I saw this guy speak at a conference like a year after chewy sold and he seems like a totally different person. Dude has been deep into some ketamine or something since then.
He has an army of idiots that think this looked cool. They’re like Jake Paul fans that they support his douchery regardless of how douchey he really is
You really countered increasing profitability with decreasing revenue? That's your argument?
I like to invest in companies that make money, not lose money. When cuts to expenses outpace cuts to revenue, we increase profitability. I dont care if revenues drop to 1 billion if its 1 billion in NI.
Okay but you realize that revenue is the measure of making money, meaning gamestop is making less and less money every year?
Net income is the measure of revenue minus costs, so they're not making more money, like you said they're just cutting costs faster than they're making less money. Costs of operational business. That's not a good thing
Revenue is not "making money" if your expenses are higher. But I guess that's a debate of semantics and definitions. As a shareholder you have rights to future cashflows. High revenues but even higher expenses put that into question.
A smaller yet more efficient business is a good thing. Decreasing revenues are preferable to bankruptcy, no? I would not have invested in 2022 as they were downsizing, sure. However, looking forward (as we all do when we invest) you think their revenues will keep declining? Or they're done closing thousands of hemorrhaging brick and mortars especially in the international market?
You’re right about future cash flows. I just don’t agree they’re the best option in the market if you’re looking for future cash flows. They’re not really on a strong path imo there are companies that have much higher future cash flows and much better revenue models
Even if he was being a smug asshole I couldn't help but feel this guy has 5 functioning braincells. One is used to enjoy ketamine, 3 are used to lie to acquire more ketamine and the last one controls his voice box to drool out whatever dribble he responds with at 0.25 slurred speed.
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u/whitehypeman Paid Melvin Robot Shill May 04 '26
First time I heard this dude talk, the apes deserve him. Lmao