Quote:
Originally Posted by Grungebob
Quote:
Originally Posted by rudyvalentine
Quote:
Originally Posted by Grungebob
Interesting:
https://www.cnbc.com/2022/11/14/stoc...-and-more.html
“ – The toy maker’s stock slid 5.2% in the premarket following a double-downgrade to “underperform” from “buy” at Bank of America. The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game business. BofA said Hasbro has been overprinting cards and destroying the long-term value of the business” |
I wonder if this is primarily pointing at the Magic 30th anniversary boosters that were announced at $1,000?
This is something about corporate leadership I don’t get. If something is working and making money, why does it always need to make more money? It just makes what was working unsustainable and it’s so short sighted that it seems stupidly obvious, but do they just not care because they’ll collect an end of quarter or year end bonus and move on the next product/company to wring dry?
This doesn’t apply to the Heroscape campaign, but I’ve been hearing all this fallout from the Magic business and have just been wondering why they would run one of their most successful brands into the ground to make a few extra bucks.
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They only think short term. That’s a big problem with many American companies.
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After 36+ years in of working in corporate budgeting/planning/finance, I've seen this multiple times (short-term gains at expense of long term returns). The problem is that the executives are primarily focused on the investors - not customers, and today most investors are looking for the "quick buck", so a lot of decisions are made for short-term gains without considering long-term costs (or forgone benefits).
November 14th, 2022, 01:44 PM
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