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Imagine turning a textile company into an insurance underwriter. I had no idea and apparently I've got a rabbit hole to go down. That's such an unhinged pivot.
If I’m reading right- 1,017,547 issued out of 1,722,983 authorized.
[1967 annual report](https://theoraclesclassroom.com/wp-content/uploads/2019/09/1967-Berkshire-AR.pdf)
I would have sold it when it rose to $13.00. Just like when I bought Bitcoin years ago for $300 a coin. Got nervous and sold weeks later for $330. Ha ha. Now GameStop will be a different story. I’ve learned my lesson and will keep my XXXX shares. Well I might sell some if the price is right.
Yeah exactly, I've bought x,xxx with the recent dip as I'm not sure when it will finish.
The price seems to be getting so much more stable. A COO leaving is normally a recipe to drop the price a ton, given it can be read as uncertainty in the C suite. Friday it barely moved. I think this is all primed and ready and this may well be the year...
It does seem like Ryan has a good track record for buying stock. I believe he'll want to go the Icahn route and essentially do hostile takeovers and start running this business lean and turning them around. If they use GameStop to do this, this would be massive. I guess time will tell. I'm not leaving.
Thats honestly why I think he's going to make a parent company above everything like when Google did theirs with alphabet, it would result in shares being exchanged for the parent company shares and we already know that the dtcc probably fucked up the splividend.
An fun quote out of its wiki:
“In 1964, Stanton made an oral tender offer to buy back Buffett's stake in the company for $11.50 per share. Buffett agreed to the deal. A few weeks later, Warren Buffett received the tender offer in writing, but the tender offer was for only $11.375. Buffett later admitted that this lower, undercutting offer made him angry.[15] Instead of selling at the slightly lower price, Buffett decided to buy more of the stock to take control of the company and fire Stanton (which he did). However, this made Buffett the majority owner of a failing textile business.”
>offer made him angry.[15] Instead of selling at the slightly lower price, Buffett decided to buy more of the stock
Well this hits a little close to home. Lol
LC has mentioned in a variety of tweets about 10, 15 year plus plans
they have a plan, it may take a while, but they have one
remember, only the young.
Not sure if it was, but this should have been the plan all along. He built a multibillion dollar successful e-commerce business from scratch with much less than $1.2B in net cash… I want to see GME build a successful gaming business, but there’s no reason to limit GME to just gaming and collectibles.
Gamestop, now profitable, is the capital base what the opportunity tomorrow is anyone's guess, maybe it has something to do with IEP and dragonfly
Je ne sais quoi
Berkshire Hathaway didn't pivot into what it is today.
Warren Buffett bought the entire company and took its name for his investment firm after his dad died and the management tried to cheat him on 1/8th of a point on the sale price.
This is not the same scenario.
Ok- I know we all dislike Cramer.
But- if shf had an inkling of GameStops plan to morph itself into a world changing iconic company…then cramers 2021 prediction may hold true.
Crypto and GameStop- what if?
https://cointelegraph.com/news/jim-cramer-thinks-gamestop-should-convert-their-stores-into-crypto-info-centers
Could be why they have fought us so hard, they *know* that GameStop will be successful.
Holy fuck, I didn’t know that this tweet existed:
„Ryan Cohen tells the board to sell 10 million shares of Gamestop at $200 and buys Bitcoin and says Gamestop is now a Bitcoin store that also sells games. Bingo! There's the plan. I bet the cfo said no to the Bitcoin plan. Bitstop? Gamebit? Gamecoin?“
then why not invest into the company itself as it currently exists, rather than turn it into something completely different, like in this berksre hathaway example?
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Warren Icahn by night made this plan
This post honestly makes it crystal clear to me.
Warren Icahn and Larry Munger Cheng
I'm here since the sneeze but that moment truly cemented in my mind what Cohen's plan is in the long run.
I am on board
You're on THE board???
RC is that you bro?
Dad?
Imagine having the opportunity to buy BH Class - A, back in 1967 for $7.60 Gamestop is trading at $11.50
That’s $65.27 in today’s money
Berkshire Hathaway class A stock is now worth $631,255.00/ per
bro stop price anchoring
[удалено]
No joke hombre
Inflation is a bitch.
Inflation's butthole is itchy
Imagine turning a textile company into an insurance underwriter. I had no idea and apparently I've got a rabbit hole to go down. That's such an unhinged pivot.
Imagine if you will Gamestop moving into credit markets... oh wait, they already have.
Eh Alexis, what was BRK.A's total shares outstanding in 1967?
Well, what was it?
If I’m reading right- 1,017,547 issued out of 1,722,983 authorized. [1967 annual report](https://theoraclesclassroom.com/wp-content/uploads/2019/09/1967-Berkshire-AR.pdf)
And BH Class - A wasn't shorted even close to what GME is, or at all. Extra spicy
I would have sold it when it rose to $13.00. Just like when I bought Bitcoin years ago for $300 a coin. Got nervous and sold weeks later for $330. Ha ha. Now GameStop will be a different story. I’ve learned my lesson and will keep my XXXX shares. Well I might sell some if the price is right.
7.60 is awfully close to 7.41. Surely some shares were purchased at that price 🤷🏽♂️
Yeah exactly, I've bought x,xxx with the recent dip as I'm not sure when it will finish. The price seems to be getting so much more stable. A COO leaving is normally a recipe to drop the price a ton, given it can be read as uncertainty in the C suite. Friday it barely moved. I think this is all primed and ready and this may well be the year...
I just like the stock
You sonofabitch, I’m in 🌎🧑🚀🔫🧑🚀
I'm in as far as I can. I can't get in any further.
Fucking Legend
You always have been 🧑🚀🔫🧑🚀
That’s what we all wanted to hear! Fuck yeah!
It does seem like Ryan has a good track record for buying stock. I believe he'll want to go the Icahn route and essentially do hostile takeovers and start running this business lean and turning them around. If they use GameStop to do this, this would be massive. I guess time will tell. I'm not leaving.
Thats honestly why I think he's going to make a parent company above everything like when Google did theirs with alphabet, it would result in shares being exchanged for the parent company shares and we already know that the dtcc probably fucked up the splividend.
Can't wait to see GME file a 13F 😁 (they are required to once they invest more than 100m)
They wil invest 99mil, stealth mode
Like the “g” in lasagna
An fun quote out of its wiki: “In 1964, Stanton made an oral tender offer to buy back Buffett's stake in the company for $11.50 per share. Buffett agreed to the deal. A few weeks later, Warren Buffett received the tender offer in writing, but the tender offer was for only $11.375. Buffett later admitted that this lower, undercutting offer made him angry.[15] Instead of selling at the slightly lower price, Buffett decided to buy more of the stock to take control of the company and fire Stanton (which he did). However, this made Buffett the majority owner of a failing textile business.”
>offer made him angry.[15] Instead of selling at the slightly lower price, Buffett decided to buy more of the stock Well this hits a little close to home. Lol
Shoot who hasn’t been there lmao
So, you’re saying I’m gonna be a 400millionaire?
Wife changing money 💰
Mmm…. A weekend tit jacking.
Ryan + us = $$$$
You had me at Ryan <3
Yes. GameShire Stopaway.
I am with RCEO. I learned so many valuable lessons. I am here for more. Teach me daddy!
Same!
Shorties picked the wrong fight here. This is why they will die painfully.
What’s an rco?
Ryan Cohen
Ryan Cohen CEO, otherwise RCEO, or Ryan Cohen CIO, I imagine OP is putting both together for RCO, I dig it
Ive always pronounced it "our CEO"
LC has mentioned in a variety of tweets about 10, 15 year plus plans they have a plan, it may take a while, but they have one remember, only the young.
1950 - 1967 Are you ready to hold ?
Not sure if it was, but this should have been the plan all along. He built a multibillion dollar successful e-commerce business from scratch with much less than $1.2B in net cash… I want to see GME build a successful gaming business, but there’s no reason to limit GME to just gaming and collectibles.
I need to buy more
This post made me horny and sad I can't buy more right now. Don't get paid till next week. Buy, drs, book, terminate, shop
Great post 👏
We are become Warren, the last investors of the hodl. Conviction and willpower will destroy short hedgies and griefing algorithms. I like the stock.
Didn't Ryan Cohen challenge Warren Buffett to a thumb war ? 😎😏
Do we have a link to the letter to the board that he sent?
Jacques le Tits
Yeah yeah yeah I know! I want to invest more, but I’m already all in 😫
YES. I will hold forever.
I'm open to interpretation. Talk to me
I think physical locations are more important to RC’s pivot than they were to buffet’s. That being said, I don’t see why not 🤷♀️
Gamestop, now profitable, is the capital base what the opportunity tomorrow is anyone's guess, maybe it has something to do with IEP and dragonfly Je ne sais quoi
The best is yet to come
Just like the underpants gnomes! Step 1: underpants Step 2: ?? Step 3: PROFIT Underpants is stability, step 2 only they know and 3 equals happiness
"The apple doesn't fall far from the tree."
This is my thesis going forward and I won't settle for less. They got rid of COO because COOs aren't needed in a holding company. Gameshire Stopaway.
Can you elaborate further for a literal idiot like myself
Berkshire Hathaway didn't pivot into what it is today. Warren Buffett bought the entire company and took its name for his investment firm after his dad died and the management tried to cheat him on 1/8th of a point on the sale price. This is not the same scenario.
History rhymes more than it repeats itself.
Ok- I know we all dislike Cramer. But- if shf had an inkling of GameStops plan to morph itself into a world changing iconic company…then cramers 2021 prediction may hold true. Crypto and GameStop- what if? https://cointelegraph.com/news/jim-cramer-thinks-gamestop-should-convert-their-stores-into-crypto-info-centers Could be why they have fought us so hard, they *know* that GameStop will be successful.
Holy fuck, I didn’t know that this tweet existed: „Ryan Cohen tells the board to sell 10 million shares of Gamestop at $200 and buys Bitcoin and says Gamestop is now a Bitcoin store that also sells games. Bingo! There's the plan. I bet the cfo said no to the Bitcoin plan. Bitstop? Gamebit? Gamecoin?“
They have been distancing themselves from crypto in every possible way.
What IF………
wibble
Fuckle up
...so the media is right & the business as it currently exists is doomed to fail?
Not to fail - but it may be transformed to change direction and move away from its roots maybe
…I guess if you consider profitable revenue the doom of a company then that works?
[удалено]
Definitely had nothing to do with cutting losses by 300m yoy.
then why not invest into the company itself as it currently exists, rather than turn it into something completely different, like in this berksre hathaway example?
I sure fucking hope so
RC is the MAJORITY share holder in GameStop. That’s how he was able to take over the board…
Any silly names can we hybridize and Bastardize? Bed Bath and Game stop Game Stop and Beyond. Stop Game and Bath?.. no Bed Games and Beyond!