Post by
woolco on Mar 04, 2024 5:20pm
Unbelievable value at these levels
Every analyst has the stock rated well over 40 with many in low 50's. The toy industry has gone thru a very difficult year and zero of the public toy companies was immune to the down draft. Spin did better than Mattel and Hasbro in share price over the 23 year....and is set up for huge years in the future. They were the top major toy company for growth Internationally....
Nobody talks about the digital upside and it is massive. The profit from a hit video game that does 100M -200M in revenue is in the 60-140M range...which is 30% of Spins current EBITDA....
Wtih Rubiks Match, Qbrick , and Toca MPL version all hitting this year...along with the new Paw subscriber app, and sago mini....these alone can be GAME CHANGERS for this company....and likely will be IMHO....especially in 2025.
The Entertainment division has two new hits in the making with Unicorn Academy on Netflix and Vida the Vet...which could also lead to big toy sales and even bigger royalty revenue.
Add in in the new acquisition of Melissa nd Doug, likely to deliver 60-80M in Ebitda....this companies ebitda could double over the next 2 years easily....
Most views seem to be glass half empty....but if you really look at the 2023 results ...they were very solid...and banked another 400M approx in Ebitda....
Paw and friends in the toy division continue to be a money printing machine...and Ms Rachel is a phenom about to hit the toy industry and Spin is exclusive....for later this year...but 2025 should be massive.
Dora the Explorer launcing in 2025 was once over a 1B dollar franchise. and with its all new content and launch......just getting to half that will also catapult this company to the stars.
The way this stock trades it is not likely to explode to the upsdie until some of the above happen....but by then you will be paying $40+ instead of $32-34
Don't worry about the action from the past...that action is not representative at all of the future....buckle up and enjoy the ride.
All in!
Comment by
SadieLadyCO on Mar 04, 2024 7:19pm
I could nt agree more but, it is difficult to see the price...I am holding cant sell I would be at a big loss. Waiting for the $37+ mark again and will see.
Comment by
woolco on Mar 05, 2024 10:09am
I agree, difficult to hold and see at 32/share. But...with a P/E under 7 ....the downside is almost zero....and the upside when the business connects on a big run...is 50-70%. A good risk reward in my opinion. It will happen....its just when.