Important message to GME management for tomorrow!!!
Hey GME executive team:
You have the perfect negative storm going on TODAY that you can take advantage of TOMORROW during your conference call!
The stock broke to a 52 wk low today -- yet your business is going VERY WELL! The market is horrible for most retailers but GME is bucking the trend!!
Bottom line, gas is cheap, people are traveling to your stores and buying your products for the holidays (inexpensive and keep the kids happy at home) is a perfect storm for GME.
So tomorrow during the conference call, DO NOT whine about macro-economics and the sky is falling. DO SOMETHING refreshing: Lead with good Q3 results and even BETTER Guidance.
Tell the street while things are very difficult for most retailers, we are in a sweet spot and doing very well, thank you. If you do this, as so many stocks are struggling, people will flock to GME and shareholders will be rewarded.
PS: More repurchasing would be OK also!
Good luck tomorrow. Don't "underpromise and over-deliver"...rather brag about your strong results and reinforce strong, good guidance going forward.
That would be nice, but nothing short of the REALLY unexpected is going to shake these shorts out of this stock. No institutional buying + shorts + relatively small float = retail investors screwed.
Beat on earnings by a lot (we can always hope, though I'm not too encouraged since every time I go by a GameStop there's like one or two customers) + Declare a quarterly dividend (preferrably more than 1 penny) + Insider purchase(s) + Strong guidance with estimates on sales so far on major titles + The shorts take profits in the overall market to allow it to breathe for a minute, so they can wash, rinse repeat.