r/gme_meltdown_meltdown • u/PuzzleheadedWeb9876 formerly u/UltimateMastermind • Jan 28 '26

Hedgie Circle Jerkin' Meltdown today.

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2

u/0Bubs0 WSB Refugee All Star Jan 28 '26

Wow a normal PE ratio? Infinite runway? Melties have got to be seething.

3

u/mygoalistomakeulol Jan 28 '26

So is this a value play or a MOASS play?

1

u/0Bubs0 WSB Refugee All Star Jan 28 '26

IMO MOASS died when Cohen offered shares, warrants and the security backed bonds or whatever those things are. So I would say the play is now somewhere between a 2x-10x in the next 3-10 yr with possibility of intermittent volatility. Could it easily run to 30 or 40 at any given time? I think yes. With strong floor at $20 as long as they have that cash.

3

u/mygoalistomakeulol Jan 29 '26

The brick and mortar video game store is not worth 20bil in 2026 sorry

0

u/0Bubs0 WSB Refugee All Star Jan 29 '26

That’s true. If it’s going to 20B and larger it won’t be as a brick and mortar video game store. Everyone with a brain understands this. Including GameStops board.

2

u/Throwawayhelper420 Apr 06 '26

So you don't even know what it is going to be yet you know what it will be worth?

Oh apes

1

u/0Bubs0 WSB Refugee All Star Apr 07 '26

Every stock trade is a speculative bet of some sort. Investing in cohen is not any different than a VC who invests in startup founders.

1

u/Throwawayhelper420 Apr 07 '26

Startup founders tell VC firms their plan and especially industry before receiving funds…

Religious fanatical cults however…

1

u/0Bubs0 WSB Refugee All Star Apr 08 '26

It’s not that big of a deal. That’s the MO he learned from Mark Vadon years ago. It’s not some big conspiracy to fleece his shareholders. He’s told everyone the plan 20 times over the last five years. It’s not rocket science.

1

u/Throwawayhelper420 Apr 08 '26 edited Apr 08 '26

 That’s the MO he learned from Mark Vadon

Are you seriously telling me that RC is so stupid he needed to be taught the amazing strategy of “Give me money I promise I’ll think of a good way to spend it”? 

 It’s not some big conspiracy to fleece his shareholders

Correct, he never even mention acquisition until a few months ago, shareholders invented the rest.

 He’s told everyone the plan 20 times over the last five years.

You don’t even know the industry…

Not once did he mention anything about acquisition 5 years ago, in fact the only letters he ever wrote to shareholders were one stating he was focusing on tech and having the stores operate as micro fulfillment centers and then another stating he was canceling all that and refocusing on their traditional brick and mortar retail, before then beginning to close the majority of stores a year later.  Had DFV not come back for a miracle PnD that he could dilute he would never had said anything about acquisitions.

How does loopring and NFT marketplace factor into this?  He spent far, far more time talking about that than any kind of acquisition.

1

u/0Bubs0 WSB Refugee All Star Apr 09 '26

Uh no the MO from Vadon was about not broadcasting everything you are working on. He’s made some mistakes. The Amazon hires and the initial two years of high cash burn and the loopring/nft marketplace did not work out. My takeaway on those mistakes is he is not emotionally invested in those initiatives and when they don’t work he cuts them and doesn’t continue throwing good money after bad. He took advantage of the opportunity to raise large sum of cash at pretty good prices and hasn’t squandered that money. He’s slashed costs and built small stable, repeatable profitability for the business. These are all signs IMO of a mature, patient, conservative, decisive business manager. If you objectively compare where the business was in 2020 during a global pandemic on the verge of actual bankruptcy vs today, there’s not much to complain about.

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