Hasbro's Stock Plummets

[Steve 7,539]

From Investing.com https://www.investing.com/news/stock-market-news/magic-the-gathering-analysis-prompts-bofa-to-double-downgrade-hasbro-432SI-2943159

 

 

 

Another Article: https://www.polygon.com/23458064/magic-the-gathering-overprinting-hasbro-stock-downgrade

 

It's not looking good. I should have sold off more of my collection last year. Not sure when the prices will recover.

 

Investors like Alpha Investments are sweating right now...

 

 

[Jozua B 181]

Hasbro has broken/corrupted the hobby of D&D and MTG so much, it feels like I got out (losing my store) at the right time.

Corporate greed and mismanagement is killing a lot of the game/technology industry... Which makes me pissed off. and I'm feeling kind of disgusted by myself, because most companies have been destroying our planet, but now that they are touching my hobbies I feel outraged. Maybe it's because the destruction of our planet has been going on from before I was born that I am/was desensitized 😞.

Rant over...

I think Magic will always have a market because of the many people who have invested in those things. Unless they keep reprinting cards at this rate. It will always be a fun game to play, doesn't matter how old your cards are.

Great post to make people aware!

 

[Steve 7,539]

The nice thing about D&D is you can play a previous edition of the game on your own terms if you want to, it's very adaptable. From what I understand anyway.

With MTG if you want to enjoy the new cards and mechanics or want a reprint of an old card you're going to pay for it. Unless of course you just buy proxies which is probably the way to go now. I've always wanted a Power 9 Cube.

[Jozua B 181]

13 hours ago, Steve said:

The nice thing about D&D is you can play a previous edition of the game on your own terms if you want to, it's very adaptable. From what I understand anyway.

With MTG if you want to enjoy the new cards and mechanics or want a reprint of an old card you're going to pay for it. Unless of course you just buy proxies which is probably the way to go now. I've always wanted a Power 9 Cube.

It's true about D&D and it can also be applied to Magic, you can play Commander with any sets so it doesn't matter when you got your cards (excluding Alpha, Beta and Unlimited or the unhinged and other special sets). The terrible part is that newcomers are going to have a harder time to get into D&D than before, like some obscure rpgs that are no longer in print. Ofcourse if you get into D&D it's probably going to be via someone who owns a set 🤔. Magic will always be a money pit...

I've seen the power 9 IRL twice and got to hold them one of those times, and I can say palms get sweaty...😅 (they were triple sleeved 😁)

That cube is awesome if you know how to combo with the cards, I've played it when I was getting back into the hobby and got slapped around...

 

[JannyWurts 434]

When 'value' decisions are made only on money, with no other virtue taken into consideration, what you get is a desert.

Whether the environment, a game, publishing, or you name it, the money driving corporate purpose is a disaster. It will consume and leave nothing.

Up to us to base our decisions on sounder values,  more vitally important. Money is the tail wagging the dog.

To wrest that power away, it takes a village, caring, constant effort, and choosing every day based on more than cost, more than price, more than profit.

 

Whenever I see small companies with great ideas get absorbed and merged, it makes me furious. Fury is the impetus to act. Sometimes we may not know how, yet.

But money alone will leave a desert. In all ways. This is not the symptom, this is the disease, when the heart goes out of choices. It is the struggle of our times, come to a head, and no time to abandon ship. Gaming, stories, all began as a niche market. It may become so again. Be the dog that wags the tail, look to the grass roots of what made what you love great to start with - the driving force beneath that impulse - creativity - IS NOT GONE. Just usurped. Don't fall for the voices that say it is lost - it is ours, has been ours, and will be ours. Time to think deep and reach outside the box. Corporate and mass culture does not look at the fringe and that is where the movement IS.

I remember when Magic, The Gathering was a tiny group of gamers sitting in the corners of conventions - brand new - and the players were utterly entranced and absorbed. To find them, you could not follow the current crowd, the current trend - and a great man and editor, John Silbersack (now agent) perceived the intensity of the focus on this game - he was the first to 'move' it into HarperEntertainment's attention (stories related to game)...there will always be that visionary, then the person seeing profit - then the bigger players with NO understanding of fantasy (not like John, who was a reader long before his career)...time to disconnect from the mass and seek for the visionary. Over and Over, even in the art world of 'collector prints' I have seen corporate greed overstep what made a thing uniquely valuable and start to milk it for profit - and every single time, they created a desert.

Your interest is the steering force; the vultures after profit always follow.

Know who you are, know your power, choose your interests with a wider span of values than just 'money' - that is where the treasure, the creativity, the enthusiasm and the love reside.

Hasbro bought the golden goose and proceeded to smother it - why am I not surprised?

No need to follow the lemmings over the cliff.

[Steve 7,539]

It's sad how far the game and the companies priorities have changed even in the last 10 years. I'm glad I have quite a large collection that will keep me busy for a while, I haven't bought any new sets in two or three years.