WotC Filing: Wizards of the Coast makes up roughly 70% of Hasbro's value

Parmandur

Book-Friend
If only we hadn't sold out of our valuable cards sometime in the 00s when it was looking weak, instead of after it took off again...

And thank goodness for Commander.
You know ow what, I never even bought any cards until Eldraine. I would humor friends by helping them test run a deck or two, but never got into it.
 

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Cadence

Legend
Supporter
Drawing away resources. Who cares if WotC's resources get drained away through dividends to shareholders or get drained away into other segments of Hasbro? Does it affect the games we play?
Dividends don't help the company survive a downturn or lean year. Could extra product lines (either as revenue streams or something to sell off when needed)?
 

Maxperson

Morkus from Orkus
Hasbro is not an anchor around WotC's neck. Hasbro might be an anchor around the neck of those investors, keeping them from extracting as much unearned wealth as they can from WotC, but it'ss not an anchor around WotC's neck.
It's the same thing. Hasbro is keeping WotC from earning as much as it can, which is an anchor(or weight of some kind) around its neck. That weight is keeping the investors from earning as much as they can get, since increased WotC value = more money for them.
 

Mecheon

Sacabambaspis
That entirely the point, WotC would be even more profitable without Hasbro drawing away its resources to invest them in bad choices.
Weren't these the people who said 'One of the biggest franchises in the world' Power Ranges was a bad choice and deliberately brought it up as such?

Power Rangers, a bad investment, in the middle of this crazed nostalgia market?

I wouldn't put much thought behind anything they do. They'd squeeze as much money they could out of WotC, burn every franchise to the ground, and probably manage to kill both D&D and MtG at the same time
 

Irlo

Hero
It's the same thing. Hasbro is keeping WotC from earning as much as it can, which is an anchor(or weight of some kind) around its neck. That weight is keeping the investors from earning as much as they can get, since increased WotC value = more money for them.
Not quite the same thing. WotC earns what it earns. It's what happens to those earnings that's in question here. If the earnings get siphoned off into Alta Fox's coffers or get siphoned off into Hasbro properties, it doesn't mean that WotC is earning less. Hasbro is not keeping WotC from earning as much as it can. They're making decisions about what to do with those earnings.
 


Parmandur

Book-Friend
Weren't these the people who said 'One of the biggest franchises in the world' Power Ranges was a bad choice and deliberately brought it up as such?

Power Rangers, a bad investment, in the middle of this crazed nostalgia market?

I wouldn't put much thought behind anything they do. They'd squeeze as much money they could out of WotC, burn every franchise to the ground, and probably manage to kill both D&D and MtG at the same time
Yeah, they're out to Lunch.

The brand synergy plan Hasbro has in place is q good strategy. I am glad thisnis going nowhere.
 

Mecheon

Sacabambaspis
Also let's also not forget they're comparing stocks today to stocks in 2015. HRM. I WONDER WHAT WORLDWIDE EVENTS HAVE HAPPENED SINCE THEN THAT MAY IMPACT OTHER THINGS HASBRO OWNS, PARTICULARLY ANYTHING TIED TO CUSTOMER'S SPENDING POWER OR TO THE PRODUCTION OF MOVIES OR RELYING ON GLOBAL SHIPPING. HRM...

They are investors expecting money to always go up and trying any scheme they can to get more cash in their pockets. I think this post on Reddit encapsulates it fully:
"Yep - Alta Fox is using their own tactics to do exactly what they're doing - rally a vocal minority of self-appointed astroturfed critics who exploit the general lack of education on the issue/topic to rally additional people to the cause who also have no idea what they're talking about."
 

Maxperson

Morkus from Orkus
Not quite the same thing. WotC earns what it earns. It's what happens to those earnings that's in question here. If the earnings get siphoned off into Alta Fox's coffers or get siphoned off into Hasbro properties, it doesn't mean that WotC is earning less. Hasbro is not keeping WotC from earning as much as it can. They're making decisions about what to do with those earnings.
The investors get money that goes to Hasbro, because they get money dependent on the value of Hasbro stocks. If that money was the same as it would be if WotC was independent, then they would not be complaining. They want them separated so that the stock value goes up, because Hasbro stops being a weight around WotC.
 


Cadence

Legend
Supporter
The investors get money that goes to Hasbro, because they get money dependent on the value of Hasbro stocks. If that money was the same as it would be if WotC was independent, then they would not be complaining. They want them separated so that the stock value goes up, because Hasbro stops being a weight around WotC.

Would the folks who buy the stocks (mutual funds, etc ...) look on WotC as a better investment with its two narrow but very profitable product lines than they would the combined Hasbro with a lot more IP and product lines, many of which are currently down?
 

Maxperson

Morkus from Orkus
Would the folks who buy the stocks (mutual funds, etc ...) look on WotC as a better investment with its two narrow but very profitable product lines than they would the combined Hasbro with a lot more IP and product lines, many of which are currently down?
That's the idea. I don't know if it's accurate or not, but that's the argument.
 

Parmandur

Book-Friend
Also let's also not forget they're comparing stocks today to stocks in 2015. HRM. I WONDER WHAT WORLDWIDE EVENTS HAVE HAPPENED SINCE THEN THAT MAY IMPACT OTHER THINGS HASBRO OWNS, PARTICULARLY ANYTHING TIED TO CUSTOMER'S SPENDING POWER OR TO THE PRODUCTION OF MOVIES OR RELYING ON GLOBAL SHIPPING. HRM...

They are investors expecting money to always go up and trying any scheme they can to get more cash in their pockets. I think this post on Reddit encapsulates it fully:
"Yep - Alta Fox is using their own tactics to do exactly what they're doing - rally a vocal minority of self-appointed astroturfed critics who exploit the general lack of education on the issue/topic to rally additional people to the cause who also have no idea what they're talking about."
Bingo.
 


The Glen

Legend
Would the folks who buy the stocks (mutual funds, etc ...) look on WotC as a better investment with its two narrow but very profitable product lines than they would the combined Hasbro with a lot more IP and product lines, many of which are currently down?
According to CNBC who actually discussed this when the news first hit WOTC would spike almost immediately, which can cause the people who wanted it to split to dump their shares at the peak. This can crash the company leaving it far worse than it was but the investors walk away with loads of cash.

That was listed as just a possibility, they gave some examples when it happened before but nothing I had heard off. German manufacturing and some tech companies were the examples.
 

Irlo

Hero
The investors get money that goes to Hasbro, because they get money dependent on the value of Hasbro stocks. If that money was the same as it would be if WotC was independent, then they would not be complaining. They want them separated so that the stock value goes up, because Hasbro stops being a weight around WotC.
Really, I do understand the argument and the investors' desire to make more money. I understand how stocks and investments work. I understand the point of the filing.

Here's the thing. I don't care about the investors' complaints. I don't care that they're not getting as much money as they might otherwise. Hasbro is not an anchor around WotC's neck. Hasbro's financial plans are an anchor around Alta Fox's neck.
 

Maxperson

Morkus from Orkus
Really, I do understand the argument and the investors' desire to make more money. I understand how stocks and investments work. I understand the point of the filing.

Here's the thing. I don't care about the investors' complaints. I don't care that they're not getting as much money as they might otherwise. Hasbro is not an anchor around WotC's neck. Hasbro's financial plans are an anchor around Alta Fox's neck.
Are you aware that corporations have a fiduciary duty to maximize the money the investors make? If they fail in that duty, they can be sued.
 

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