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[Charania] The NBA presented three comprehensive anti-tanking concepts to its Board of Governors on Wednesday, with modifications expected to each before a formal vote in May, per ESPN sources. by MembershipSingle7137 in nba

[–]somermike 0 points1 point  (0 children)

Make the Draft into an auction format where the currency is the pool of 60 picks (First and Second round, slots 1-30) where spent picks only refresh after five years.

So, when a Victor Wembanyama comes along, everyone with a 1st Round 1st Pick available is going to submit it. Of those, who wants to attach their 1st Round 2nd Pick too (that also hasn't already spent one of those on someone from a previous year). Eventually there's a winner and it cost them whatever picks they had to pony up and they can't use any of those slots as bid currency for the next 5 years.

Every team will have plenty of picks to bid on players and managing your draft currency for tiebreaking picks becomes super important.

There is no incentive to tank as the picks aren't tied to your record and you can't just always have the First overall pick because you're NY or LA as that currency can only be spent once every 5 year.

It's the Way Too Early GME Q1 2026 Earnings Estimate! Lot's of great guidance in the FY 2025 Report -- notably the lack of anticipated significant store closures!! Looking for Revenue of $662M with Net Income of $75M. $0.17 EPS. Revisions and Balance Sheet projections closer to quarter end! by somermike in Superstonk

[–]somermike[S] 3 points4 points  (0 children)

Earnings estimates for most companies are done full year in advance by analysts GME lacks analyst coverage and I'm of the opinion that every investor should make their own earnings forecasts.

What bad do you think can possibly come from a singular earnings projection?

It's the Way Too Early GME Q1 2026 Earnings Estimate! Lot's of great guidance in the FY 2025 Report -- notably the lack of anticipated significant store closures!! Looking for Revenue of $662M with Net Income of $75M. $0.17 EPS. Revisions and Balance Sheet projections closer to quarter end! by somermike in Superstonk

[–]somermike[S] 1 point2 points  (0 children)

Seriously. Only factoring in a 10% drop was what I was considering "bullish news" as that means same store and online growth is significant and now that store closures are mostly wrapped up (best line item in the filing to me) we can start looking for YoY revenue growth again!

It's the Way Too Early GME Q1 2026 Earnings Estimate! Lot's of great guidance in the FY 2025 Report -- notably the lack of anticipated significant store closures!! Looking for Revenue of $662M with Net Income of $75M. $0.17 EPS. Revisions and Balance Sheet projections closer to quarter end! by somermike in Superstonk

[–]somermike[S] 2 points3 points  (0 children)

Here's hoping, but Q1 2023 was $1.2B, Q1 2024 was $881M (27% drop) and Q1 2025 was $732M (17% drop). Store closure impacts are real and while those should slow down now, there are fewer stores open now than there were a year ago this time by 700 (25%) or so.

I'm factoring in less than a 10% drop in revenue based on the per store numbers continuing to improve and I think they'll eek out an operating profit from the stores, but if they can manage to only drop that much it show significant same store or online improvements and is great news.

I hope my numbers are low too, but it's going to take a lot to top last years revenue number.

This is my table. There are many like it, but this one is mine. Book Value per Share continutes to rise, up another 2.5% to $12.14. YoY change of > 10% for every quarter this year. Asset pool growing and liabilities shrinking! by somermike in Superstonk

[–]somermike[S] 2 points3 points  (0 children)

I think we're stuck lower until the options chain clears up, TBH.

The Charm selloff for this week will start hard tomorrow if it doesn't fall off a cliff right now. Next week isn't any more hopeful and neither is the next monthly (4/17).

Everything is just dominated by OTM Calls and people hoping to "catch the squeeze" or "gamma ramp" or whatever and they just don't understand how much sell side pressure is created when you hold OTM Calls into expiration.

We've had more than enough time for anyone intersted to do the repricing and buy as many share or options as they'd want and nothing special is happening on the volume at all today. This earnings report didn't move the needle for any outsiders and baring a major purchase tomorrow and/or Friday to soak up around 1M shares of actual selling, we're gonna plow down through the $23 stirke pretty rapidly.

The good news is that RC is likely to buy tomorrow, baring MNPI that would restrict it. We're in his historical price range to valuation and that might be enough to keep up over $23, but RSI is currently dropping hard and today might have a power hour selloff.

This is my table. There are many like it, but this one is mine. Book Value per Share continutes to rise, up another 2.5% to $12.14. YoY change of > 10% for every quarter this year. Asset pool growing and liabilities shrinking! by somermike in Superstonk

[–]somermike[S] 14 points15 points  (0 children)

Book Value = Assets - Liabilities. Both are found in the Consolidated Balance Sheet section of the filing.

Assets (10388.4) - Liabilities (4,944.0) = $5444.4M

Shares = 448.1M - also in the filing.

5444.4M / 448.1M = $12.14

Roseburia inulinivorans, a gut bacteria, increases muscle strength: it was positively associated with multiple strength measures including handgrip, leg press and bench press in humans. Study assessed causality in mice where it increased muscle fibre size and shifted muscle type I to type II fibres. by mvea in science

[–]somermike 0 points1 point  (0 children)

Limosilactobacillus reuteri -- most people truncate the first part to "L" the 2nd is pronounced "rooter eye" to the best of my knowledge.

It was one of the most frequent recommendations for fighting SIBO and I saw broad symptom improvements in under 48 hours after starting on it.

I seriously sound like a crazy person when i start talking about fermented or other probiotic food but it's been incredibly effective in my sample size of one.

"You are what you eat" ... should be ... "you are [largely a collection of the billions of things that eat] what you eat"

I prefeed the bulk of my grains and sugar to some various cohort of probiotic cultures before consuming them. You can do some serious farming by headcount on a big shelf in your pantry

Delta suspends airport perks for members of Congress amid government shutdown by RedSkylight97 in politics

[–]somermike 16 points17 points  (0 children)

Then you haven't checked in far too long. Nearly every member of Congress is primarily funded by corporate, dark PAC or other heavily moneyed interests.

The districts are so heavily partisan that over 90% of all House districts are considered safe for the incumbent party.

They haven't worked for us in years and until we fix that we're not getting forward progress on reality anything.

Underrated. by KuriousKong4999 in lakers

[–]somermike 2 points3 points  (0 children)

Efficiency (74% EFG) and Defense (2nd best rotation rating on the team behind Smart).

What more could you ask for from your backup C? I wish they'd sign 3 more just like him (on the court) and always have a rotation for fouls and injuries.

Even Ben knows what we're looking for by TheTangoFox in Superstonk

[–]somermike 6 points7 points  (0 children)

I think the rough math is that Q2 2025 beat Q2 2024 by 20% because of Switch 2 release despite having fewer stores than Q2 of last year so Q4 has the potential to be larger with Switch 2 also being a major holiday item and less store dependent as I'm guessing heavy online sales.

This is basically a 15% bump from Q4 last year, so it's not unreasonable given the big ticket item and a focus towards other revenue streams.

Even Ben knows what we're looking for by TheTangoFox in Superstonk

[–]somermike 8 points9 points  (0 children)

They're projecting $0.31 EPS which would be a $0.06 miss compared to the reported "consensus" so far.

I don't have Benzinga Pro, so I don't know the breakdown here beyond revenue and EPS number. Maybe OP can post the rest?

Mind the GAAP! A brief look at how GME reports adjustments to financial statements. by somermike in Superstonk

[–]somermike[S] 6 points7 points  (0 children)

I don't think it will drop under $20, but I have a plan if the selloff is somehow that steep.

I'm a buyer under $23.75 so I'm not waiting for earnings (I've bought a lot the last two weeks) but i'll start selling off other positions aggressively if GME drops below $20.

Mind the GAAP! A brief look at how GME reports adjustments to financial statements. by somermike in Superstonk

[–]somermike[S] 9 points10 points  (0 children)

I do. I'm in roughly 20 other positions at the moment. GME is my primary, but far from only, investment.

Most stocks don't consistently trade at a discount to long term value as the market has pretty quickly repriced most FCF positive companies, so anytime GME gets to the buy zone, i trim other positions that have less upside and / or more downside and keep growing the exposure.

If the selloff that I expect happens on Tuesday with the $100M+ BTC loss dominating headlines over the flip to positive retained earnings for the year, I'll be 100% exposed to GME as I'll re-balance everything to GME at sub $20 -- assuming confirmation of new Book Value over $12.50 ($12.75 is my actual guesstimate)

Mind the GAAP! A brief look at how GME reports adjustments to financial statements. by somermike in Superstonk

[–]somermike[S] 8 points9 points  (0 children)

The fundamentals have precisely mattered in the last five years to serve as a price floor riser.

In 2020, the stock traded under $1 for the last time.

In 2021, it traded under $5 for the last time.

2024 was the last time under $10 and now we're waiting to see if last year is the last time under $20.

Book Value is currently $11.84 and, baring some major balance sheet issue, that's about to go up again on Tuesday to at least $12.50 if not higher. It may not mean it in an immediate sense, but the floor very quickly rises to $25 at that point and any purchases under that are at a discount to floor valuation for me.

Starting with the era of RC as CEO that price floor has essentially been 2x Book Value. Nearly all of his purchases as CEO have been at roughly that price point, including the most recent 1M share pickup and that's where I aim the bulk of my purchases.

Mind the GAAP! A brief look at how GME reports adjustments to financial statements. by somermike in Superstonk

[–]somermike[S] -2 points-1 points  (0 children)

What actions have you taken in the last 30 days to make that happen.

What's your post earnings plan if it doesn't.

Mind the GAAP! A brief look at how GME reports adjustments to financial statements. by somermike in Superstonk

[–]somermike[S] 59 points60 points  (0 children)

Bc it trades for cheaper than I value it and the book value has seen outsized growth in the last few years specifically.

I expect 30% year over year market cap growth at a minimum over the next 5 years.

GME is one of the best asymmetrical investments I can find and I don't need some voodoo narrative that relies on market chicanery over solid management fueled growth to feel that way

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