u/RavingGorilla

I have seen so many posts lately mentioning GME's book value of ~$13/share. Why? 

What other stock in this market is being valued based on their book value, or even has any correlation to their book value? 

NVDA current share price ~$223 - book value is ~$8/share
APPL current share price ~$301 - book value is ~$7/share
ORCL current share price ~$152 - book value is ~$13/share
TSLA current share price ~$326 - book value is ~$22/share
AMD current share price ~$487 - book value is ~$41/share

Are we just going to continue to pretend that GameStop's business is worth nothing, despite them having their most profitable quarter ever this year? Are we going to keep spouting book value as if that has any correlation with stock prices from what you can see above?

And I don't want to hear, ohhh, but Nvidia, Oracle, AMD, these are the new rulers of the AI world, of course their book value is irrelevant. Bullshit. These companies are overleveraged and deep into circular financing with one another that could crumble at any moment.

Enough. Enough acting like GameStop isn't on a fucking launchpad right now counting down from 10. Enough acting like GameStop hasn't become a behemoth of a company from when it was almost bankrupt 5 years ago. And fucking enough of pricing this security as if it will be gone tomorrow, worth only the cash they have in the vault. Enough.

Hi all,

I don’t know you, I don’t know where you come from, if you’re a human, or a bot, a GameStop investor, or a paid actor. What I do know, deep in my bones, is that if you are reading this, you are reading it for a reason, and you are here for a reason.

Whether or not you realize it, GameStop is on the verge of a transformation. No one knows exactly what the finished product will look like, but we know enough details and they should truly give us all a sense of excitement and hope after all this time.

If you’ve been here as long as I have, you know that 5 years is not exactly what was originally speculated. But, was there ever really a timeline for something like this?

Regardless of short interest, we are talking about a company that was buried in debt, bleeding hundreds of millions of dollars a quarter, and with a brand image in complete shambles. It was on death’s door in 2019-2020, moments from collapse.

Now? Record-breaking Q1 earnings with Q2 primed for another blowout. Acquisition of one of the largest e-commerce companies in the world in Ebay potentially on the horizon. A stated vision by the CEO that his aim is to do with GameStop what Buffett did with Berkshire, in a much shorter time frame…we are now at a 2-year low, tracking toward the end of an enormous 5-year flag and hitting support.

Can we go lower? Sure. Do you really want to bet on the kind of business I just described going lower given the catalysts potentially days or weeks away? I wouldn’t. But if I was holding, I’d be excited, I’d be hopeful, I’d be very, very happy with Ryan Cohen, because even though I invested in a brick and mortar video game store on the verge of bankruptcy, my some miracle of God, I appear to be about to own equity in one of the most physically-integrated and largest e-commerce businesses on Earth.

So thank you, Ryan, and team. You did the work, and there is always more to do, but this one is going to be sweet, and I for one, am ready.

As the title asks, I want to hear thoughts on how the future may play out for GameStop’s stock price over the next few months. Obviously not looking for financial advice from anyone, but it’s been a long ride with many of you fine folk, and I’d love to hear some genuine predictions.

Do we fall with the market first, as it corrects, and then rocket? Do we rocket as the market corrects?

My feeling is that something is going to change soon, but how it looks exactly is something I’m unsure of.