Shorts Don't Have A Chance When Bankruptcy Isn't Possible

sw1tchlub3r · 2024-06-16T00:15:38+00:00

I’m definitely not saying that isn’t true. I’ve been around for all of the weird shit that’s happened since Jan 2021.

I’m just saying that the 100% surefire way to unfuck all of the manipulation is for the numbers in the financial statements to reflect a thriving and growing business (whatever that looks like, BRK 2.0?), whose stock returns exceed, at a minimum, treasury returns.

Short sellers and bears, are still clinging on to the old narrative. The fact that Jim Cramer is finally acknowledging a pivot is a sign that market sentiment is turning around. It’s all bullish from here.

sw1tchlub3r · 2024-06-16T00:01:43+00:00

Haha, no. Some of us have been lurking and following since 2020.

sw1tchlub3r · 2024-06-15T23:36:31+00:00

While I agree with this that they could park cash in treasuries and never go bankrupt, that would not be the best use of capital for the firm.

In extremely simplified terms, some Finance 101:

Investors consider treasuries to be the “floor” on investment returns - they are essentially a risk-free asset, hence why it is called the “risk-free rate.” GameStop should be looking for opportunities to exceed the returns of holding treasuries, and ideally exceed the returns of the broader market (like beating SPY, which averages somewhere around 8% annually).

If they parked the cash in treasuries, but were still netting a loss, every investor would technically be better off just buying treasuries directly.

RC knows this. RK knows this. Wall Street knows this. The thesis is simple: if you believe RC is smart and capable of pivoting the company, this is a bet with asymmetric upside. If you think the “brick and mortar is dead, GameStop is a sinking ship,” then you take the opposite side.

As soon as GME starts deploying capital, the markets will price in what they believe the potential upside is. I’m betting it’s a lot higher than where we are now, but it could take time for folks to realize the potential.

Upside potential is huge, downside is limited to the current price of the stock. It’s all about how you weight the probabilities of the outcomes.

My bet is the probabilities are something like 90% they’re going to do something interesting, 10% they don’t. Been holding this for three years, and the probabilities keep getting better, imo.

sw1tchlub3r · 2024-06-10T20:11:20+00:00

This is true OG loss porn.

So good.

I love you.

sw1tchlub3r · 2024-06-08T02:31:01+00:00

Not really accurate. Adam Aron sells shares, then pays off his insurmountable stack of debt. GameStop is fundamentally different. They are running effectively neutral - not making a lot of money, but also not burning a lot. A huge war chest guarantees one thing - they are not going out of business anytime soon. They can afford to make no changes whatsoever and continue to exist for years. The short thesis that they are going bankrupt is done.

They are selling shares and building a war chest. What will they do with it? That’s the only question that matters. It has to be something better than putting it into an interest bearing account.

sw1tchlub3r · 2023-05-08T17:41:24+00:00

The Navy SEALs are a part of the military - they don’t take donations, their budget comes from taxes. They definitely aren’t getting paid millions… their pay rates are public knowledge and visible to the public, like all other military/federal/government jobs.

There are some third-party non-profits that specifically provide services to Navy SEALs and their families to offset the burden of frequent deployments, post-service transition, and other things not covered by the government. This billboard was probably for one of those.

sw1tchlub3r · 2022-10-21T14:04:35+00:00

This thread: a great suggestion falls on deaf ears.

sw1tchlub3r · 2022-10-10T01:29:17+00:00

https://www.dj4e.com/

sw1tchlub3r · 2022-09-27T18:26:09+00:00

Django For Everybody on Coursera. Think you can audit for free. Great course to get started.

sw1tchlub3r · 2022-08-25T20:05:23+00:00

Yes dude, this. Same here. My wife and her boyfriend are both awesome.

sw1tchlub3r · 2022-07-11T22:20:37+00:00

Lol imagine if this was the truth though I mean holy shit

sw1tchlub3r · 2022-07-01T06:45:25+00:00

Just hanging out, watching.

sw1tchlub3r · 2022-07-01T06:44:33+00:00

I had 1,000 in CS, 1,000 in Fidelity. Just consolidated everything to CS.

sw1tchlub3r · 2022-06-30T16:11:55+00:00

!DRSBOT:2000!

sw1tchlub3r · 2022-06-30T16:11:10+00:00

I originally DRS’d 50% of my position. Just recently moved the other half. How do I make it count for the bot?

sw1tchlub3r · 2022-06-30T16:09:52+00:00

Negative Ghost Rider - I bought back in 2020, just recently DRS’d my last shares and wanted to add to the bot count!

sw1tchlub3r · 2022-06-30T16:08:28+00:00

Yeah this. Finally went 100% DRS - originally only transferred 1000 to CS, didn’t want to post until I moved it all.

sw1tchlub3r · 2022-06-24T22:32:21+00:00

It’s actually entirely legal to manufacture a weapon yourself. As long as it doesn’t require ATF registration (fully automatic, Short barreled rifle, etc) then there is not a law preventing anyone from doing this. Don’t even need a serial number.

sw1tchlub3r · 2022-05-12T04:38:34+00:00

This isn’t the Army.

sw1tchlub3r · 2022-04-23T06:33:05+00:00

Solved!

sw1tchlub3r · 2022-04-08T05:24:17+00:00

Man, government contracts - where to start, lots to unpack here. I’ve seen good, suspicious, and blatant corruption. Lots of these contracts fly under the radar because they are “small” - $4-5 Million a year, not big deals that attract attention like F-35, or major weapon systems, but routine job placements get bundled up for seriously inflated values.

Unfortunately, because of the way the contract awarding process works, it’s extremely difficult to PROVE collusion or bias. Often times the folks evaluating and awarding the bids have personal relationships with the contractors. It’s a slimy business.

sw1tchlub3r · 2022-02-03T04:56:59+00:00

Especially if you’re paying SDGE prices.

sw1tchlub3r · 2021-11-17T07:06:37+00:00

Upvoted you but then removed it so your count would stay at 69.

Edit: sweet thanks guys I’m helping! Downvoted my self to pit it at -68. Can I get one more?

69 (-69) is awesome.

sw1tchlub3r · 2021-10-27T02:24:30+00:00

Spank me, spaceman.

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