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GameStop Corp. Message Board

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  • ronboz77 ronboz77 Dec 10, 2012 8:34 AM Flag

    A challenge to thujonzzkelleeyzexperience

    What's wrong, thujonzzkelleeyzexperience? Do you have any evidence to support trashing GME at every turn? Or are you just afraid of how high GME is going and you have to try to keep it down by badmouthing GME so you will not lose big on your shorts?

    Sentiment: Strong Buy

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    • jonzkelleeyz_orgasmicstocktradin jonzkelleeyz_orgasmicstocktradin Dec 10, 2012 4:12 PM Flag

      $2.25 billion, YES BILLION, NOT MILLION in liabilities. jeezus christ! dying bizzness model. meh

      • 1 Reply to jonzkelleeyz_orgasmicstocktradin
      • I am going to explain something to you, and give you a little business education.

        First off, GME total liabilities are approximately 2.5 billion dollars. Of that, 2.3 billion are current liabilities. Current essentially means short term. I borrow $10 to buy an item today, payable in 30 days. Tomorrow I sell the item for $13. I have $13. I have a liability of $10 that I must pay in 30 days. I will not pay it now, because I have use of all $13 for the rest of the 30 days. But the $10 is a current liability.

        GME has over $2.4 billion in current assets. The last I checked, over $2.4 billion is greater than $2.3 billion. Also, their total assets are $5.4 billion and their stockholder equity is almost $3 billion. GME is quite solvent. However this could change if they do not adapt to a changing business environment. It appears that they are adapting.

        BZZZZZZZZZZZZZZZZZ!!! Your "evidence" is rejected. Try again if and when you learn something about business, other than being a short-seller.

        Sentiment: Strong Buy

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