GME is getting a lot more attention over the last couple of days than it has been due to the first major price action and high volume days in months.

Ryan Cohen has said and shown that long term company profitability is his major goal - and not just incidental quarterly profit, like we last saw from Q3 2022.

Under Cohen's leadership, GameStop has closed underperforming stores and opened new distribution warehouses along with revamped the company infrastructure for organizing orders and which employee benefits are provided. We have seen the gradual impact since he took over in a difficult time for a brick and mortar store - and teetered on profitability last quarter.

2023-07-31 $-0.01
2023-04-30 $-0.17
2023-01-31 $0.16
2022-10-31 $-0.31
2022-07-31 $-0.36
2022-04-30 $-0.52
2022-01-31 $-0.50
2021-10-31 $-0.35
2021-07-31 $-0.21
2021-04-30 $-0.25
2021-01-31 $0.31

I expect us to beat last years $-0.31 in tremendous fashion, but I don't know that we'll see positive EPS just yet. How about $-0.09 ... reasonable and grounded? Still a great improvement moving forward, and less than the previous two quarter year-over-year jumps.

Meanwhile, leading into an anticipated earnings, we are seeing massive and sudden price action and volatility out of seemingly nowhere. Although I personally prefer the ongoing stability / downtrend to keep accumulating shares in a company that has a strong cash position, close to no debt, and which is positioned in an industry strong in poor economic times. Though the market sometimes disagrees, most families feel these conditions are difficult and are tightening their belts.

Either way, I enjoy adding a few shares every week. This week is no different.

How is everyone feeling?