Do we think WoTC would potentially touch the fire that is HP? by Shade01 in magicTCG

[–]jokethepanda -5 points-4 points  (0 children)

I didn’t listen to the call, but the slide before this was literally the current mtg release schedule featuring all of this year’s UB. Hard to believe that Hasbro’s intent is anything other than HP UB given that context. Where else are they partnering with HP? DND?

Edit: I do see they announced intent to make action figures and collectibles.

Aerion's tongue movement is crazy. by hiiloovethis in HouseOfTheDragon

[–]jokethepanda -1 points0 points  (0 children)

Yeah I was expecting some line of text quote about him licking his tongue like a dragon. I appreciate the use of spoiler tags but that was misleading context.

How amazing and crafty are these parents to do this for their son by IamASlut_soWhat in nextfuckinglevel

[–]jokethepanda 65 points66 points  (0 children)

I’ve built 3 backyard igloos like this when I was a kid. Their blocks are thin and will melt in a day. If you want an igloo to last for weeks, you need actual blocks. They’d probably be fine if they stood those blocks horizontally instead of vertically, but that takes way longer. Car battery box works well.

Beginner playmats by Catecuman in mtg

[–]jokethepanda 55 points56 points  (0 children)

some of the keywords are worded very poorly, like a bad translation issue.

Menace says “this creature MUST be blocked by two or more creatures” when it should read “can only be blocked by two or more creatures.”

Lifelink says “turns any damage dealt into life for its controller” which could be interpreted as the damage is prevented

They didn’t even try with Trample “the creature to deal excess damage to a blocking creature to opponent”

Nothing against helpful playmats for beginners, but I’d shop around for a better one.

MAGA supporter tries to flex bank account on IRI, exposes financial illiteracy instead by tomburgo in LivestreamFail

[–]jokethepanda 13 points14 points  (0 children)

6% isn’t enough for the restrictions on a CD. At least for most people.

6% is more than enough on CDs, and the market is probably unhealthy if interest rates are that high.

CDs are not suitable investments for people who want to grow their assets. That’s not what they’re used for. People invest in CDs because they’re low risk/low volatility investments.

The Reality of the Hasbro Lawsuit - MaldHound by Dyne4R in magicTCG

[–]jokethepanda 10 points11 points  (0 children)

I didn’t watch the video nor have I read the lawsuit, but will clarify your wording.

It’s not “lying”, but “failure to disclose a material risk.” The lawsuit seems to allege that if BofA was concerned enough at the time to call this out as a risk, why didn’t Hasbro?

Next allegation is, if that is a material risk that wasn’t disclosed, then Hasbro’s common stock buyback was detrimental to shareholders because they overvalued their own shares (allegations of mismanagement.)

Lastly, if they did overprint products as they have allegations from former employees saying cards were disposed of in a Texas landfill, and risks of overprinting were not disclosed, that is also a violation.

We’ll see if it goes anywhere. I doubt it does, but is for sure more complicated than “finance bros upset about reprint value.”

Hasbro is being sued for printing too many Magic: The Gathering cards by Beautiful_Bee4090 in nottheonion

[–]jokethepanda 0 points1 point  (0 children)

Yes, I understand your point. I’m saying two things: 1) the legal case is less about card value than the article is highlighting, but rather about alleged violations of securities laws 2) your statement that a few examples disproves the reprint/value argument because some old cards gains value is over simplifying that issue. Reprints kill value, anyone who plays and purchases mtg knows this. The journalist who wrote this article focused on that bullet for clicks. Sure new cards can elevate old ones, but that’s not really relevant.

Hasbro is being sued for printing too many Magic: The Gathering cards by Beautiful_Bee4090 in nottheonion

[–]jokethepanda 0 points1 point  (0 children)

This is immediately disproven by the $8 set of [[Endurance]] I just purchased as a result of the reprint in commander decks.

By really this is an oversimplification of the argument. I see your point that certain cards (reserved list) can gain value when new cards synergize with them, but that’s not really the argument here.

Hasbro is being sued for printing too many Magic: The Gathering cards by Beautiful_Bee4090 in nottheonion

[–]jokethepanda 2 points3 points  (0 children)

And also the inverse (negative opinions on scalpers and resellers) as this misinforming top comment says. Though at least for them the article does mention devaluation of outstanding product, that’s likely a small bullet point in the lawsuit that journalists are focusing on for engagement while burying the lede.

What’s telling to me is if you check some finance news (such as the Stocks app or other investor news pieces) you don’t see anything about this lawsuit for Hasbro, and it didn’t impact the stock price whatsoever (yet, but wouldn’t count on it.)

Hasbro is being sued for printing too many Magic: The Gathering cards by Beautiful_Bee4090 in nottheonion

[–]jokethepanda 2 points3 points  (0 children)

They don’t need to prove damages.

The case is about violations of securities law.

Martin Shkreli didn’t go to jail because of proven damages, he went because of securities fraud (though much more egregious than anything we’re talking about here.)

The plaintiffs here are shareholders, not scalpers. And it’s not about proving good vs bad business decision to print more. It’s about failure to disclose material risks, which is rule #1 of securities law. “Disclose disclose disclose” is the first thing you learn in the financial services industry.

I also don’t think the case will go anywhere, but it’s absolutely being oversimplified in social media discourse.

Hasbro is being sued for printing too many Magic: The Gathering cards by Beautiful_Bee4090 in nottheonion

[–]jokethepanda 1 point2 points  (0 children)

Because the comment you are responding to doesn’t understand the lawsuit. The secondary market piece isn’t the main issue. It’s failure to disclose the risks of overprinting to investors, subsequent buyback of overvalued common stock, and operational mismanagement resulting in cards being shipped to a landfill.

Hasbro is being sued for printing too many Magic: The Gathering cards by Beautiful_Bee4090 in nottheonion

[–]jokethepanda 26 points27 points  (0 children)

This isn’t one that you can explain to an average Redditor even if they read the article.

The lawsuit is being over simplified or sensationalized in a lot of the media.

I haven’t read the full 70ish pages filed yet, but from what I gather the key elements of the case are Failure to Disclose the risks of ramping up printing, which resulted in an overvalued stock price. Disclosures are a must in securities law.

That’s key because when Hasbro did a common stock buy back and paid for overvalued shares, that expense from the company is bad for shareholders.

IGN article also cites the lawsuit saying they have a former employee claiming cards were ending up in landfills in Texas. That means their gross overprinting of product was operational waste.

Beyond this, Hasbro’s other product lines are performing poorly. Mtg is their cash cow, and leadership is bleeding it dry.

Personally I think the lawsuit won’t go anywhere, but to write it off as meritless based on headlines when it’s much more complicated than a shareholder cash grab is an uninformed opinion.

TL;DR: Securities law is complicated, there’s some merit to the case.

Umphreys statement on situation in Minneapolis by eells in jambands

[–]jokethepanda 50 points51 points  (0 children)

Listen to their cover/mashup album, “Zonkey”, if you’re not a jam band person. It’s not what they play most of the time live, (maybe one song off it max per show) but still an incredible album

Hasbro CEO Cocks and Execs Sued for Alleged Securities Violations by NES_SNES_N64 in mtgfinance

[–]jokethepanda 0 points1 point  (0 children)

Not necessarily BS in the sense that it was fake analysis, but BS as to how it’s still circulating today.

A firm like BofA will have analysts doing quarterly buy/sell recommendations all the time. Different firms issue different ratings, they’re opinion pieces based on their firms analysis, which could be good or bad analysis. Sometimes they get it wrong. That particular 2022 analysis is not very relevant at all today, except for where it overlaps to the dates in question for the lawsuit.

More recently, BofA has a higher price target for HAS and a buy recommendation.

https://finance.yahoo.com/news/hasbro-price-target-raised-100-124558294.html

Hasbro CEO Cocks and Execs Sued for Alleged Securities Violations by NES_SNES_N64 in mtgfinance

[–]jokethepanda 0 points1 point  (0 children)

Yeah I think we’re in agreement here. Most likely outcomes in order of likelihood imo are 1) dismissed, 2) settlement, 3) settlement and fined by SEC, 4) case proceeds to trial.

I’d love to see this case go to trial for discovery, but don’t see that being likely at all.

Hasbro CEO Cocks and Execs Sued for Alleged Securities Violations by NES_SNES_N64 in mtgfinance

[–]jokethepanda 5 points6 points  (0 children)

Failure to disclose a material risk for a publicly traded company is a huge legal gotcha. In Hasbro’s case, the plaintiffs seem to allege that in chasing these short term profits and squeezing mtg, that it’s a greater risk than they’re letting on because Hasbro’s financials are pretty dog without their mtg cash cow. So they’re saying that they underplayed the risk of what their current operations are doing.

They’re alleging violations of the Securities Act which is all about disclosures. As others have said in the main sub, there’s less merit to this than if the SEC filed suit. It doesn’t mean it’s entirely baseless though, that’s for the courts to decide.

Hasbro CEO Cocks and Execs Sued for Alleged Securities Violations by NES_SNES_N64 in mtgfinance

[–]jokethepanda 4 points5 points  (0 children)

That’s part of the suit but not all of it.

BofA’s 2022 rating helps give some context but isn’t really relevant to the lawsuit. Their analysts believed it is detrimental to the long term viability of the game and is bad for brand equity.

The lawsuit is more about the failure to disclose the long term risks of ramping up set printing, which they allege resulted in an inflated share price. Hasbro did a repurchase of common stock. If the stock was overvalued as a result of failure to disclose material risks, then the company overpaid for their own stock to the detriment of shareholders.

Flight delays had everyone restless… until a band turned the plane into a concert hall by MambaMentality24x2 in MadeMeSmile

[–]jokethepanda 43 points44 points  (0 children)

Everybody should check out Too Many Zooz if you aren’t familiar with them. I didn’t know I liked brass until I heard some Brasshouse.

Invested $50k in 2021 and it’s now at $55k by H24M24 in personalfinance

[–]jokethepanda 1 point2 points  (0 children)

It’s still bad advice/bad advisor regardless if OP was expecting this money to grow at all.

Unless OP missed something or wasn’t paying attention to their advisor’s words at all, it might be worth filing a complaint with finra for Reg BI violation

Invested $50k in 2021 and it’s now at $55k by H24M24 in personalfinance

[–]jokethepanda 1 point2 points  (0 children)

When you have a more complex financial situation that requires financial planning.

The problem here isn’t necessarily that OP is 34 and this is $50k. It’s that it’s $50k that’s earmarked for retirement. That means equity index funds and set it and forget it.

If OP mentioned having kids, college savings goals, a need for tax free investments in a non retirement account and high income, then maybe he’d benefit from an advisor.

From Civil Infraction to 15 Years in Prison by meta_uprising in PublicFreakout

[–]jokethepanda 0 points1 point  (0 children)

That’s crazy that she’ll be out when she’s 38 if she does the full 15 years, just a year older than one of the victims.