- cross-posted to:
- gme_timeline
- cross-posted to:
- gme_timeline
- Watch your expenses
- Delight your customers
- Be the person others want to follow
- Take the long view
- Trust yourself
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Wasn’t the company running at a massive deficit until it was sold?
It was! I got that information from a biased source though, I worked with Petco corporate.
The idea is: you operate at a loss to undercut your competitors, in hopes you’ll attract long time customers. Eventually, they either ramp up costs, or legitimately have a way to cut down the costs of operations. Usually, it’s the latter.
If I remember correctly, most of their money was also spent on marketing, which honestly worked. We’ll see how that continues to play out, though.
How’s that BBBY turnaround going? And GameStop - that’s a $1000/share company now, right?
If you’re acting in good faith with this comment, check out the $1T swap coming due on the 15th of December (into a high interest rate environment).
That, coupled with more than 76M stock directly held by retail and enough money to burn for more than 8 years, GME is so far away from a bankruptcy that it is only a matter of time before that original >260% shorts buy-to-close.
Consider DRSing 1 single share for a measly $12 so you can hopefully tell me “I told you so” in the future w/ this comment as proof :).
We just like the stock.
I actually LOVE the stock. Glad the shills are moving here, they must be fucking worried !
Sorry to disappoint but I made my money and moved on.
Cool story, tell readers digest!
Seems to me that you aren’t acting in good faith then lol…
Why comment on this at all?
Your actions belie your words, good sir/madam
Who the fuck cares about BBBY?
