Video Games, Sausage Rolls, and Knee-Jerk Sells: $TTWO, $GRG, $IREN (E148)

GTA VI ships in November and everyone knows it will be enormous — which is exactly why Monkey lands on neutral for $TTWO: expectations and impact are two different things, and Take-Two hasn't posted an operating profit since 2022. Badger returns to his Greggs position after 14 months and admits the defensive thesis may be broken, and the episode opens with a masterclass in NOT panic-selling from the IREN earnings reaction.🎮 Should you buy $TTWO before GTA VI? The Fiscal.ai chart: revenue up and to the right, operating margin at −2%📉 "Take-Two has not actually been operating profitable since 2022" — four straight losing years💰 The real bet is GTA Online, and the market has already taken its bow🧠 The philosophical turn: Plato on imitation, whether 60 hours in GTA shapes character, and "okay, boomer"🥐 Badger's Greggs confession: shop count up, like-for-like sales collapsing 22.4% → 2.1%📊 ROCE falling while the estate grows — a capital-cycle bet now, not a defensive income stock⚡ IREN: how NOT to react to a violent earnings call, and why knee-jerk sellers lost in ten minutes🎯 "If the thesis seems to be broken and you decide to sell, that's a rational decision, not an emotional one"Segments:00:00 Cold open00:41 Intro — back from Italy, catch-up06:11 Being classy vs being greedy (the X spat, Anduril)13:26 Welcome new Patreons — Joe, Ben, the Arctic Cod15:36 $IREN: handling a volatile earnings call without panic-selling24:27 $TTWO / GTA VI — the whole segment27:34 The Fiscal.ai chart: no operating profit since 202233:04 The TradingView chart: six sideways years, then momentum37:32 What games do to us: Plato, escapism, "okay boomer"01:07:22 Should you invest in Greggs? $GRG01:09:48 The Greggs chart: shops up, like-for-like down01:20:19 Close — Fiscal.ai, become a beast of an investor**********If you want to see our furry faces, this podcast is also available on YouTube at ⁠youtube.com/@WallStreetWildlife?sub_confirmation=1⁠**********SUPPORT THE SHOW AND BECOME A PATREON:wallstreetwildlife.com**********Follow us at:⁠⁠x.com/7LukeHallard⁠x.com/7FlyingPlatypus**********Fiscal.AI is the Complete Stock Research Platform for fundamental investors. With its beautiful design and institutional-quality data, Fiscal AI is incredibly powerful and easy to use.Get 15% off any premium plan with:fiscal.ai/wildlife**********Monkey’s “Zen, Nietzsche, How to Live” Substack:firephilosophy.substack.com**********To use the same portfolio tracking tool as Luke, check-out:portseido.com/?fpr=lukehallard**********Disclosure: Wall Street Wildlife hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation**********Fed up with the stock market giving you a hard time?- Invest like seasoned pros with over 40 years in the game- Discover the world's leading companies- Sharpen your best investing practices and ditch the worst- Learn how to start investing- Essential investing principles to boost your returnsKeywords:TTWO, Take-Two Interactive, GTA VI, GTA 6, Grand Theft Auto, Rockstar, GTA Online, video game stocks, IREN, Iris Energy, earnings call, panic selling, Greggs, GRG, UK stocks, sausage rolls, capital cycle, ROCE, like for like sales, GLP-1, investing podcast, stock analysis, Wall Street Wildlife, Plato imitation, gaming philosophy, should you buy TTWO, Take-Two stock, GTA 6 stock play