Numlock News: February 17, 2022 • Wizards, Force Majeure, Massachusetts Drivers
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By Walt Hickey Wizards Hasbro announced earnings yesterday, and the Wizards of the Coast unit alone was responsible for 46 percent of the company’s $1.29 billion in adjusted earnings before interest, taxes, depreciation and amortization. Wizards oversees the Dungeons & Dragons line of products and the Magic: The Gathering card game, and a group of activist investors are wondering if it wouldn’t make sense to make like a barbarian and cleave the company in twain, separating the Wizards of the Coast unit into a standalone entity that they estimate could eventually be worth $13 billion or more all on its own. Indeed, Alta Fox Capital Management LLC has gone so far as to gather the material components necessary to cast a fifth-level Board of Directors Vote, and if the current management fails to succeed on a Wisdom-saving throw equal to the attacker’s shareholding modifier, they may very well get their wish.
Numlock News: February 17, 2022 • Wizards, Force Majeure, Massachusetts Drivers
Numlock News: February 17, 2022 • Wizards…
Numlock News: February 17, 2022 • Wizards, Force Majeure, Massachusetts Drivers
By Walt Hickey Wizards Hasbro announced earnings yesterday, and the Wizards of the Coast unit alone was responsible for 46 percent of the company’s $1.29 billion in adjusted earnings before interest, taxes, depreciation and amortization. Wizards oversees the Dungeons & Dragons line of products and the Magic: The Gathering card game, and a group of activist investors are wondering if it wouldn’t make sense to make like a barbarian and cleave the company in twain, separating the Wizards of the Coast unit into a standalone entity that they estimate could eventually be worth $13 billion or more all on its own. Indeed, Alta Fox Capital Management LLC has gone so far as to gather the material components necessary to cast a fifth-level Board of Directors Vote, and if the current management fails to succeed on a Wisdom-saving throw equal to the attacker’s shareholding modifier, they may very well get their wish.