you should be able to cancel that stock loan in the event of a major corporate action like that. Check with your broker. I don't think stock loans disenfranchise the owners of the shares.
says impact was due to gifting Star Wars Battlefront. How would that be different from so many other games?
if so, why did margins go up year over year in the latest quarter? it's not like digital downloads, walmart and all of the other bogey-men set to crush GME didn't exist over the last twelve months.
people have been saying that for a long time and yet EBITDA and FCF haven't changed a whole lot in five years. Volatile stock but a stable business.
actually, I think management has said that margins on used mobile devices is comparable to their other used merchandise. Plus devices are on a shorter product cycle and so turn more quickly than consoles.
This a crowded short trade which has likely run it course. Here we have a stock with little debt, lots of free cash flow, a dubious bear thesis ("all games going digital") and a short interest 40%. And over the last few weeks, a number of analysts throw in the towel. Stock has had a strong bounce off the lows following Q3 headline over-reaction. Look out shorts!
First of all, there are no WTW bondholders as all of the debt is bank debt. Second, the banks can't demand anything beyond the terms of the credit agreement. Banks can't suddenly demand to be paid back by a borrower that is current on principal and interest payments and not in violation of any borrowing covenants.
Why would they want to clear the debt? cheap money with no covenants and it isn't due for a while.
they already paid off most of the '16 maturity according to press reports this morning. That gives them four years until the bulk of the remaining debt is due in 2020.
how is it market manipulation? It's called transparency. BTW, it was reported in an SEC filing this morning (8-k) because it's a material intra-quarter development. Required by law. You simply don't know what you're talking about.