What’s Going On With GME???
- Thread starter I Really Mean It
- Start date
NZA
LOL
really shytty brokers not having the dividend done quickly is not too bad, but causing you taxable events without you selling or doing options is unacceptable.
Black Mamba
Superstar
WaveWhisperer
Stainless Steel
Black Mamba
Superstar
Yeah apparently its the same issue for my canadian broker wealthsimple trade they didn't receive extra shares from the DTC. Making it seem as a regular stock split when it ain't.
I'm bout to make a BMO account and transfer half of them there and DRS them.
I'm bout to make a BMO account and transfer half of them there and DRS them.
Black Mamba
Superstar
Gme started running and it just got halted less than 10 mins in market opening
Black Mamba
Superstar
Started the process to drs my gme shares
Doing one half first cuz I gotta go from my broker who charges 300$ for drs to a another one who doesn’t charge you at all for drs.
Might leave 1 share in my original broker once everything settles in case
Doing one half first cuz I gotta go from my broker who charges 300$ for drs to a another one who doesn’t charge you at all for drs.
Might leave 1 share in my original broker once everything settles in case
Black Mamba
Superstar
Finally got my shares in my second broker now started the Process for my half Going to Computershare. Once it's settled I may send the entire other half or leave at least 10 shares in my original broker
GameStop Reports Second Quarter Fiscal Year 2022 Results
September 7, 2022GRAPEVINE, Texas--(BUSINESS WIRE)--Sep. 7, 2022-- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the second quarter ended July 30, 2022. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at http://investor.GameStop.com.
SECOND QUARTER OVERVIEW
- Net sales were $1.136 billion for the quarter, compared to $1.183 billion in the prior year’s second quarter.
- Sales attributable to collectibles, which is a segment the Company intends to grow over the long-term, were $223.2 million for the quarter, compared to $177.2 million in the prior year’s second quarter.
- Selling, general and administrative expenses were $387.5 million for the quarter, representing a sequential decline of 14.3% from the first quarter of 2022 and reflecting, in part, the Company’s focus on right-sizing costs following a period of significant investment in long-term initiatives.
- Inventory was $734.8 million at the close of the quarter, compared to $596.4 million at the close of the prior year’s second quarter, reflecting the Company’s focus on maintaining adequate in-stock levels to meet customer demand and offset lingering supply chain headwinds.
- Followed the launch of the Company's digital wallet by launching the Company's non-fungible token ("NFT") marketplace to allow gamers, creators, collectors and others to buy, sell and trade NFTs.
- Modernized and strengthened the Company’s systems through the implementation of SAP.
- Ended the period with cash and cash equivalents of $908.9 million as well as no debt other than a low-interest, unsecured term loan associated with the French government’s response to COVID-19.
A webcast with management is scheduled for September 7, 2022, at 5:00 p.m. ET to discuss the Company’s quarter activities and financial results. This call, along with supplemental information, can also be accessed at http://investor.GameStop.com. The phone number for the investor conference call is 1-877-407-6169 and the confirmation code is 13732487. This webcast will be archived for two months on GameStop’s investor relations website.
