NintendoAge http://nintendoage.com/forum/ -Sqooner The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-17T08:32:19 -05.00 arch_8ngel 153
Down all around and didn't meet its second quarter earnings. ]]> The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-11T09:49:41 -05.00 arch_8ngel 153  ) and back up to $4.25.

Will be interesting to see how people and algorithms process the news and gyrations.
(suspect some algorithms are making good money for somebody with the fairly rapid oscillations) ]]> The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-11T09:42:08 -05.00 arch_8ngel 153
The biggest takeaway I got was they are actually using analytics to forecast store closures instead of pure top level numbers. I like that idea alot. When you're profitable all over (and 95% of stores are still net profitable), it's easy to be lazy. When margins start tightening it's easy to close the non-profitable stores. But to be a bit more proactive and look at advanced metrics like two profitable stores with overlapping areas, yet closing one to boost traffic in the other, is good news in my eyes.

All in all, exactly what I'd want from them. Cut costs while waiting around for the next generation, and the end of a generation is when you'd expect the cylical nature of low sales. When next generation hits, especially with already confirmed disk drives and backwards compatibility, revenue will take off again. Cutting costs now will maximize returns then. ]]> The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-11T09:31:42 -05.00 arch_8ngel 153
The Cliff's Notes I read of the conference call transcripts made it sound like part of their grand plan is to emphasize collectibles sales, specifically mentioning Funko Pop...


EDIT:  rapidly dropped to -21% after I made the post.  (hovering at the $4 level)

What a ride! ]]> The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-10T17:38:00 -05.00 arch_8ngel 153 The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-10T17:32:39 -05.00 arch_8ngel 153
My wife and I said the same of Toys R Us. ]]> The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-10T17:25:58 -05.00 arch_8ngel 153 The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-10T17:19:46 -05.00 arch_8ngel 153 Originally posted by: arch_8ngel

Originally posted by: punch-out!!84

http://news.gamestop.com/home

Here's their ER.
Outlook for full fiscal year 2019 -- "Comparable Store Sales - A decline in the low teens"

But claims they will swing around to a gain for the year, since it seems like the worse losses may amount to book-keeping issue on how they handled the mobile phone business.  

 
Honestly, every time I go into a GameStop (which is mainly to just look rather than buy), I never see more than 1 other person in there that isn't an employee, and usually it's just a confused parent asking what a YouTube is.

It *could* just be my area, though, since GameStops seem to only ever appear right next to a big box retailer. In most instances, they're across the parking lot from a Target, Walmart, BestBuy, or the mall. It's kind of sad when the Walmart gaming aisle has more patrons than the entire shop dedicated to gaming has 1 or 2 people in it.



]]> The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-10T16:37:03 -05.00 arch_8ngel 153 Originally posted by: punch-out!!84

http://news.gamestop.com/home...

Here's their ER. Outlook for full fiscal year 2019 -- "Comparable Store Sales - A decline in the low teens"

But claims they will swing around to a gain for the year, since it seems like the worse losses may amount to book-keeping issue on how they handled the mobile phone business.  

  ]]> The New Stock Discussion Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=187412 2019-09-10T16:35:44 -05.00 arch_8ngel 153 Originally posted by: jonebone

Man got awfully quiet in here when Gamestop started rallying again, up double digits yesterday and holding steady today. The big news is after market close with the earnings report.

I will say that I don't think I've ever watched a stock rally so hard into earnings. Basically $3.30 to nearly $5 over 4 days. Usually price stays flat as everyone is too scared to take a position. This is telling me a lot of shorts are getting scared and trying to cover. As they should be, when a profitable company is trading below cash value you shouldn't be shorting the stock.

From reading the chart I'd think a earnings miss would send it to mid $4s or around $4 (depending on severity), but an earnings beat and this thing could go right back to $5.50-$6 range overnight. Time will tell! I'm hoping it works out for you. What's your exit plan on this stock, though?

I have a bunch of GE stock that DCA was about $30 a share, so I've been feeling the pain, too.

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