Research Notes: A Deep Dive On Spin Master, Owner Of Paw Patrol
Investors are pricing a decline into Spin Master stock. But the business is doing just fine.
Highlights:
Ten years after its release, PAW Patrol remains one of the most popular children’s shows in the world.
Yet shares of its producer, Spin Master, are actually negative over the past five years.
That contradiction isn’t explained by underlying business performance — and the stock now trades under 6x EBITDA.