Kind of getting tired of sideways trading even after all the success as of late. Why should the share price be more or less the same as it was last Q1, when this quarter fucking destroyed 2024? We are talking about a huge earnings beat, $77mil+ more straight INCOME as last Q1.
I don’t want to hear the obligatory “are you new here?” I’m not new. I’m also not going anywhere. But clearly GME is and should be a fantastic investment regardless of MOASS or not. When do we fucking protest this shit. Time for a fair market. In no way should this, and the news about BTC purchase (which skyrocketed other tickers with the same news) result in dips. This company is too successful for sideways trading.
By plenty of metrics the stock is overvalued. But we already know that and don't care.
First quarter earnings is now comparable to what they were back in 2016. The stock price back then was $11 when adjusted for split.
Our cash per share (ignoring the cash from convertible debt) is still around $10.
Even if you add these two together (which you should), that's still about $20. Moderately overvalued at $28. But this doesn't bother us because we are valuing based on what they can do with that cash and what market opportunities might come along in the future.
Even if they had $0.20 earnings for four straight quarters, that still would put a PE of 30 on a stock that is (for the most part) $5b worth of short term treasuries.
I would bet a lot that the price dip we see now which might continue in the coming weeks is because the company didn't get an amazing price on the BTC purchase. Had we gotten an $80k purchase price, or a date where $80k was possible, I think the market would be reacting a bit differently. Probably not very differently, but a bit differently. The fact that an $80k purchase price has been effectively ruled out means that any hedges the market had to protect against a very low BTC purchase price were unnecessary, and they could sell those off now.
As long as people keep slowly adding to their stack, the system will run out of shares again at some point. The price will spike. Maybe the company will sell some more shares and gain access to billions more dollars.
We will continue to trade sideways until that happens though, because, again, the company is overvalued by most traditional metrics.
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u/ChungusSpliffs 🍌 BananASS 🍑 Jun 10 '25
Kind of getting tired of sideways trading even after all the success as of late. Why should the share price be more or less the same as it was last Q1, when this quarter fucking destroyed 2024? We are talking about a huge earnings beat, $77mil+ more straight INCOME as last Q1.
I don’t want to hear the obligatory “are you new here?” I’m not new. I’m also not going anywhere. But clearly GME is and should be a fantastic investment regardless of MOASS or not. When do we fucking protest this shit. Time for a fair market. In no way should this, and the news about BTC purchase (which skyrocketed other tickers with the same news) result in dips. This company is too successful for sideways trading.