

 

[CGRdrJoe]

Bleeding AH

 

[beef]

6% can be a morning break swing for GME.  

 

[McBokonon]

No Q&A session? That's a confidence booster.

 

[CGRdrJoe]

Bleeding AH

Now yoyoing, This stock is straight crack

 

[stbugs]

https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results

Kind of underwhelming IMHO. Highlights:

- As expected they highlighted digital sales growth percentage even though total sales decreased over 20% for the year. Surprisingly Q4 declined over 2019 even with PS5 sellouts and a new XBox in Q4.

- They highlighted comparable store sales increasing even with that huge revenue drop because they closed enough stores that it looked like it increased.

- Gross margins decreased even though digital sales tripled in terms of the amount of overall sales. Freight and increased credit card fees were blamed.

- They did come up with a cool new term for closing stores. They called it de-densifying.

- I was definitely looking for more than this in their 2021 goals:

2021 Strategic Initiatives 
GameStop is focused on transforming into a customer-obsessed technology company that delights gamers. The Board and management are taking the below steps in fiscal year 2021:

Investing in technology capabilities, including by in-sourcing talent and revamping systems, and evaluating next-generation assets;
 

Building a superior customer experience; 
 

Expanding product offerings; 
 

Modernizing U.S. fulfillment operations to improve speed of delivery and service; 
 

Establishing a U.S.-based customer care operation, and;
 

Leveraging the Company’s digital assets, including Game Informer and PowerUp Rewards, to increase market share within the growing online gaming community.

 

[Capella]

The only gamma squeeze is going to be on my balls if my wife ever finds out about this. 

 

[stbugs]

Pretty disappointing results since they pre announced holiday sales weren’t good and analysts had already lowered targets. Comparable sales up because they closed a lot of stores. Total revenue was down even with the new consoles coming out. I’m assuming they beat earnings by closing the stores.

 

[stbugs]

No Q&A session? That's a confidence booster.

Yeah, those initiatives are literally we need to build out our deliveries to be all online when the meat of their revenue is downloaded. I’m glad I don’t own it because I’d be really disappointed. They are way behind the rest of the online retailers and there was not a single new/revolutionary thing. It may stay not so bad because of WSBs, but it was really not a good PR.

 

[Pigskin Fanatic]

nothing on the call worth reporting not already posted.

 

[David Dodds]

I remain bullish.

 

[BassNBrew]

The only gamma squeeze is going to be on my balls if my wife ever finds out about this. 

Some guys pay for that

 

[Capella]

I remain bullish.

Lol why

 

[FreeBaGeL]

No Q&A session? That's a confidence booster.

I assume because someone would have probably asked about an offering and that would put them in a real bind either committing to not doing it or killing the stock by admitting it could be a possibility.

 

[BassNBrew]

I remain bullish.

I would suggest selling as its trading 5x where it should be

 

[David Dodds]

I would suggest selling as its trading 5x where it should be

I will be buying more.

 

[Capella]

I would suggest selling as its trading 5x where it should be

Yea I’m considering pulling the rip cord here as tomorrow will likely be ugly. I don’t know. Seems like this thing has 9 lives. The whole short squeeze thing just isn’t going to happen, total nonsense. 

 

[caustic]

https://twitter.com/dougboneparth/status/1374467780083212294?s=21

 

[dkp993]

Damn.  Might need to cut my losses here with GME.  My diamond hands are quite cloudy right now.....

 

[dkp993]

Yea I’m considering pulling the rip cord here as tomorrow will likely be ugly. I don’t know. Seems like this thing has 9 lives. The whole short squeeze thing just isn’t going to happen, total nonsense. 

so you're saying you don't think 2mil per share is the floor?

 

[Capella]

so you're saying you don't think 2mil per share is the floor?

Lol Much like cydy, there were multiple warnings. 

 

[Angry Beavers]

Yea I’m considering pulling the rip cord here as tomorrow will likely be ugly. I don’t know. Seems like this thing has 9 lives. 

same - I will likely ride, but not sure I have the stones to buy moar

 

[beef]

Well Mrs. beef, you can still get your new shower, but no fancy tile.  You'll have to go with the Home Depot surround.  Next time maybe you should make better choices with where you invest your money. 

 

[dkp993]

Lol Much like cydy, there were multiple warnings. 

No doubt.  Both have also made lots of money for some.  I got in on CYDY at .29 so can't really complain.

 

[Pigskin Fanatic]

tomorrow will be interesting for GME since RH investors won't be able to react till the market opens again.

 

[fruity pebbles]

GME earnings call

 

[Capella]

No doubt.  Both have also made lots of money for some.  I got in on CYDY at .29 so can't really complain.

Yea I did well my first round on cydy. Got that cut in half this second time through. 

 

[Bob Sacamano]

Lol why

He's setting up a ‘no reasonable person’ would tail him defense in case any of you sues.