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by 59percentmore
47 days ago
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Seasonally-adjusted EPS has been a consistent stair-step up for 2 years. Declining revenue does not matter; they're squeezing more profit out of the revenue that's left than they were out of the gobs of revenue they had before. That's just what a good business does. >You’re picking one single metric
It's THE metric. And you are, too (a single metric, but not THE metric). >The whole story is very rough for them right now, they’re in trouble. Trumpian logic and speech pattern. Which speaks to its lack of veracity. |
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When the revenue goes to zero, how much of that pie will be profit? The industry they're in is dying quite quickly, and there are no other revenue centers. The high margin business they had was reselling physical game media.
This is the same story as other dead physical media, CD's, DVDs, etc. It's going to continue to decline, and GME has no pipeline of future revenue. They continue to close stores and shrink.
Also, yikes https://xcancel.com/sshxbt/status/2051311101279887652