For anyone who doesnt know about magic the gathering, it is a collectable card game that accounts for a large portion of hasbros sales.
They have been on a downward spiral with poor decisions around the products they offer now and players are getting sick of it.
On the 30th year anniversary, hasbro, via wizards of the coast, released an exclusive high end product line, that in my opinion alienated the average mtg consumer.
The introduction of serialized cards has been very mixed in its reception. The overload of products has overwhelmed customers, and confused them.
Hasbro is basically squeezing liquidity out of wizards of the coast, at the expense of the game. This is very alarming to me as both a player and share holder.
I would be very careful trading hasbro. I think it is going to take a 4th quarter dive.