Gamestop Q2 Earnings beat
- Revenue at $972M, up from $798 from last year
- Net income at $169M, WAY up from $15M last year
- Announces dividend of warrants, right to buy 1 share at $32 until October 2026
The warrant means shareholders get the option to buy more shares later at the fixed price, rather than getting a dividend or buyback, essentially betting the stock price will be above $32 by this time next year. Good idea?
GameStop
GME
NYSE
IPO2002
about GME
GameStop is a specialty retailer that primarily sells new and pre-owned video games, consoles, and accessories, along with a growing assortment of pop culture collectibles and consumer electronics, through its physical stores and e-commerce platforms.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $25.00 | $25.60 | $24.99 | $11.15B | 4.00M |
| eps |
price to earnings |
price to sales |
operating margin |
profit margin |
yield |
| +$0.38 | 77.33 | 14.35 | 6.83% | 17.34% | 5.96% |
Gamestop announced proposed private offering of $1.75 billion worth of convertible senior notes.
But the mother of all short squeezes is coming any day now, for sure.
https://investor.gamestop.com/news-releases...
https://investor.gamestop.com/news-releases...
Buckle up buckaroos, because Gamestop has just dropped yet another bombshell. GME has announced they've bought up a whopping 4710 bitcoins (worth about $300 million) as a sort of strategic investment. I could probably come up with some betters ways to blow a third of a billion dollars, but whatever.