Post by
Richman1 on Feb 19, 2021 12:28pm
Q4? Steer clear of this stock.
Christmas sales for this company are usually reported in Q3 not Q4. I am not short ... but I am not holding my breath. Bought at 12 ... divested 50% at 24... now I am playing with found money. If it goes up great... if not... I'm not losing my initial investment. Unless something miraculous happens in Q4, could be the CEOs stepping dow? this stock will be flat ... if not dropping. The company doesn't make money off the TV productions. The TV shows are catalysts for product sales.... basically, the TV shows are big "30 minute commercials" Given that their viewership is down considerably, their "commercials" aren't reaching a wider audience. The finance team is incompetent; and they can't even balance a checkbook. The Entertainment division is weak with little to no creativity... they are a one trick pony using the Paw Patrol formula to capitalize. If you read the Financial Statements, they are way over-exposed in the film production with no realization of productions to showcase new product. I will sell after the Q4 either up or down... and wait for the collapse like last year and buy back in at 12... and wait for suckers to buy it up to 24 again. This company has been around for a while... YET, there is no dividend. Additionally, they have only sold a portion (in shares) of this company. I wouldn't be suprised if Spin issues more shares to deal with the pandemic downturn.
Comment by
TrickyGuy on Mar 22, 2021 11:03pm
Your analysis was pretty far off base! One of the Founders bought more shares in recent months despite having so much wealth tied up. They are tracking well on sales, digital is just beginning, Paw Patrol movie this year, Bay Street scrambling to catch up for being overly bearish after a disastrous 2019 sales and execution year.