The Best One Yet 🦕 “Dino IPO” — Stegosaurus goes public. Mattel’s Hot Wheels win. Broadcom’s BATMMAAN stocks.
Dec 18, 2024
A stegosaurus skeleton is making a splash with its inaugural IPO, capturing the imagination of investors. Mattel’s Hot Wheels are soaring, boasting a 14% sales increase while outpacing Barbie for toy supremacy. Meanwhile, Broadcom is climbing to new heights, approaching a staggering $1 trillion valuation, likened to an 'egg carton' for NVIDIA’s chips. Also discussed is the rise of 'Batman stocks' in the tech sphere, marking an exciting time in the market. Plus, there’s a surprising hierarchy in firewood types that startups are banking on.
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Hot Wheels Defy Industry Trends
- Mattel's Hot Wheels sales are up 14% this year, reaching $1.4 billion.
- This success contrasts with the struggling toy industry, as kids increasingly shift to screens.
Impulse Buy Strategy
- Maintain low prices and ensure widespread availability, especially at points of sale where impulse purchases are common.
- This strategy, borrowed from the candy industry, has proven effective for Hot Wheels.
Dino IPO
- A stegosaurus skeleton is going public in an IPO, with 20% ownership offered for $14 million.
- The total valuation is $69 million, surpassing recent market prices for similar fossils.
