Why the fuck are they paying off debt when they could buy back there fucking stock to cover the interest on the debt.
Joshua Phillips
Dickson Cider
Camden Lee
>GameStop Corp. (NYSE: GME), today announced that it will redeem $125 million in principal amount of its 6.75% Senior Notes due 2021 (the “Notes”) on December 11, 2020. This voluntary early redemption covers approximately 63% of the outstanding Notes.
>Notes selected for redemption will be redeemed at a redemption price of 100% of their principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date of December 11, 2020.
>The selection of Notes for redemption will be made by U.S. Bank National Association, as trustee, on a pro rata basis, by lot or by other method the trustee considers fair and appropriate. Notes selected for redemption are to be surrendered to the trustee in exchange for the payment of the redemption price as more fully described in the notice of redemption sent to the registered holders of Notes selected for redemption.
>Jim Bell, GameStop’s chief financial officer, said, “The voluntary early redemption of $125 million in senior notes is consistent with our strategy to take actions that strengthen and enhance our balance sheet, improve our debt profile and optimize our capital structure.
Bullish for GME but drags a bit too close to my 1/15/21 expiry calls.
Kevin Nelson
>GO crushes earnings >down 9% fuck this market
Evan Gonzalez
>haha what a normal and not obviously manipulated election result >looks like you lost sweetie! cope!
Grayson Jones
What’s the point of tech stocks when you’re going to lose all your unrealized gains when the bubble bursts?
Because the 'bubble' will never burst. Kascinski predicted it himself. These gains are going until the whole system itself collapses. We're inbound for the singularity baby, tech will never fail longterm
Every company did that though and nobody would buy or hold through earnings now. Even a massive beat will dump you down. I'll kill you! My techies! The "Dump it to 3."-"Down 3%, my Bog?"-"Nòne. 3."-Google finance value error
>I was aware for close to a decade now that Intel would go to the shitter sooner or later. But the x86 space is not exactly overflowing with competitors. I thought Intel's demise would come at the earliest in 2027 or any time close to the end of this decade. >With AMD absolutely crushing it in almost all benchmarks, Apple abandoning Intel as of today and Intel's pajeets and diversity hires not properly delivering 10nm products (let alone 7nm) and the Wintel monopoly long gone I feel like we're looking at the beginning of the end for Intel's road forward. >I'm honestly surprised. This year keeps on giving. At this rate Nvidia (or something) might end up buying it sooner than later. They have already announced that 7nm won't be ready anytime soon. >Was the writing on the wall and I wasn't seeing it or did anyone else got caught by surprise >When Jim Keller left Intel I knew it was over.
because it's undervalued as fuck. this stock is easily 2x
Angel Ward
I kek'd
Chase Ross
What does that even mean
Cameron Perez
what are some sleeper stocks that people seemingy forgot about during the tech boom? Retail? Oil? cement? lmfao even defense stocks (minus Boeing) Whats next i want to think bigger picture, i dont want to experience the cum bubble bursting in my face.
Liam Cooper
>rkt earnings soon who else /excitedbutnervous/?
Brayden Gomez
Senior notes are designed to generate business capital by encouraging investors to subsidize businesses with secure, short-term, interest bearing loans, classified as senior, which has the highest priority for reimbursement if the business becomes defunct. If you are actually able to pay off loans that you are expected to have as senior notes IF you go bankrupt, then you're not actually going bankrupt. The repayment of senior notes indicates the short sellers are getting called out.
Anthony Gray
Fucking hell, why is America such a third world country
Ok, good news. I've only got a small position but I'm strapped into the meme ride with you guys
Aaron White
republicans in that one county in particular don't like Trump for whatever reason is what it means (assuming it's even real data)
Connor Wood
This isn't news. They said that they will. They have enough cash and they have to pay it back anyway in 4 months.
Hunter Jones
perhaps that is the reason biden got the votes but they did not vote senate :D you draw "x" mark with a pencil like illetare medival slaves did when they were asked to write down their name :) average murican iq 98, singapore 108, japan 107. and for younger generation they found average iq measures signifivcantly higher than that so they like 20 points ahead of murica or some of the lowest iq countries in europe. thats so big difference it's almost like mental retardation vs. normal intelligence
RKT anons: outline.com/MVdGEV >Wall Street estimates. Rocket Companies reported net income of $2.99 billion, or 54 cents a share, compared with net income of $495 million in the year-ago quarter. Revenue improved 186% to $4.63 billion from $1.62 billion a year ago. Analysts surveyed by FactSet had expected net income of $1.09 on revenue of $4.55 billion.
Jaxson Jackson
correction, he's less liked by people in general than the republicans are liked in that county is how I should have phrased it
Bentley Murphy
HD is a covid meme stock it's about to get roped
Logan Jackson
>didn't sell my shitty $ACB stock when it was nearly 2x
I HOPE THIS FUCKING MEANS THEY USED UP THE REMAINING $100M SHARE BUYBACKS
fucking dumbass gamestop, if they were gonna pay off debt early they should have done it when it was trading at a discount pic related WHY WAIT UNTIL NOW WHEN THEY'RE BACK AT PARITY
