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GameStop Corp. Message Board

verafirm 33 posts  |  Last Activity: Jan 28, 2015 8:01 PM Member since: Jan 7, 2004
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  • Reply to

    Valuation of JSDA is actually high

    by verafirm Jan 28, 2015 12:46 AM
    verafirm verafirm Jan 28, 2015 8:01 PM Flag

    It took her a while to get all in and the company needed the cash.

  • Reply to

    New shareholder, too cheap to ignore...

    by verafirm Jan 28, 2015 2:34 PM
    verafirm verafirm Jan 28, 2015 7:59 PM Flag

    EV to revenues.....the business produced a 10% ebitda margin if hyper sound doesn't spend a penny. The main reason for the cash burn is hyper sound not turtle beach headsets.

  • Reply to

    New shareholder, too cheap to ignore...

    by verafirm Jan 28, 2015 2:34 PM
    verafirm verafirm Jan 28, 2015 7:58 PM Flag

    If it goes to that number I will buy more.

  • Reply to

    New shareholder, too cheap to ignore...

    by verafirm Jan 28, 2015 2:34 PM
    verafirm verafirm Jan 28, 2015 7:57 PM Flag

    They mentioned in their call that growth rate.

  • Reply to

    New shareholder, too cheap to ignore...

    by verafirm Jan 28, 2015 2:34 PM
    verafirm verafirm Jan 28, 2015 7:57 PM Flag

    Huh? Soda????

  • no idea why this is selling at these multiples but the business is going to grow 7 to 10 percent this for the headset and could finally start to monetize its patents with the hypersound hearing aides and other markets. Management seems solid and is divers own a lot of shares and a large percentage of float....only issue is cash burn but think they are good for at least a year....what else am I missing here?

  • Given the continued losses being generated by the company and the slow growth I don't seem to understand how this company is trading at 1x EV/ Revenues. Companies that are trading with that type of low growth and losing money usually trade at .2 to .3x revenues. I am not short in fact I am looking to get long but can't get around to the current valuation. The company is in need of money every quarter essentially. I am also surprised it took the CEO a few years to be "all in" the reality is that the company needed that money because if they increased the use of the credit facility they would have produced more losses. I think the stock goes lower to about .15 to .20 cents a share...

    For the longs out there convince me that I am wrong and that there is something I am missing. Don't tell me about how great the social media is blah blah I want to see really good reasons as to why I should also go "all in". Consider this post as a way of producing contructive dialogue and not as a bash in any way whatsoever.

    Thanks!

  • Reply to

    Now is the time to buy

    by o08o.ugh64w Jan 25, 2015 8:17 AM
    verafirm verafirm Jan 26, 2015 7:39 PM Flag

    Thanks for the reply, so tell me about this comoany? Why do you like it?

  • Reply to

    Now is the time to buy

    by o08o.ugh64w Jan 25, 2015 8:17 AM
    verafirm verafirm Jan 26, 2015 5:35 AM Flag

    Interesting...aren't you the same guy that was pumping NAUH? I made money on that one BTW I hope you did too.

  • Hi I have read all of your posts for the past year and I am impressed by what you write about the shipping industry and would like to connect with you, is there a way for you to private message me?

  • Reply to

    January 16, 2015 Update

    by tytus1212 Jan 16, 2015 9:25 AM
    verafirm verafirm Jan 16, 2015 10:21 AM Flag

    Which corporate partners are you talking about?

  • Reply to

    FACTS FOR LONGS INTO 2015

    by tytus1212 Jan 14, 2015 4:08 PM
    verafirm verafirm Jan 14, 2015 4:43 PM Flag

    Shares outstanding won't be 95 million....their eps will be about 3.5 to 3.6 this year....they weren't as aggressive as I wanted them to be on the buyback this holiday season....don't like that they didn't buy at least 5 million shares....they only bought like 1.5 million....

  • verafirm verafirm Jan 13, 2015 10:34 AM Flag

    This is a very confusing post, please clarify what it means and how GameStop will make money.

  • List of 4 retailers would better returns than petsmart.l.gme the cheapest with the 2nd best margins.

  • I personally think the stock goes to 15 given recent growth.

  • Reply to

    When will GameStop

    by dc_rachel Jan 2, 2015 12:59 PM
    verafirm verafirm Jan 2, 2015 1:23 PM Flag

    GameStop will report 2014 Holiday Sales results on Tuesday, January 13th, 2015. Look at Investors Relations page...don't listen to Joe Gagliardi or "both eyes open 00"

  • To shut up the idiots on the board that don't know anything about finance I am posting here the effect of what a $350 million buyback does to the earnings of GAMESTOP.

    Here are the facts...
    $350 million was borrowed...
    5.5% is the interest rate
    GamStop will make 375 to 400mm in Net income/Net Profit for 2014

    Let's assume the following....
    $350 million is used 100% in a buyback...
    If this happens at $35 a share 10 million shares will be reduced (given today's prices it is totally possible)...
    Shares outstanding goes from 110 to about 100 million

    EPS goes from about $3.40 (LOW END) to about $3.75 just on them reducing share count...if the multple for the business is 10x PE then a shareholder also increases their wealth by $3.50 a share ($34 vs. $37.50)....$350mm in marketcap gain

    BUT there is more...10 million less shares means $1.32 per share less in dividends paid out...so that is $13.2 million less in dividends paid (which is after the 40% corporate tax rate)....so even though they are paying 5.5% in interest which is about 19.25 million they are only really paying about $6 million or about 1.7% interest a year...pretty good...

    Wait...there is MORE!!!!.....the tax benefits is actually great for shareholders...interest is expensed which is about 6 cents more but I think any investor would rather take a .35 cent increase in EPS for a 6 cent "increase" in expenses.....

    I wouldn't do 100% buyback...I think they get better returns by opening up more cricket wireless, simply mac's or other operational initiatives.....if it were up to me i would lever the comany to about $1 billion and keep growing tech brands and buy back shares because the company produces about 500 million in cash per year.. and could easily pay off $1billion in debt in two to three years....the business isn't dead and the company has been proving it for years....

    Sentiment: Strong Buy

  • Go research online for all of these connections....

  • Reply to

    Net Effect of Loan on Earnings

    by both_eyes_open_0_0 Dec 30, 2014 7:04 PM
    verafirm verafirm Dec 30, 2014 11:25 PM Flag

    It's official...you are an idiot...Market Breakaway = both_eyes_open_0_0 = Joe Gagilardi

  • Reply to

    GME more cash than debt.

    by jk4763 Dec 27, 2014 4:25 AM
    verafirm verafirm Dec 28, 2014 12:09 AM Flag

    Wow....let me breakdown the investment decision of the debt borrowing and the buyback because you aren't being specific to how beneficial it is and WHY they are increasing their debt...your silly posts are starting to irritate me...

    Here are the facts...
    $350 million was borrowed...
    5.5% is the interest rate
    GamStop will make 375 to 400mm in Net income/Net Profit

    Let's assume the following....
    $350 million is used 100% in a buyback...
    If this happens at $35 a share 10 million shares will be reduced (given today's prices it is totally possible)...
    Shares outstanding goes from 110 to about 100 million

    EPS goes from about $3.40 (LOW END) to about $3.75 just on them reducing share count...if the multple for the business is 10x PE then a shareholder also increases their wealth by $3.50 a share ($34 vs. $37.50)....$350mm in marketcap gain

    BUT there is more...10 million less shares means $1.32 per share less in dividends paid out...so that is $13.2 million less in dividends paid (which is after the 40% corporate tax rate)....so even though they are paying 5.5% in interest which is about 19.25 million they are only really paying about $6 million or about 1.7% interest a year...

    Wait...there is MORE!!!!.....the tax benefits is actually great for shareholders...interest is expensed which is about 6 cents more but I think any investor would rather take a .35 cent increase in EPS for a 6 cent "increase" in expenses.....

    I wouldn't do 100% buyback...I think they get better returns by opening up more cricket wireless, simply mac's or other operational initiatives.....if it were up to me i would lever the comany to about $1 billion and keep growing tech brands and buy back shares because the company produces about 500 million in cash per year and could easily pay off $1billion in debt in two to three years in earnings....in fact GameStop is severely underlevered....imagine the impact on EPS with $1 billion buyback? Apple did nearly $100 billion and it has done wonders!!!!

GME
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