Can’t Stop KT Games Talk: GameStop’s Earnings Live
🤷♀️ ESTIMATED READING TIME: EIGHT MINUTES
Disclaimer:
Everything below is a mix of what I observed and heard during the event. The goal isn’t to pinpoint "who exactly said what," but to share (usually) an outsider's view and overall perspective on these industries. I’m not here to act as a definitive firsthand source—readers should do their own research. I hope this inspires you to attend events, explore new industries, and hear what leaders are presenting. These notes combine my observations with thoughts on how things could run smoother and how ideas connect (IMO). I’m not an expert, you know? Just hanging out in the room with them. Enjoy!
Topics: Earnings Reports, Stock Market, GameStop, NonFinancial Advice, Investor Sentiment, Business Model, Unique Perspective, Optimistic, Patience, MOASS, RCEO, Finance Industry
I’ve cut myself off from essentially all news, social media… everything. These days, all I have is my laptop, my surroundings, my calendar of events, and time to learn. It’s intentional, my goal is to make epic content and show that I mean business. In the future, I want to do business - even with this company I invest with, Gamestop. I do not suggest anyone else invests in them, that is not what this post is about and it’d never be about that. I’m not a financial professional nor advisor. Instead, I want to capture my perspective at this point in time, especially now that I don’t have the influence of any others’ (at least not so much, not like you do with social media) and just share my thoughts and understandings of whatever they share at this next update. I’m excited about it!! :)
Why Attend: This company is a legend in the making, and I’m sure of it. Their CEO is epic - and it takes one to know one, right? I’m curious to hear how they’re building their business, quarter-by-quarter. And in the past, I used to really rely on others’ interpretations of things to make my judgements (not always, of course - plenty of decision making was PURELY from my interpretations of first-hand sources, etc). But now, I’m back to that. I want to slow down and learn… probably, (many would even be surprised to hear this) but a lot of the earnings report probably won’t even make sense to me. But, that’s easy to solve. How? Take notes, listen, and learn. Duh! :)
OVERALL EVENT REVIEW: Venue (5/5), Food (/5), Speaker Content (/5), Networking (/5), Likeliness to Return (/5)
Photo Collage and Commentary:
Notes from the Event:
BEFORE THE CALL
I’m just going to livestream it from youtube since that’s the best way I know how. I’ll just find the most trusted source on youtube and watch it there. I didn’t plan this ahead of time.
I was initially going to try and attend this between two other commitments, so then I said, “yeah right!” and cancelled one commitment (a lunch and learn) and then i’ll just calm down. My day is packed already! After this, got an appointment, then taking my daughter to the aquarium.
Lately, she’s obsessed. We have the membership, so I’ve been taking her out of daycare early and over to the aquarium as much as she likes haha. It’s the least I can do! Just gotta manage my time, stay focused (and that’s possible when I cut out stuff like social media 😁)
Yes, I’ve cut myself off from basically all news and social media for who knows how long now (hahah jk, you’d like - i wrote about it). But I lost track. A few weeks.
I think “one’s perspective” is so valuable, too - and I’ve been learning A LOT lately. So… it’s time to pause, and like process and build - while of course still learning at the same time. Just trying to slow down the input a bit and maximize the output!
And I did see an article today saying that they’re cutting stores and changing things… the article was a little negative, but it did say their valuable PSA partnership is not being noticed by the market.
Omg eveyone livestreaming is lame. One i’m certain is a fake good-guy (I think he’s being paid to be wishy-washy), he’s even my connection on linkedin!! Which i’ve paused lately. But he’s the one I’m most familiar with I think, livestreaming. Or one other. I’ll feel out the vibe of the other. But… yeah. It’s really a patience game now. Even on youtube, it’s hard to find people off the bat - so many wolves in sheep clothing. You know?
It’s part of why I stepped away, too. I know what my work is and I don’t want all these distractions anymore and side things. These random fake guys pretending this and that. No. I have work to do.
LOL - okay, one has 1.5k viewers - and then the one i’m connected with… 80 viewers hahaha. He’d probably even see me in there. Should I go listen to his? omg. no. I’ll just go to the popular one. I don’t feel like bashing, right? And I’m hardly informed these days.
Or no - let’s just go see what 80 peopel are doing in this guy’s room, despite earnigns call. Okay? Hahahah - let’s go. OmG and idk if he can see that i’m in there. lets reserach so quickly - i’ll brb (am i anonymous or can he see attendees as the host?
lol - chat gpt says: Quick note: on YouTube livestreams you’re anonymous by default. The streamer can see the number of viewers, but not who’s watching—unless you type in the chat. Once you comment, your YouTube/Google account name and avatar show up to everyone in the chat, including the host. But if you just sit and watch quietly, you’re invisible.
Okay. i’ll go listen to his hahahaha.
CALL BEGINS
omg okay, so i join and they’re promoting a trading app (he says, “why are you promoting a chinese company” - they razz each other.
they say the company went public, now its based out of the caymen islands. the ceo “i think he’s american, so that tells me its not a chinese company” - do the chinese hold positions? probably so.
lol this conversation they’re so uninformed, but promoting hte app. you know why? probably cause they’re invested in it - and then maybe they get payoffs.
now they’re talking about maybe covering the stock togehter.
I used to listen to a lot of videos like this when i first traded stocks. just random talk about stocks.
This is not what i’m in here for.
and then now they’re talking about other stocks they’re invested in.
Its two guys here. with an audience of 80.
NO THIS IS NOT WHY I AM IN THIS INDUSTRY- I AM HERE TO CHANGE THE INDUSTRY, HOLD THEM ACCOUNTABLE, AND HELP PROMOTE A BETTER WORLD!! Through the financial group.
bro, now the audience told him that the company was founded by a chinese guy, he was wrong - and now the guy who was defneding it earlier, now h’es just ignoring him.
OKAY - i’m leaving this youtube channel, let’s look at the one with 1.5 viewers right now. Right? Their vibe is so lame. I’ll come back if I need.
OKAY OVER AT THE OTHER ONE
This guy is yelling at the top of his lungs. He’s screaming now cause the price is flying up. He says “it has to be out, it has to be - “go you SOB. You’re a beautiful stock. A shining butterfly, a shining exmaple of waht a stock can be. You just go, you go up”
THey’re out, tehy’re out, tehy’re out
Scammed again (the chat is talkign to him)
You see, I thought there was going to be a call.
he says- FOLKS - THEY DID IT!!! and now he’s doing a bunch of buzzers.
WOAH! he’s cheering like crazy.
THAT IS A D-D-D-D-DAILY DOUBLE BEAT! Sponsored by Gamestop. We’re not the same busienss that we once were.
Thank you and try to short us again, thank you.
Okay he’s super happy. But I don’t know. Some of these words I dont’ know enough.
DIVIDEND OF WARRANTS TO SHAREHOLDERS. What is this?
he says question mark. QUESTION MARK
WHAT!?!?!? SPECIAL DIVIDEND
Warrants? As of october 3rd? Each reigstered shareholder gets 1 for every 10.
he says - before I continue, let me tell you something. I know of a company that did this very same thing, somewhat recently. Now, that company is a fraudulant POS and has nothing to do with them. I know of a company that quite literally did just this exact smae thing, we’ll talk about this. Okay so…
The company expects to distribute about 59M warrants. Each will entitle the shareholder to purchase a stock at $32.
Do you hear that? Let’s listen in?
He says this - but waits… then, “that my firends is the sound of a pen dropping. Because somebody is trouble.”
Following the distribution date, until they expire, thats the expiration.
Participate on teh captial raising on a nondillutive basis
“hold on a sec, hey woah woah woah. hold on a second….”
Then he quotes haters ,saying RC dillutes all the time.
“uh, this right here highlighted says that no longer is going to happen”
Generating 1.9B gross proceeds. They will use this to make investments, potential acquisitions, etc.
He says, “holy effing moley” - can someone in the room send me the actual earnings link.
BTW if its not clear, I thought this would be a call :) But this youtube video is sufficient. This guy is nice. I’ve heard of him now that we’re here.
He wants to see the gross profit, etc. Now he’s got it up on screen.
66.4M revenue this quarter.
As he reads everything he says, “that’s amazing”
“Net income was 169M - what!?” - now he is cackling. “No! That is not real, what!? what?
for me, I don’t get this… is this a lot?
He says, “holy s***, our thesis at hte beginning of this year. I told you guys I thoguht it could make 500M to half a billion in net profit. And look, we’re actually on track. Holy ****.”
Now its 3,000 people watching. I wonder how many thought it’d be a call. I could look at the chat, but I dont care hahah.
okay i opened it.
He tells the chat he’s stunned.
Then he asks if they got the EPS wrong, “cause this says 31 and 38… do they have… is it wrong on that sheet htat I first showed you guys? Didn’t that say 25? I thoguht for sure that said 25. This is 31 isn’t it?”
Our guess on EPS wasn’t wrong, look at that, my EPS expectation - that was my exact, I drove that live on stream for you guys
Wow, this guy is legit and informed.
and i used to wonder if that other guy was a scammer or not, i wasn’t ever sure - but i mean.. duh! hwo can’t stop being gushing/hyped about GME - and who wants to talk about “megull” aka a stock/company the other guys were talign about. Duh!! I coudl talk about gamestop for a year straight. Literally.
Net income so far this year is 213M. Holy s, he says.
The net sales is fantastic. We shouldn’t even have European or Australian - i’m not saying get rid of them, everybody calm down.
Wait - so this says we get to buy 1 stock for every 10 we have at $32. Hm. Okay.
Less inventory? I like that, less inventory. That’s a positive thing.
Yeah! look, look at that guys, rememer how we talked about on yesterdsay’s video we want to see the operating lease liabiltiy drop very rapidly? That would show us a continued willingness to drive towards efficiency.
Look at this from 335M -> 155M. 155M. Over 60% reduction in operating liabilties. I’m literally at a loss for word. This is insane what Gamestop is doing.
This guy is smart. I’m enjoying this so much.
And the liabilities, the only reason it looks like this is becuase of hte note offerings.
I’m assuming that the warrants are probably now in that, too.
They’ve had a gain in bitcoin? I hate this language sometimes.
I can’t imagine how some of you guys feel about some of this. This wording, probably makes you feel like a psycho cause i’ve been doing this for years.
Look at the merch inventories, look at how much this has changed. That is crazy. 115M to -72
And this is crazy, too.
I like it, he seems to really understand accounting. This is a guy you can listen to and learn a lot from - a lot about financial literacy, business, etc.
okay - i just did some research myself, now i’m back to this video
“guys, lemme make sure i say this outloud and for everyone listening. That was gamestop’s best earnings since any of us haev owned the stock. Its not even close. Like, its not even close. That is far and away, the best earnings that we have seen in years, if not a decade + on gamestop. That is unreal. Genuinely unbelievable. Now i know that the shareprice may not actively be reflecting it right now, gamestop is giving you the opportuntiy ot hold those warrents and at an exercised price of $32/share. The expectation is going to be that the price will be more than $32/share. That may incentivise you to hold it.
Maybe in the future, it’ll be $50. The warrants thing is very, very positive”.
Antoher compnay that did that, jsut like this.
That company (he shows it) - this is a shi* fraudulent company. SO don’t look at this chart and immediately be like, ‘tehy did warrants, it dumped, this is over. They are literally, I’m not hyperlobizing, they’re literally fraudulant. THey faked theri data on althesimers trials. So understand that before we enter this conversation.”
Now, go to google and look them up, maybe this will tell us here. (now he’s searchnig on google) - pulls it up.
Dcember 12, 2023 - annoucmeent of dividends distribution. Prorated dividend distribution to holders of the stock. 4 for each 10 shares, blah blah blahb albh (he says) initial exercise price of $33 pre share. Remember this. December 12 of 2023. Look at their chart.
That as right here. Okay? Obviously you guys can see the price took a beating. Because it was being outed as a fraudulant compay. Those warrants, when they were purchased, it went higher, a lot higher. You’ll find its very interesting that the exercised price just happsn to be where the highest candle closed before it went total tits-up.
You can see that it ultimately led to some very positive price action in the future for them. It took some time for that to occur, but you can see the postivity.
People need to remember it was a literal POS. The company wasn’t in the midst of proving their books were better, better revenue, turning their business around.
It was getting beat down becuase they had bad news, they were outed for fraud… the CEO was outed for actual literal fraud.
But that drop led to a mediorical rise, 330% later, what a trade.
Now, the company died afterward because literally it was fraud. Literally they’re fraud.
And what gamestop is doing here, its not a fraud.
It’s so that people no longer feel that RC is dilluting on them. You are now the decider of dillution. You are the decider of how much they dilute.
If you believe in the company, you’ll exercise your shares and hold on.
If you don’t, you’re going to sell them and actively help in dilluting the stock.
Here, how about I give you the option to choose.
What does it look like? Well, it’s up to retail and the shareholders of the stock.
If you sell your shares, we’ll dillute. If you get them, exercise them, and choose not to sell, the float increases. And if you don’t sell, there is no dillution.
Dillution is wahtever retail and the shareholders decide it is.
Don’t want ot hold it? Okay - sell it.
You could argue that it dillutes the float, the shares are going into somebody’s account. Yours, mine, and everyone else in the chatbox.
So now we must be patient. Cause those don’t expire for a full calendar year. So what’s going to happen over the next year?
Is the price going to rise?
Stay the same?
Trade sideways?
Based on the technicals, fundamentals, and earnings we just saw? OMG! OMG! We might go to the moon!
Oh and someone in the chat I just heard speak up, that I’m not so sure of. So… you know.
Okay - I think i’ll log out of this. That was enough for me for now. I’ll digest it and then get back to it later. I think this is enough.
Overall Event Reviews Elaborated:
Venue: 5/5 - i like my place!
Food: 5/5 - yes, i prepared leftover ahead of time yesterday, so i’d be well fed today.
Speaker Content: 4/5 - Pretty good and intersting. I obviously wanted to hear a call. Maybe there will be one? But that was a lot, too. It takes a lot of your attention and energy- and the news was great. So, i want to just keep working on my things.
Networking: 2/5 - yeah, you could meet peopel there (and like I said, i even recognized someone in the chat, which makes me like - uugh - all that stuff is crazy and I just wanna work on my things!!)
Likeliness to Return: 3.75/5 - not in a huge hurry, though it was kinda fun. It was fun to keep focused on my work, then just hear legit facts from someone who knows how to interpret them. You know ? And it’ll be cool when I can look at that info and interpret it, too :) life goal assigned!
Until next time, I wish you the motivation and success to search for opportunities around your area. Search and explore: Who is out there giving talks? There are new things happening all of the time.
Find relatable or interesting topics you like and check them out! Maybe even something hosted at a cool venue, if there’s no other reason to go. Let’s see what you can learn and discover not too far from home. 😊
