Now that he has ruined the entire business, it is time for him to quietly collect his golden parachute and get paid as an "advisor" for a couple of years. The system works.
Don't buy into the growth story too much. Gamestop cooks the books some by buying back shares to keep the price up. Look at this simple stat:
Book Value per Share Growth (Last 5 Years) -5.36%
Over time, value has gone down.
That and they are a bog box store in a business that is going more digital all the time. Soon the console market will try to squeeze Gamestop out by locking games so they can't be resold used (they almost did this with the new consoles).
So as more people buy digitally and as companies look to shut down the used game market, where do you see Gamestop in 2017? 2020?
I'm not insulting all gamers, just the shut ins. Shut ins usually don't go to the store much. They like deliveries. Digital deliveries are even better because they are faster than mail delivery.
I thought you make money when it goes down. If there is nothing to go down, aren't you also out of business?
How long does it take to get to the store, make the purchase and get home? What if there are other stops for lunch or anything else? What if they are young and the parents don't feel like driving them?
The stock price is down over 90% since you showed up and started pumping years ago. How is that "always right?"
One is a closed prison (not safe anymore because it isn't a prison anymore) and the other has people DIE on the way up it. You really need to learn better analogies.
You mean when I wrote this on June 30 over at stocktwits?:
$COOL wonder how many people got Majesco's confused and bought this shell company today? Oops!"
So yeah, another lie from the German. Keep them coming.
According to a recent SEc filing, it is actually near 10M shares outstanding now. So the dilution has already officially begun.
I never said sell at 60 cents, nor did I say buy at 60 cents. There was no advice. I write about what the company is doing. You have a reading comprehension problem. But you're making money. In the end, that's what matters. Good for you. Have a good one and lock those profits.
You said, "Once we push through $1.60, it looks like blue skies!"
It went over 1.60 SEVEN times today and did not go higher. That makes you wrong seven times in one day. That's quite a feat.
Yup. Those who "invested" in Majesco by giving them $5M will earn about a 300% return. And the common shareholder will get diluted as a thank you. No arrests will be made because that's how the game is played, folks.