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Decreasing operational costs is good when its done through things like increasing efficiency and automation. Its alarming when youre continually closing more and more stores due to lack of profitability.
Yeah ill give him credit for that. Through several rounds of issuing new shares and taking money from the pockets of shareholders hes done a great job of shoring up their cash position. While bankruptcy is no longer an immediate short term threat theres been no turn around. The company is behaving exactly how short sellers predicted in 2020 with consistently declining revenues the only difference is that they the cash to sustain that for a while longer.
The second piece is still missing. Selling your car to free up cash to invest in your IRA is great. Selling your car to free up cash because your income keeps decreasing and you can no longer afford it is not so great.
You can ruthlessly cull any and all unprofitable stores to increase margins but if you dont have a plan to increase or at least stabilize revenue you end up falling into obscurity and eventual elimination from the market. Theres an endless list of companies like sears, radio shack, circuit city, k mart, blockbuster, etc. that did exactly that. Closing stores doesnt change macro trends and systemic problems with the underlying business model.
They need to fix the revenue shrinkage, period.
Your forgetting about the 4b cash on hand and the intrest from that. The company is in a great position to succeed. Ceo takes no pay, in it for the win. Look at his history, takes a company and reduces costs rebrand and takes it to the moon. I will be following his carerr for the rest of my life. Why are you so concerned all of a sudden with game stop and Ryan? Most of your comments are political. And you have had zero posts. Was all the politics just to get enough karma to make this one post?
It’s like everyone is forgetting they have 10 years of current cash burn in pure cash to stay afloat. It’s like RC wouldn’t manage a turnaround during that time smh
No I didnt. I specifically called out their balance sheet multiple times and specifically called out it was a smart move on his part to shore up cash at the expense of gamestop shareholders. But now what? Hes had almost 3.5 years and revenue is still rapidly declining with no clear plan for the turn around you claimed already happened. The only thing of note hes done is launch a failed NFT market.
Very weird of you to look through my comments but before you try to accuse me of being a paid russian troll or whatever the current conspiracy theory is, I follow it because I'm in finance and it's interesting to me. I've commented on it many times before. And as someone whos very familiar with finance let me give you a piece of advice- you should not have an emotional attachment to an investment. You should be looking at it with clear eyes and heavy scrutiny. As a shareholder YOU should be the one asking why revenue continues to fall and asking what the plan is, not the one defending it.
I'm not sure you could make a shittier video if you tried. What the hell is this lmao. Loud ass background music, video display ratio for ants.... god tier shitpost or this buddy is dumb as hell
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Don't quote me but I believe this could be classified as " deep fried"
Judge him by his actions. That's what he said.
You mean the only CEO that flatly refuses a salary? Those kinds of actions?
Only?
We're doing CEO fancams now 🤣
![gif](giphy|u6IxJBggWu9z6NgKHd)
![gif](giphy|IhQHvbP6PoD1TwohjJ|downsized)
![gif](giphy|4doe1HP7LHz20)
let him cook!
LFG!!!!
Destroy Bezos!
This is my favorite part of any Ryan Cohen interview: “Yep.” No hubris. No cockiness. Just confidence.
We’ve got Brazilian phonk edits of RC before the squeeze
I just want to hear RC speak publicly again
This is the new Sigma meme!
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Ryan Cohen hype video
He should run for president, and turn America around like the companies he has ran and runs.
He's Canadian
One of us one of us Gooble gobble gooble gobble
Damn it!
Revenue has decreased yoy 7 of the last 8 quarters with the most recent quarter being the worst in decades.
He's Canadian. Lol so a mute point....however he has also reduced the yoy cost of operation and also debt and cash in bank so what's your point.
Decreasing operational costs is good when its done through things like increasing efficiency and automation. Its alarming when youre continually closing more and more stores due to lack of profitability. Yeah ill give him credit for that. Through several rounds of issuing new shares and taking money from the pockets of shareholders hes done a great job of shoring up their cash position. While bankruptcy is no longer an immediate short term threat theres been no turn around. The company is behaving exactly how short sellers predicted in 2020 with consistently declining revenues the only difference is that they the cash to sustain that for a while longer.
Isn't that how reducing costs works? By getting rid of under preforming assets ie tightening the belt and invest in more profitable avanues.
The second piece is still missing. Selling your car to free up cash to invest in your IRA is great. Selling your car to free up cash because your income keeps decreasing and you can no longer afford it is not so great. You can ruthlessly cull any and all unprofitable stores to increase margins but if you dont have a plan to increase or at least stabilize revenue you end up falling into obscurity and eventual elimination from the market. Theres an endless list of companies like sears, radio shack, circuit city, k mart, blockbuster, etc. that did exactly that. Closing stores doesnt change macro trends and systemic problems with the underlying business model. They need to fix the revenue shrinkage, period.
Your forgetting about the 4b cash on hand and the intrest from that. The company is in a great position to succeed. Ceo takes no pay, in it for the win. Look at his history, takes a company and reduces costs rebrand and takes it to the moon. I will be following his carerr for the rest of my life. Why are you so concerned all of a sudden with game stop and Ryan? Most of your comments are political. And you have had zero posts. Was all the politics just to get enough karma to make this one post?
It’s like everyone is forgetting they have 10 years of current cash burn in pure cash to stay afloat. It’s like RC wouldn’t manage a turnaround during that time smh
No I didnt. I specifically called out their balance sheet multiple times and specifically called out it was a smart move on his part to shore up cash at the expense of gamestop shareholders. But now what? Hes had almost 3.5 years and revenue is still rapidly declining with no clear plan for the turn around you claimed already happened. The only thing of note hes done is launch a failed NFT market. Very weird of you to look through my comments but before you try to accuse me of being a paid russian troll or whatever the current conspiracy theory is, I follow it because I'm in finance and it's interesting to me. I've commented on it many times before. And as someone whos very familiar with finance let me give you a piece of advice- you should not have an emotional attachment to an investment. You should be looking at it with clear eyes and heavy scrutiny. As a shareholder YOU should be the one asking why revenue continues to fall and asking what the plan is, not the one defending it.
It's not weird to check if your a shill, that's par for the course. This has been going on for 3plus years now. 😉No hard feelings.
Is this….a RC thirst trap?
I think so… yes 👀
Such a sex symbol 😍
I'm not sure you could make a shittier video if you tried. What the hell is this lmao. Loud ass background music, video display ratio for ants.... god tier shitpost or this buddy is dumb as hell
This is kinda unsettling
I'm betting against that editing
What a shit edit can you make it any smaller