Big loss driver of the past year in the stock was the Liberation Day threat of tariffs to the core toy business. That's much less of a concern now that the random tariff rates are stabilized, and MTG has become the revenue and growth driver.
This is a $12B market cap stock that's the largest TCG in the world and growing at a rapid clip. It's going to grow to be more appropriately valued.
Positioned with JAN 100C, 105Cs that I bought last September: https://imgur.com/a/rkRAUGw
Magic the gathering parent Hasbro $HAS earnings release pre-market tomorrow
byu/mulletstation inwallstreetbets
Posted by mulletstation
4 Comments
A trading card company worth billions? Yikes
This reminds me I should check my mtg decks from 20 years ago, see if they’re worth anything
The Venn diagram of people who like mtg and the degenerate autism who compromise this sub is pretty much a circle.
I dunno man, you may be right but until they can make some $ from the resale market I can’t see even the current MC to be justified.