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Topic	New development in GAMESTOP GME debacle
WingsOfGood 04/08/22 4:32:45 PM #8:	DarkRoast posted... No they're not. They will never, ever be solvent. Period. End of story. Filling them with investment cash when their core business model is so tenuous that there are already consoles that don't even have physical media drives is just delaying the inevitable. physical will never die and my statement is not based off of their stock perhaps you should look at their earnings reports but the stock thing DID help them solve debts they had https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results Raised more than $1.67 billion in capital and eliminated all of the Companys long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French governments response to COVID-19. Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Companys focus on meeting heightened demand and mitigating supply chain headwinds. Dissolved their important debt and DOUBLE their on hand cash. <cite>WingsOfGood posted [p:964130235] in New develo... [t:79977650]...</cite> <quote>DarkRoast posted... </cite> <quote>No they're not. They will never, ever be solvent. Period. End of story. Filling them with investment cash when their core business model is so tenuous that there are already consoles that don't even have physical media drives is just delaying the inevitable.</quote> physical will never die and my statement is not based off of their stock perhaps you should look at their earnings reports but the stock thing DID help them solve debts they had https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results <quote>Raised more than $1.67 billion in capital and eliminated all of the Companys long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French governments response to COVID-19. Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Companys focus on meeting heightened demand and mitigating supply chain headwinds.</quote> Dissolved their important debt and DOUBLE their on hand cash. </quote> ... Copied to Clipboard!
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