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DD - Funko Toys

2/9/21 Update: Additional info posted here

Funko is a good company with solid performance that is still trading at a reasonable price. Check out my DD below:
​
Funko (FNKO)
Share Price (1/28/21) : $11.97
Share Price (09/16/19) : $27.86
Short Interest (1/26/21) : 14%
Next Earnings Release: March 2021
Funko Inc. is an American company that manufactures licensed pop culture collectibles, best known for its licensed vinyl figurines and bobbleheads. They have over 1,000 licenses across music, video games, film, TV, sports and many other pop culture properties. Some of their most popular licensed brands include Marvel, Disney, Star Wars, Pokemon, Fortnite, NBA, NFL, MLB, DC Comics, and a variety of anime properties.
Several points below support the belief that Funko’s revenue grew during the 2020 holiday season and could continue well into 2021:
· Increasing search traffic for Funko products
· Direct sales growth is driving increased revenue and profitability
· Parents are buying more gifts for their kids due to COVID
· People have more disposable income from staying at home and not going out
· Expansion of new products and licensees continuing through 2021
· Collectible investments like Funko POP! figures are exploding in value and popularity
· Recent analyst commentary, valuation, and financials are positive
FUNKO’S SEARCH TRAFFIC REACHES AN ALL-TIME HIGH IN Q4 2020
“Funko” google trends search traffic was up 20-30% in Q4 2020 (vs. Q4 2019)
Searches for “Funko” were up 2x in December vs the beginning of November 2020
After falling in December, “Funko” searches are trending back up to all-time-high levels
FUNKO’S DIRECT SALES INITIATIVES DRIVING HIGHER REVENUE & MARGIN
Funko Direct Sales (B2C) grew significantly in Q3 and likely to continue into Q4
· B2C business as a percentage of sales increased to 8% in Q3 2020 from 4% during the prior year.
· Funko’s e-commerce site grew over 150% vs. the prior year in Q3 2020
· The number of SKU’s on Funko’s e-commerce site rose tenfold since June 2020
“We went from only 200 of our own products [on our website] as late as June this year, to now well over 2,000 products available on our website.” – Funko CEO, Brian Mariotti
Funko’s first ever Selena Pop! sold out online in just 40 minutes.
Funko’s Q3 2020 Gross Profit % and Operating Margin % were near all-time-highs for the company
· Funko’s Q3 Gross Profit Percentage of 38.6% was its second highest ever (behind only Q1 2020)
· Funko’s Q3 Operating Profit Percentage of 10.8% was its second highest ever (behind only Q4 2018)
· As Funko continues to grow it’s B2C e-commerce sales in Q4 and beyond, it is possible that gross profit and operating profit percentages could rise as well
Retail customers were able to shift their Brick & Mortar inventory to their e-commerce channels to Funko unit sales
· Funko resellers who didn’t sell online were severely impacted by Brick & Mortar closures during COVID stay-at-home orders. As 2020 progressed, some of these retailers were able to create online stores (e.g.- Shopify, Amazon, eBay, etc.) through which they could sell their Funko inventory.
· Larger retailers that already had an omni-channel presence were able to shift their sales inventory from their Brick & Mortar stores to online fulfilment.
Funko has also created a mini-Pop! factory at its headquarters where customers can make their own custom Funko at a price of $25 each
· According to Funko, you can customize your Pop! using thousands of combinations. It’s “Think Build-A-Bear meets Funko Pop!” according to CEO Brian Mariotti.
· With a $25 price point, the margins are likely higher than the average Pop! figure that retails for between $10 to $15
PARENTS BUYING MORE GIFTS FOR THEIR KIDS DUE TO COVID
Parents likely splurged on their kids out of guilt of having shelter at home because of restrictions and to keep them occupied while they had to work at home.
· “Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. We believe President-elect Biden’s stimulus proposal, with direct payments to families and individuals, and further aid for small businesses and tools to keep businesses open, will keep the economy growing.” NRF President Matthew Shay
· “2020 was an unprecedented year for the U.S. toy industry. The growth we’ve seen in the toy industry speaks to the fact that parents are willing to put their children’s happiness above all else. The industry’s resiliency is very much underpinned by the reality that, in times of hardship, families look to toys to help keep their children engaged, active, and delighted. Put simply, toys are a big part of the happiness equation.” Juli Lennett - VP, U.S. Toys at NPD
Toy sales were strong in 2020 as US retail sales of toys was up 16% vs 2019; driven by pandemic spending
· According to NPD, “Much of the growth in 2020 was directly correlated to the COVID-19 pandemic and the changing consumer behavior associated with widespread lockdowns and school closures, the disposable income diverted from other types of entertainment to toys, as well as the onset of federal stimulus checks.”
Consumer spending on toys increased measurably due to lockdowns; with strong performance continuing through the holidays
· Per NPD, “While toy sales through mid-March 2020 were flat vs. 2019, widespread lockdown measures led to an abrupt increase in sales. This was further amplified by the distribution of stimulus checks beginning in April, resulting in the strongest month of growth for the year in May (+38%). Toy industry growth peaked again in October with an increase of 33% when the holiday season kicked off with Amazon Prime Day along with other retailer deals the same week.”
Key retail sources reporting significant sales growth during Q4 2020 suggest Funko sales performance was strong
· Target Q4 sales were fantastic showing signs of retail strength with a consumer that overlaps well with the Funko
> Overall comparable sales were up 17.2%
> Comparable digital sales were up over 100%
> Store-originated comparable sales were up 4.2%
> Store traffic was up 4.3%
> Average ticket size was up 12.3%
· GameStop Q4 sales were solid; showing additional potential for Funko sales
> Same store sales were up 4.8% in Q4 2020
> Online sales increased 309% in Q4 2020
· According to the NRF, 2020 Holiday Retail Sales were up 8.3% compared to the prior year despite the pandemic
> A surge in online shopping drove the increase (rising 32% vs. 2019)
> The increase of 8.3% was over double the average increase of 3.5% that the industry had seen over the last five years.
MORE DISPOSABLE INCOME TO SPEND AT HOME BY NOT GOING OUT
The National Retail Federation (NRF) says that strong retail performance has been driven by consumers with stimulus checks and extra savings from not going out or traveling
· “There was a massive boost to consumer wallets this season. Consumers were able to splurge on holiday gifts because of increased money in their bank accounts from the stimulus payments they received earlier in the year and the money they saved by not traveling, dining out, or attending entertainment events” – NRF Chief Economist Jack Kleinhenz.
Spending on “experiences” fell significantly in 2020
· The US Travel Association forecasts that spending on travel fell $500 billion in 2020 from $1.1 trillion in 2019
> The industry has lost about 40% of its direct travel jobs (about 3.5 million jobs) in 2020; driven by a reduction in business travel
> Foreign visitors to the US fell about 75% in 2020; driving a $119 billion reduction in travel spending
· Concert spending is down dramatically
> Live Nation reported a 98% decline in concert revenue in Q2 2020 and a 95% decline in concert revenue in Q3 2020
> About 5.2 million tickets were refunded in Q3 2020 and 23.3 million tickets had been refunded so far in 2020 (as of the end of Q3)
· Movie theater attendance is down substantially
> AMC theaters saw a 97% decline in attendance and a 91% decline in revenue in Q3 2020
> Cinemark saw a 96% decline in revenue
> Marcus Corporation (which also owns hotels and restaurants) saw a 84% decline in revenue
> Studio Movie Grill filed for bankruptcy
· Other anecdotal information points to more stay-at-home activity decreasing recreational spending
> Chuck E Cheese’s declared bankruptcy
> Dave & Busters is considering bankruptcy and plans layoffs of +1,000
> CiCi’s Pizza declares bankruptcy
> Starbucks saw fewer customers, reduced store hours, increased store closures, and a 5% decline in revenues in Q4 2020. This has led them to plan a shift to more “to-go” formats
> Many Las Vegas Hotels and Casinos have decided to close “part-time” during the week due to lower attendance and travel.
These include Encore, Rio, Linq, Planet Hollywood, Mandalay Bay, Park MGM, and Mirage
The majority of food buffets at the major hotels and casinos have been shuttered for the time being
Stimulus checks and other government programs to support consumer spending provide tailwinds for retail activity
· The US government authorized more than $10,000 per person in stimulus spending in 2020 over the course of five relief bills totaling $3.5 trillion
· More stimulus spending is expected; including a potential $1.9 trillion package that could include an additional $1,400 in stimulus checks
MORE SKUS / LICENSES ARE GROWING AND EXPECTED TO CONINUE STRONG
Active properties continue to rise and are expected to grow well into the future
· The number of active properties in Q3 2020 grew 15% over 2019
· Active properties grew from 644 in Q2 to 715 in Q3 2020
· The potential universe for Funko Pops! is limitless as new films, tv shows, musicians, anime characters, sports stars, and other media properties are created every year.
Some of the hot properties for this year and beyond
· Star Wars: Baby Yoda, Mandalorian, Rey, Valentine’s Day, etc.
· Marvel: WandaVision, Deadpool, Lucha Libre, Spiderman, Venom
· Anime: Dragon Ball Z, Naruto, Bakugan, My Hero Academia
· Films: Harry Potter, The Goonies, The Mummy, Fast & Furious
· TV: The Office, Umbrella Academy, The Queen’s Gambit, The Simpsons
· Sports: NFL, NBA, MLB, WWE
· Others: Disney, Pokemon, etc.
Retail exclusives can grow the potential universe of licenses and increase retailer buy-in
· For example: A retailer like GameStop could lobby Funko to make a GameStop exclusive of the WallStreetBets Kid like this person suggested here. (The exclusive Pop! would be made into a limited edition and sold only to GameStop to sell at their stores)
COLLECTIBLE INVESTMENTS ARE GROWING IN VALUE & POPULARITY
· Funko: The average Pops! Figure has a retail price from between $10 and $15 which allows most people an affordable entry point into collecting. Over time some Pops! Figures increase substantially in price; from $50 to $100 to even several thousand dollars. While some collectors buy Pops! as primarily an investment, many more buy them as a way to show their fandom. Whether they are avid Star Wars, Harry Potter, Pokemon, Sports, or Anime fans; collectors build large collections and show them off to friends.
· Sports Cards: To those paying attention, sports cards have been on a massive run with some cards worth more than your parent’s house and your sister’s car. Since the pandemic started, the demand for sports collectibles from basketball to football to soccer (and many others) has skyrocketed. Countless videos of box-breaks and pack openings have become the norm on social media. Some of these boxes are being purchased for tens of thousands with “hits” ranging from several hundred to hundreds of thousands.
· Collector’s Universe: This company that grades sports cards and other collectibles has tripled in value since June 2020. The number of sports collectors grading cards has exploded as demand rises. The popularity of grading sports cards is expected to maintain as prices continue to rise and the hobby becomes more mainstream.
ANALYST COMMENTARY AND FINANCIALS ARE A POSTIVE FOR THE STOCK
Piper Sandler: Upgraded Funko from “Neutral” to “Overweight” (raising their price target from $6 to $12).
· Analyst Erin Murphy sees evidence of “subsequent revenue pillars” with their recent launch of Snapsies at 800 Target stores; along with an expansion into board games and its digital efforts, which include a newly launched website in six European countries.
Valuation Comparison: Market Cap / Revenue (TTM)
· Funko: MC - $604 million / Rev - $640 million (0.9x sales)
· Mattel: MC - $6.27 billion / Rev - $4.43 billion (1.4x sales)
· Hasbro: MC - $13.13 billion / Rev - $5.17 billion (2.5x sales)
Key Financial Trends For Funko
· Q3 2020 EPS (Adjusted) = $0.31
> Third highest ever (only Q4 2018 & Q3 2019 were higher)
· Q3 2020 Revenue = $191 million
> Fourth highest ever (only Q4 2018, Q3 2019, and Q4 2019 were higher)
· Q3 2020 Revenue increase vs prior quarter of 94%
> Q1 and Q2 2020 saw significant declines due to COVID
> Q3 2020 only down 14% vs Q3 2019 despite Q2 2020 being down 49%
> Q3 2020 strength driven by Funko adapting quickly to online in the US market. (Q4 2020 revenue growth could be aided substantially by Funko’s development of their e-commerce shop in Europe.)
· Q3 2020 SG&A was reduced 20% vs. the prior year as Funko rationalizes costs and adjusts to focus more on D2C e-commerce
TL;DR
After a tough summer, Funko sales have rocketed back in Q3 to near where they were pre-pandemic; setting up a potentially historic earnings for Q4 2020. Google search activity suggests that Funko is as popular as ever and is set up well for a strong year in 2021. People are spending less on “going out;” instead buying things to use at home and presents for their kids. As time passes, Funko’s status as a popular collectible only continues to gain momentum.
Their direct sales initiative allows Funko to capture additional margin by sidestepping traditional brick and mortar retail to reach their customers. Investments in collectible products like Pops! and sports cards continue to increase in popularity and price. And the company continues to release even more products beyond Pops!; including games and apparel. While some Wall Street Analysts have already begun to take notice, a strong Q4 earnings announcement can drive even more attention to the stock.
Positions: Long Shares & Calls
Disclosure: I am long FNKO. This is not investment advice. I reserve the right to buy or sell FNKO without updating this thread. Do your own research and share (or not share) with the community in this thread. Thank you to the others on Reddit that shared this idea earlier.
Feedback: If you have any additional information, ideas, or critiques please make sure to comment. It is great to get the perspective of others when making an investment. Also that information can be incorporated into future posts and updates.
Previous DD: Herman Miller
submitted by LavenderAutist to smallstreetbets [link] [comments]

Funko (FNKO) - Stop Toying Around

Hi all,
To celebrate the return of Undervalued to the Reddit community, I decided to put together a quick DD and post it on a stock that I have had my eye on for a little while. It's still a "work-in-progress" and I may potentially update it later on Reddit with more information or detail if I have time at some point in the future.
If you have any opinions, thoughts, or additional information, please share it. Positive. Negative. Neutral. All information is helpful and informative to the community. (I thought the feedback received from my first DD posted to this sub was quite helpful and I look forward to what you have to say.)
Thank you to u/BuyLowSellNever for turning the sub back on; allowing us to share and discuss ideas with the broader community in a thoughtful and respectful manner. Best wishes. - LA

Funko (FNKO)
Share Price (1/28/21) : $11.97
Share Price (09/16/19) : $27.86
Short Interest (1/26/21) : 14%
Next Earnings Release: March 2021
Funko Inc. is an American company that manufactures licensed pop culture collectibles, best known for its licensed vinyl figurines and bobbleheads. They have over 1,000 licenses across music, video games, film, TV, sports and many other pop culture properties. Some of their most popular licensed brands include Marvel, Disney, Star Wars, Pokemon, Fortnite, NBA, NFL, MLB, DC Comics, and a variety of anime properties.
Several points below support the belief that Funko’s revenue grew during the 2020 holiday season and could continue well into 2021:
· Increasing search traffic for Funko products
· Direct sales growth is driving increased revenue and profitability
· Parents are buying more gifts for their kids due to COVID
· People have more disposable income from staying at home and not going out
· Expansion of new products and licensees continuing through 2021
· Collectible investments like Funko POP! figures are exploding in value and popularity
· Recent analyst commentary, valuation, and financials are positive
FUNKO’S SEARCH TRAFFIC REACHES AN ALL-TIME HIGH IN Q4 2020
“Funko” google trends search traffic was up 20-30% in Q4 2020 (vs. Q4 2019)
Searches for “Funko” were up 2x in December vs the beginning of November 2020
After falling in December, “Funko” searches are trending back up to all-time-high levels
FUNKO’S DIRECT SALES INITIATIVES DRIVING HIGHER REVENUE & MARGIN
Funko Direct Sales (B2C) grew significantly in Q3 and likely to continue into Q4
· B2C business as a percentage of sales increased to 8% in Q3 2020 from 4% during the prior year.
· Funko’s e-commerce site grew over 150% vs. the prior year in Q3 2020
· The number of SKU’s on Funko’s e-commerce site rose tenfold since June 2020
“We went from only 200 of our own products [on our website] as late as June this year, to now well over 2,000 products available on our website.” – Funko CEO, Brian Mariotti
Funko’s first ever Selena Pop! sold out online in just 40 minutes.
Funko’s Q3 2020 Gross Profit % and Operating Margin % were near all-time-highs for the company
· Funko’s Q3 Gross Profit Percentage of 38.6% was its second highest ever (behind only Q1 2020)
· Funko’s Q3 Operating Profit Percentage of 10.8% was its second highest ever (behind only Q4 2018)
· As Funko continues to grow it’s B2C e-commerce sales in Q4 and beyond, it is possible that gross profit and operating profit percentages could rise as well
Retail customers were able to shift their Brick & Mortar inventory to their e-commerce channels to Funko unit sales
· Funko resellers who didn’t sell online were severely impacted by Brick & Mortar closures during COVID stay-at-home orders. As 2020 progressed, some of these retailers were able to create online stores (e.g.- Shopify, Amazon, eBay, etc.) through which they could sell their Funko inventory.
· Larger retailers that already had an omni-channel presence were able to shift their sales inventory from their Brick & Mortar stores to online fulfilment.
Funko has also created a mini-Pop! factory at its headquarters where customers can make their own custom Funko at a price of $25 each
· According to Funko, you can customize your Pop! using thousands of combinations. It’s “Think Build-A-Bear meets Funko Pop!” according to CEO Brian Mariotti.
· With a $25 price point, the margins are likely higher than the average Pop! figure that retails for between $10 to $15
PARENTS BUYING MORE GIFTS FOR THEIR KIDS DUE TO COVID
Parents likely splurged on their kids out of guilt of having shelter at home because of restrictions and to keep them occupied while they had to work at home.
· “Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. We believe President-elect Biden’s stimulus proposal, with direct payments to families and individuals, and further aid for small businesses and tools to keep businesses open, will keep the economy growing.” NRF President Matthew Shay
· “2020 was an unprecedented year for the U.S. toy industry. The growth we’ve seen in the toy industry speaks to the fact that parents are willing to put their children’s happiness above all else. The industry’s resiliency is very much underpinned by the reality that, in times of hardship, families look to toys to help keep their children engaged, active, and delighted. Put simply, toys are a big part of the happiness equation.” Juli Lennett - VP, U.S. Toys at NPD
Toy sales were strong in 2020 as US retail sales of toys was up 16% vs 2019; driven by pandemic spending
· According to NPD, “Much of the growth in 2020 was directly correlated to the COVID-19 pandemic and the changing consumer behavior associated with widespread lockdowns and school closures, the disposable income diverted from other types of entertainment to toys, as well as the onset of federal stimulus checks.”
Consumer spending on toys increased measurably due to lockdowns; with strong performance continuing through the holidays
· Per NPD, “While toy sales through mid-March 2020 were flat vs. 2019, widespread lockdown measures led to an abrupt increase in sales. This was further amplified by the distribution of stimulus checks beginning in April, resulting in the strongest month of growth for the year in May (+38%). Toy industry growth peaked again in October with an increase of 33% when the holiday season kicked off with Amazon Prime Day along with other retailer deals the same week.”
Key retail sources reporting significant sales growth during Q4 2020 suggest Funko sales performance was strong
· Target Q4 sales were fantastic showing signs of retail strength with a consumer that overlaps well with the Funko
> Overall comparable sales were up 17.2%
> Comparable digital sales were up over 100%
> Store-originated comparable sales were up 4.2%
> Store traffic was up 4.3%
> Average ticket size was up 12.3%
· GameStop Q4 sales were solid; showing additional potential for Funko sales
> Same store sales were up 4.8% in Q4 2020
> Online sales increased 309% in Q4 2020
· According to the NRF, 2020 Holiday Retail Sales were up 8.3% compared to the prior year despite the pandemic
> A surge in online shopping drove the increase (rising 32% vs. 2019)
> The increase of 8.3% was over double the average increase of 3.5% that the industry had seen over the last five years.
MORE DISPOSABLE INCOME TO SPEND AT HOME BY NOT GOING OUT
The National Retail Federation (NRF) says that strong retail performance has been driven by consumers with stimulus checks and extra savings from not going out or traveling
· “There was a massive boost to consumer wallets this season. Consumers were able to splurge on holiday gifts because of increased money in their bank accounts from the stimulus payments they received earlier in the year and the money they saved by not traveling, dining out, or attending entertainment events” – NRF Chief Economist Jack Kleinhenz.
Spending on “experiences” fell significantly in 2020
· The US Travel Association forecasts that spending on travel fell $500 billion in 2020 from $1.1 trillion in 2019
> The industry has lost about 40% of its direct travel jobs (about 3.5 million jobs) in 2020; driven by a reduction in business travel
> Foreign visitors to the US fell about 75% in 2020; driving a $119 billion reduction in travel spending
· Concert spending is down dramatically
> Live Nation reported a 98% decline in concert revenue in Q2 2020 and a 95% decline in concert revenue in Q3 2020
> About 5.2 million tickets were refunded in Q3 2020 and 23.3 million tickets had been refunded so far in 2020 (as of the end of Q3)
· Movie theater attendance is down substantially
> AMC theaters saw a 97% decline in attendance and a 91% decline in revenue in Q3 2020
> Cinemark saw a 96% decline in revenue
> Marcus Corporation (which also owns hotels and restaurants) saw a 84% decline in revenue
> Studio Movie Grill filed for bankruptcy
· Other anecdotal information points to more stay-at-home activity decreasing recreational spending
> Chuck E Cheese’s declared bankruptcy
> Dave & Busters is considering bankruptcy and plans layoffs of +1,000
> CiCi’s Pizza declares bankruptcy
> Starbucks saw fewer customers, reduced store hours, increased store closures, and a 5% decline in revenues in Q4 2020. This has led them to plan a shift to more “to-go” formats
> Many Las Vegas Hotels and Casinos have decided to close “part-time” during the week due to lower attendance and travel.
These include Encore, Rio, Linq, Planet Hollywood, Mandalay Bay, Park MGM, and Mirage
The majority of food buffets at the major hotels and casinos have been shuttered for the time being
Stimulus checks and other government programs to support consumer spending provide tailwinds for retail activity
· The US government authorized more than $10,000 per person in stimulus spending in 2020 over the course of five relief bills totaling $3.5 trillion
· More stimulus spending is expected; including a potential $1.9 trillion package that could include an additional $1,400 in stimulus checks
MORE SKUS / LICENSES ARE GROWING AND EXPECTED TO CONINUE STRONG
Active properties continue to rise and are expected to grow well into the future
· The number of active properties in Q3 2020 grew 15% over 2019
· Active properties grew from 644 in Q2 to 715 in Q3 2020
· The potential universe for Funko Pops! is limitless as new films, tv shows, musicians, anime characters, sports stars, and other media properties are created every year.
Some of the hot properties for this year and beyond
· Star Wars: Baby Yoda, Mandalorian, Rey, Valentine’s Day, etc.
· Marvel: WandaVision, Deadpool, Lucha Libre, Spiderman, Venom
· Anime: Dragon Ball Z, Naruto, Bakugan, My Hero Academia
· Films: Harry Potter, The Goonies, The Mummy, Fast & Furious
· TV: The Office, Umbrella Academy, The Queen’s Gambit, The Simpsons
· Sports: NFL, NBA, MLB, WWE
· Others: Disney, Pokemon, etc.
COLLECTIBLE INVESTMENTS ARE GROWING IN VALUE & POPULARITY
· Funko: The average Pops! Figure has a retail price from between $10 and $15 which allows most people an affordable entry point into collecting. Over time some Pops! Figures increase substantially in price; from $50 to $100 to even several thousand dollars. While some collectors buy Pops! as primarily an investment, many more buy them as a way to show their fandom. Whether they are avid Star Wars, Harry Potter, Pokemon, Sports, or Anime fans; collectors build large collections and show them off to friends.
· Sports Cards: To those paying attention, sports cards have been on a massive run with some cards worth more than your parent’s house and your sister’s car. Since the pandemic started, the demand for sports collectibles from basketball to football to soccer (and many others) has skyrocketed. Countless videos of box-breaks and pack openings have become the norm on social media. Some of these boxes are being purchased for tens of thousands with “hits” ranging from several hundred to hundreds of thousands.
· Collector’s Universe: This company that grades sports cards and other collectibles has tripled in value since June 2020. The number of sports collectors grading cards has exploded as demand rises. The popularity of grading sports cards is expected to maintain as prices continue to rise and the hobby becomes more mainstream.
ANALYST COMMENTARY AND FINANCIALS ARE A POSTIVE FOR THE STOCK
Piper Sandler: Upgraded Funko from “Neutral” to “Overweight” (raising their price target from $6 to $12).
· Analyst Erin Murphy sees evidence of “subsequent revenue pillars” with their recent launch of Snapsies at 800 Target stores; along with an expansion into board games and its digital efforts, which include a newly launched website in six European countries.
Valuation Comparison: Market Cap / Revenue (TTM)
· Funko: MC - $604 million / Rev - $640 million (0.9x sales)
· Mattel: MC - $6.27 billion / Rev - $4.43 billion (1.4x sales)
· Hasbro: MC - $13.13 billion / Rev - $5.17 billion (2.5x sales)
Key Financial Trends For Funko
· Q3 2020 EPS (Adjusted) = $0.31
> Third highest ever (only Q4 2018 & Q3 2019 were higher)
· Q3 2020 Revenue = $191 million
> Fourth highest ever (only Q4 2018, Q3 2019, and Q4 2019 were higher)
· Q3 2020 Revenue increase vs prior quarter of 94%
> Q1 and Q2 2020 saw significant declines due to COVID
> Q3 2020 only down 14% vs Q3 2019 despite Q2 2020 being down 49%
> Q3 2020 strength driven by Funko adapting quickly to online in the US market. (Q4 2020 revenue growth could be aided substantially by Funko’s development of their e-commerce shop in Europe.)
· Q3 2020 SG&A was reduced 20% vs. the prior year as Funko rationalizes costs and adjusts to focus more on D2C e-commerce
TL;DR
After a tough summer, Funko sales have rocketed back in Q3 to near where they were pre-pandemic; setting up a potentially historic earnings for Q4 2020. Google search activity suggests that Funko is as popular as ever and is set up well for a strong year in 2021. People are spending less on “going out;” instead buying things to use at home and presents for their kids. As time passes, Funko’s status as a popular collectible only continues to gain momentum.
Their direct sales initiative allows Funko to capture additional margin by sidestepping traditional brick and mortar retail to reach their customers. Investments in collectible products like Pops! and sports cards continue to increase in popularity and price. And the company continues to release even more products beyond Pops!; including games and apparel. While some Wall Street Analysts have already begun to take notice, a strong Q4 earnings announcement can drive even more attention to the stock.
Positions: Long Shares & Calls
Disclosure: I am long FNKO. This is not investment advice. I reserve the right to buy or sell FNKO without updating this thread. Do your own research and share (or not share) with the community in this thread. Thank you to the others on Reddit that shared this idea earlier.
Feedback: If you have any additional information, ideas, or critiques please make sure to comment. It is great to get the perspective of others when making an investment. Also that information can be incorporated into future posts and updates.

2/9/21 Update: Additional info posted here

submitted by LavenderAutist to Undervalued [link] [comments]

DD - Funko Toys (+$15 per share / +$600m Market Cap)

2/9/21 Update: Additional info posted here

Funko is a good company with solid performance that is still trading at a reasonable price.
Check out my DD below:
Funko (FNKO)
Share Price (02/01/21) : $12.90
Share Price (09/16/19) : $27.86
Short Interest (1/26/21) : 14%
Next Earnings Release: March 2021
Funko Inc. is an American company that manufactures licensed pop culture collectibles, best known for its licensed vinyl figurines and bobbleheads. They have over 1,000 licenses across music, video games, film, TV, sports and many other pop culture properties. Some of their most popular licensed brands include Marvel, Disney, Star Wars, Pokemon, Fortnite, NBA, NFL, MLB, DC Comics, and a variety of anime properties.
Several points below support the belief that Funko’s revenue grew during the 2020 holiday season and could continue well into 2021:
· Increasing search traffic for Funko products
· Direct sales growth is driving increased revenue and profitability
· Parents are buying more gifts for their kids due to COVID
· People have more disposable income from staying at home and not going out
· Expansion of new products and licensees continuing through 2021
· Collectible investments like Funko POP! figures are exploding in value and popularity
· Recent analyst commentary, valuation, and financials are positive
FUNKO’S SEARCH TRAFFIC REACHES AN ALL-TIME HIGH IN Q4 2020
“Funko” google trends search traffic was up 20-30% in Q4 2020 (vs. Q4 2019)
Searches for “Funko” were up 2x in December vs the beginning of November 2020
After falling in December, “Funko” searches are trending back up to all-time-high levels
FUNKO’S DIRECT SALES INITIATIVES DRIVING HIGHER REVENUE & MARGIN
Funko Direct Sales (B2C) grew significantly in Q3 and likely to continue into Q4
· B2C business as a percentage of sales increased to 8% in Q3 2020 from 4% during the prior year.
· Funko’s e-commerce site grew over 150% vs. the prior year in Q3 2020
· The number of SKU’s on Funko’s e-commerce site rose tenfold since June 2020
“We went from only 200 of our own products [on our website] as late as June this year, to now well over 2,000 products available on our website.” – Funko CEO, Brian Mariotti
Funko’s first ever Selena Pop! sold out online in just 40 minutes.
Funko’s Q3 2020 Gross Profit % and Operating Margin % were near all-time-highs for the company
· Funko’s Q3 Gross Profit Percentage of 38.6% was its second highest ever (behind only Q1 2020)
· Funko’s Q3 Operating Profit Percentage of 10.8% was its second highest ever (behind only Q4 2018)
· As Funko continues to grow it’s B2C e-commerce sales in Q4 and beyond, it is possible that gross profit and operating profit percentages could rise as well
Retail customers were able to shift their Brick & Mortar inventory to their e-commerce channels to Funko unit sales
· Funko resellers who didn’t sell online were severely impacted by Brick & Mortar closures during COVID stay-at-home orders. As 2020 progressed, some of these retailers were able to create online stores (e.g.- Shopify, Amazon, eBay, etc.) through which they could sell their Funko inventory.
· Larger retailers that already had an omni-channel presence were able to shift their sales inventory from their Brick & Mortar stores to online fulfilment.
Funko has also created a mini-Pop! factory at its headquarters where customers can make their own custom Funko at a price of $25 each
· According to Funko, you can customize your Pop! using thousands of combinations. It’s “Think Build-A-Bear meets Funko Pop!” according to CEO Brian Mariotti.
· With a $25 price point, the margins are likely higher than the average Pop! figure that retails for between $10 to $15
PARENTS BUYING MORE GIFTS FOR THEIR KIDS DUE TO COVID
Parents likely splurged on their kids out of guilt of having shelter at home because of restrictions and to keep them occupied while they had to work at home.
· “Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. We believe President-elect Biden’s stimulus proposal, with direct payments to families and individuals, and further aid for small businesses and tools to keep businesses open, will keep the economy growing.” NRF President Matthew Shay
· “2020 was an unprecedented year for the U.S. toy industry. The growth we’ve seen in the toy industry speaks to the fact that parents are willing to put their children’s happiness above all else. The industry’s resiliency is very much underpinned by the reality that, in times of hardship, families look to toys to help keep their children engaged, active, and delighted. Put simply, toys are a big part of the happiness equation.” Juli Lennett - VP, U.S. Toys at NPD
Toy sales were strong in 2020 as US retail sales of toys was up 16% vs 2019; driven by pandemic spending
· According to NPD, “Much of the growth in 2020 was directly correlated to the COVID-19 pandemic and the changing consumer behavior associated with widespread lockdowns and school closures, the disposable income diverted from other types of entertainment to toys, as well as the onset of federal stimulus checks.”
Consumer spending on toys increased measurably due to lockdowns; with strong performance continuing through the holidays
· Per NPD, “While toy sales through mid-March 2020 were flat vs. 2019, widespread lockdown measures led to an abrupt increase in sales. This was further amplified by the distribution of stimulus checks beginning in April, resulting in the strongest month of growth for the year in May (+38%). Toy industry growth peaked again in October with an increase of 33% when the holiday season kicked off with Amazon Prime Day along with other retailer deals the same week.”
Key retail sources reporting significant sales growth during Q4 2020 suggest Funko sales performance was strong
· Target Q4 sales were fantastic showing signs of retail strength with a consumer that overlaps well with the Funko
> Overall comparable sales were up 17.2%
> Comparable digital sales were up over 100%
> Store-originated comparable sales were up 4.2%
> Store traffic was up 4.3%
> Average ticket size was up 12.3%
· GameStop Q4 sales were solid; showing additional potential for Funko sales
> Same store sales were up 4.8% in Q4 2020
> Online sales increased 309% in Q4 2020
· According to the NRF, 2020 Holiday Retail Sales were up 8.3% compared to the prior year despite the pandemic
> A surge in online shopping drove the increase (rising 32% vs. 2019)
> The increase of 8.3% was over double the average increase of 3.5% that the industry had seen over the last five years.
MORE DISPOSABLE INCOME TO SPEND AT HOME BY NOT GOING OUT
The National Retail Federation (NRF) says that strong retail performance has been driven by consumers with stimulus checks and extra savings from not going out or traveling
· “There was a massive boost to consumer wallets this season. Consumers were able to splurge on holiday gifts because of increased money in their bank accounts from the stimulus payments they received earlier in the year and the money they saved by not traveling, dining out, or attending entertainment events” – NRF Chief Economist Jack Kleinhenz.
Spending on “experiences” fell significantly in 2020
· The US Travel Association forecasts that spending on travel fell $500 billion in 2020 from $1.1 trillion in 2019
> The industry has lost about 40% of its direct travel jobs (about 3.5 million jobs) in 2020; driven by a reduction in business travel
> Foreign visitors to the US fell about 75% in 2020; driving a $119 billion reduction in travel spending
· Concert spending is down dramatically
> Live Nation reported a 98% decline in concert revenue in Q2 2020 and a 95% decline in concert revenue in Q3 2020
> About 5.2 million tickets were refunded in Q3 2020 and 23.3 million tickets had been refunded so far in 2020 (as of the end of Q3)
· Movie theater attendance is down substantially
> AMC theaters saw a 97% decline in attendance and a 91% decline in revenue in Q3 2020
> Cinemark saw a 96% decline in revenue
> Marcus Corporation (which also owns hotels and restaurants) saw a 84% decline in revenue
> Studio Movie Grill filed for bankruptcy
· Other anecdotal information points to more stay-at-home activity decreasing recreational spending
> Chuck E Cheese’s declared bankruptcy
> Dave & Busters is considering bankruptcy and plans layoffs of +1,000
> CiCi’s Pizza declares bankruptcy
> Starbucks saw fewer customers, reduced store hours, increased store closures, and a 5% decline in revenues in Q4 2020. This has led them to plan a shift to more “to-go” formats
> Many Las Vegas Hotels and Casinos have decided to close “part-time” during the week due to lower attendance and travel.
These include Encore, Rio, Linq, Planet Hollywood, Mandalay Bay, Park MGM, and Mirage
The majority of food buffets at the major hotels and casinos have been shuttered for the time being
Stimulus checks and other government programs to support consumer spending provide tailwinds for retail activity
· The US government authorized more than $10,000 per person in stimulus spending in 2020 over the course of five relief bills totaling $3.5 trillion
· More stimulus spending is expected; including a potential $1.9 trillion package that could include an additional $1,400 in stimulus checks
MORE SKUS / LICENSES ARE GROWING AND EXPECTED TO CONINUE STRONG
Active properties continue to rise and are expected to grow well into the future
· The number of active properties in Q3 2020 grew 15% over 2019
· Active properties grew from 644 in Q2 to 715 in Q3 2020
· The potential universe for Funko Pops! is limitless as new films, tv shows, musicians, anime characters, sports stars, and other media properties are created every year.
Some of the hot properties for this year and beyond
· Star Wars: Baby Yoda, Mandalorian, Rey, Valentine’s Day, etc.
· Marvel: WandaVision, Deadpool, Lucha Libre, Spiderman, Venom
· Anime: Dragon Ball Z, Naruto, Bakugan, My Hero Academia
· Films: Harry Potter, The Goonies, The Mummy, Fast & Furious
· TV: The Office, Umbrella Academy, The Queen’s Gambit, The Simpsons
· Sports: NFL, NBA, MLB, WWE
· Others: Disney, Pokemon, etc.
Retail exclusives can grow the potential universe of licenses and increase retailer buy-in
· For example: A retailer like GameStop could lobby Funko to make a GameStop exclusive of the WallStreetBets Kid like this person suggested here. (The exclusive Pop! would be made into a limited edition and sold only to GameStop to sell at their stores)
COLLECTIBLE INVESTMENTS ARE GROWING IN VALUE & POPULARITY
· Funko: The average Pops! Figure has a retail price from between $10 and $15 which allows most people an affordable entry point into collecting. Over time some Pops! Figures increase substantially in price; from $50 to $100 to even several thousand dollars. While some collectors buy Pops! as primarily an investment, many more buy them as a way to show their fandom. Whether they are avid Star Wars, Harry Potter, Pokemon, Sports, or Anime fans; collectors build large collections and show them off to friends.
· Sports Cards: To those paying attention, sports cards have been on a massive run with some cards worth more than your parent’s house and your sister’s car. Since the pandemic started, the demand for sports collectibles from basketball to football to soccer (and many others) has skyrocketed. Countless videos of box-breaks and pack openings have become the norm on social media. Some of these boxes are being purchased for tens of thousands with “hits” ranging from several hundred to hundreds of thousands.
· Collector’s Universe: This company that grades sports cards and other collectibles has tripled in value since June 2020. The number of sports collectors grading cards has exploded as demand rises. The popularity of grading sports cards is expected to maintain as prices continue to rise and the hobby becomes more mainstream.
ANALYST COMMENTARY AND FINANCIALS ARE A POSTIVE FOR THE STOCK
Piper Sandler: Upgraded Funko from “Neutral” to “Overweight” (raising their price target from $6 to $12).
· Analyst Erin Murphy sees evidence of “subsequent revenue pillars” with their recent launch of Snapsies at 800 Target stores; along with an expansion into board games and its digital efforts, which include a newly launched website in six European countries.
Valuation Comparison: Market Cap / Revenue (TTM)
· Funko: MC - $604 million / Rev - $640 million (0.9x sales)
· Mattel: MC - $6.27 billion / Rev - $4.43 billion (1.4x sales)
· Hasbro: MC - $13.13 billion / Rev - $5.17 billion (2.5x sales)
Key Financial Trends For Funko
· Q3 2020 EPS (Adjusted) = $0.31
> Third highest ever (only Q4 2018 & Q3 2019 were higher)
· Q3 2020 Revenue = $191 million
> Fourth highest ever (only Q4 2018, Q3 2019, and Q4 2019 were higher)
· Q3 2020 Revenue increase vs prior quarter of 94%
> Q1 and Q2 2020 saw significant declines due to COVID
> Q3 2020 only down 14% vs Q3 2019 despite Q2 2020 being down 49%
> Q3 2020 strength driven by Funko adapting quickly to online in the US market. (Q4 2020 revenue growth could be aided substantially by Funko’s development of their e-commerce shop in Europe.)
· Q3 2020 SG&A was reduced 20% vs. the prior year as Funko rationalizes costs and adjusts to focus more on D2C e-commerce
TL;DR
After a tough summer, Funko sales have rocketed back in Q3 to near where they were pre-pandemic; setting up a potentially historic earnings for Q4 2020. Google search activity suggests that Funko is as popular as ever and is set up well for a strong year in 2021. People are spending less on “going out;” instead buying things to use at home and presents for their kids. As time passes, Funko’s status as a popular collectible only continues to gain momentum.
Their direct sales initiative allows Funko to capture additional margin by sidestepping traditional brick and mortar retail to reach their customers. Investments in collectible products like Pops! and sports cards continue to increase in popularity and price. And the company continues to release even more products beyond Pops!; including games and apparel. While some Wall Street Analysts have already begun to take notice, a strong Q4 earnings announcement can drive even more attention to the stock.
Positions: Long Shares & Calls
Disclosure: I am long FNKO. This is not investment advice. I reserve the right to buy or sell FNKO without updating this thread. Do your own research and share (or not share) with the community in this thread. Thank you to the others on Reddit that shared this idea earlier.
Feedback: If you have any additional information, ideas, or critiques please make sure to comment. It is great to get the perspective of others when making an investment. Also that information can be incorporated into future posts and updates.
Previous DD: Herman Miller
submitted by LavenderAutist to stocks [link] [comments]

Funko (FNKO) - This Is The Way

2/9/21 Update: Additional info posted here

Hi everyone.
Funko is a great stock that I believe will do well this year. Internet search traffic for Funko has been increasing and is at all-time highs over the last couple of months. The company is selling more of their toys directly to customers through their e-commerce shop (which allows them to capture higher retail revenues than wholesale revenues). And demand for collectibles and toys continues to be strong.
Here is a DD I wrote on the company below. I would love to get your thoughts.

Funko (FNKO)
Share Price (1/28/21) : $11.97
Share Price (09/16/19) : $27.86
Short Interest (1/26/21) : 14%
Next Earnings Release: March 2021
Funko Inc. is an American company that manufactures licensed pop culture collectibles, best known for its licensed vinyl figurines and bobbleheads. They have over 1,000 licenses across music, video games, film, TV, sports and many other pop culture properties. Some of their most popular licensed brands include Marvel, Disney, Star Wars, Pokemon, Fortnite, NBA, NFL, MLB, DC Comics, and a variety of anime properties.
Several points below support the belief that Funko’s revenue grew during the 2020 holiday season and could continue well into 2021:
· Increasing search traffic for Funko products
· Direct sales growth is driving increased revenue and profitability
· Parents are buying more gifts for their kids due to COVID
· People have more disposable income from staying at home and not going out
· Expansion of new products and licensees continuing through 2021
· Collectible investments like Funko POP! figures are exploding in value and popularity
· Recent analyst commentary, valuation, and financials are positive
FUNKO’S SEARCH TRAFFIC REACHES AN ALL-TIME HIGH IN Q4 2020
“Funko” google trends search traffic was up 20-30% in Q4 2020 (vs. Q4 2019)
Searches for “Funko” were up 2x in December vs the beginning of November 2020
After falling in December, “Funko” searches are trending back up to all-time-high levels
FUNKO’S DIRECT SALES INITIATIVES DRIVING HIGHER REVENUE & MARGIN
Funko Direct Sales (B2C) grew significantly in Q3 and likely to continue into Q4
· B2C business as a percentage of sales increased to 8% in Q3 2020 from 4% during the prior year.
· Funko’s e-commerce site grew over 150% vs. the prior year in Q3 2020
· The number of SKU’s on Funko’s e-commerce site rose tenfold since June 2020
“We went from only 200 of our own products [on our website] as late as June this year, to now well over 2,000 products available on our website.” – Funko CEO, Brian Mariotti
Funko’s first ever Selena Pop! sold out online in just 40 minutes.
Funko’s Q3 2020 Gross Profit % and Operating Margin % were near all-time-highs for the company
· Funko’s Q3 Gross Profit Percentage of 38.6% was its second highest ever (behind only Q1 2020)
· Funko’s Q3 Operating Profit Percentage of 10.8% was its second highest ever (behind only Q4 2018)
· As Funko continues to grow it’s B2C e-commerce sales in Q4 and beyond, it is possible that gross profit and operating profit percentages could rise as well
Retail customers were able to shift their Brick & Mortar inventory to their e-commerce channels to Funko unit sales
· Funko resellers who didn’t sell online were severely impacted by Brick & Mortar closures during COVID stay-at-home orders. As 2020 progressed, some of these retailers were able to create online stores (e.g.- Shopify, Amazon, eBay, etc.) through which they could sell their Funko inventory.
· Larger retailers that already had an omni-channel presence were able to shift their sales inventory from their Brick & Mortar stores to online fulfilment.
Funko has also created a mini-Pop! factory at its headquarters where customers can make their own custom Funko at a price of $25 each
· According to Funko, you can customize your Pop! using thousands of combinations. It’s “Think Build-A-Bear meets Funko Pop!” according to CEO Brian Mariotti.
· With a $25 price point, the margins are likely higher than the average Pop! figure that retails for between $10 to $15
PARENTS BUYING MORE GIFTS FOR THEIR KIDS DUE TO COVID
Parents likely splurged on their kids out of guilt of having shelter at home because of restrictions and to keep them occupied while they had to work at home.
· “Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year. We believe President-elect Biden’s stimulus proposal, with direct payments to families and individuals, and further aid for small businesses and tools to keep businesses open, will keep the economy growing.” NRF President Matthew Shay
· “2020 was an unprecedented year for the U.S. toy industry. The growth we’ve seen in the toy industry speaks to the fact that parents are willing to put their children’s happiness above all else. The industry’s resiliency is very much underpinned by the reality that, in times of hardship, families look to toys to help keep their children engaged, active, and delighted. Put simply, toys are a big part of the happiness equation.” Juli Lennett - VP, U.S. Toys at NPD
Toy sales were strong in 2020 as US retail sales of toys was up 16% vs 2019; driven by pandemic spending
· According to NPD, “Much of the growth in 2020 was directly correlated to the COVID-19 pandemic and the changing consumer behavior associated with widespread lockdowns and school closures, the disposable income diverted from other types of entertainment to toys, as well as the onset of federal stimulus checks.”
Consumer spending on toys increased measurably due to lockdowns; with strong performance continuing through the holidays
· Per NPD, “While toy sales through mid-March 2020 were flat vs. 2019, widespread lockdown measures led to an abrupt increase in sales. This was further amplified by the distribution of stimulus checks beginning in April, resulting in the strongest month of growth for the year in May (+38%). Toy industry growth peaked again in October with an increase of 33% when the holiday season kicked off with Amazon Prime Day along with other retailer deals the same week.”
Key retail sources reporting significant sales growth during Q4 2020 suggest Funko sales performance was strong
· Target Q4 sales were fantastic showing signs of retail strength with a consumer that overlaps well with the Funko
> Overall comparable sales were up 17.2%
> Comparable digital sales were up over 100%
> Store-originated comparable sales were up 4.2%
> Store traffic was up 4.3%
> Average ticket size was up 12.3%
· GameStop Q4 sales were solid; showing additional potential for Funko sales
> Same store sales were up 4.8% in Q4 2020
> Online sales increased 309% in Q4 2020
· According to the NRF, 2020 Holiday Retail Sales were up 8.3% compared to the prior year despite the pandemic
> A surge in online shopping drove the increase (rising 32% vs. 2019)
> The increase of 8.3% was over double the average increase of 3.5% that the industry had seen over the last five years.
MORE DISPOSABLE INCOME TO SPEND AT HOME BY NOT GOING OUT
The National Retail Federation (NRF) says that strong retail performance has been driven by consumers with stimulus checks and extra savings from not going out or traveling
· “There was a massive boost to consumer wallets this season. Consumers were able to splurge on holiday gifts because of increased money in their bank accounts from the stimulus payments they received earlier in the year and the money they saved by not traveling, dining out, or attending entertainment events” – NRF Chief Economist Jack Kleinhenz.
Spending on “experiences” fell significantly in 2020
· The US Travel Association forecasts that spending on travel fell $500 billion in 2020 from $1.1 trillion in 2019
> The industry has lost about 40% of its direct travel jobs (about 3.5 million jobs) in 2020; driven by a reduction in business travel
> Foreign visitors to the US fell about 75% in 2020; driving a $119 billion reduction in travel spending
· Concert spending is down dramatically
> Live Nation reported a 98% decline in concert revenue in Q2 2020 and a 95% decline in concert revenue in Q3 2020
> About 5.2 million tickets were refunded in Q3 2020 and 23.3 million tickets had been refunded so far in 2020 (as of the end of Q3)
· Movie theater attendance is down substantially
> AMC theaters saw a 97% decline in attendance and a 91% decline in revenue in Q3 2020
> Cinemark saw a 96% decline in revenue
> Marcus Corporation (which also owns hotels and restaurants) saw a 84% decline in revenue
> Studio Movie Grill filed for bankruptcy
· Other anecdotal information points to more stay-at-home activity decreasing recreational spending
> Chuck E Cheese’s declared bankruptcy
> Dave & Busters is considering bankruptcy and plans layoffs of +1,000
> CiCi’s Pizza declares bankruptcy
> Starbucks saw fewer customers, reduced store hours, increased store closures, and a 5% decline in revenues in Q4 2020. This has led them to plan a shift to more “to-go” formats
> Many Las Vegas Hotels and Casinos have decided to close “part-time” during the week due to lower attendance and travel.
These include Encore, Rio, Linq, Planet Hollywood, Mandalay Bay, Park MGM, and Mirage
The majority of food buffets at the major hotels and casinos have been shuttered for the time being
Stimulus checks and other government programs to support consumer spending provide tailwinds for retail activity
· The US government authorized more than $10,000 per person in stimulus spending in 2020 over the course of five relief bills totaling $3.5 trillion
· More stimulus spending is expected; including a potential $1.9 trillion package that could include an additional $1,400 in stimulus checks
MORE SKUS / LICENSES ARE GROWING AND EXPECTED TO CONINUE STRONG
Active properties continue to rise and are expected to grow well into the future
· The number of active properties in Q3 2020 grew 15% over 2019
· Active properties grew from 644 in Q2 to 715 in Q3 2020
· The potential universe for Funko Pops! is limitless as new films, tv shows, musicians, anime characters, sports stars, and other media properties are created every year.
Some of the hot properties for this year and beyond
· Star Wars: Baby Yoda, Mandalorian, Rey, Valentine’s Day, etc.
· Marvel: WandaVision, Deadpool, Lucha Libre, Spiderman, Venom
· Anime: Dragon Ball Z, Naruto, Bakugan, My Hero Academia
· Films: Harry Potter, The Goonies, The Mummy, Fast & Furious
· TV: The Office, Umbrella Academy, The Queen’s Gambit, The Simpsons
· Sports: NFL, NBA, MLB, WWE
· Others: Disney, Pokemon, etc.
COLLECTIBLE INVESTMENTS ARE GROWING IN VALUE & POPULARITY
· Funko: The average Pops! Figure has a retail price from between $10 and $15 which allows most people an affordable entry point into collecting. Over time some Pops! Figures increase substantially in price; from $50 to $100 to even several thousand dollars. While some collectors buy Pops! as primarily an investment, many more buy them as a way to show their fandom. Whether they are avid Star Wars, Harry Potter, Pokemon, Sports, or Anime fans; collectors build large collections and show them off to friends.
· Sports Cards: To those paying attention, sports cards have been on a massive run with some cards worth more than your parent’s house and your sister’s car. Since the pandemic started, the demand for sports collectibles from basketball to football to soccer (and many others) has skyrocketed. Countless videos of box-breaks and pack openings have become the norm on social media. Some of these boxes are being purchased for tens of thousands with “hits” ranging from several hundred to hundreds of thousands.
· Collector’s Universe: This company that grades sports cards and other collectibles has tripled in value since June 2020. The number of sports collectors grading cards has exploded as demand rises. The popularity of grading sports cards is expected to maintain as prices continue to rise and the hobby becomes more mainstream.
ANALYST COMMENTARY AND FINANCIALS ARE A POSTIVE FOR THE STOCK
Piper Sandler: Upgraded Funko from “Neutral” to “Overweight” (raising their price target from $6 to $12).
· Analyst Erin Murphy sees evidence of “subsequent revenue pillars” with their recent launch of Snapsies at 800 Target stores; along with an expansion into board games and its digital efforts, which include a newly launched website in six European countries.
Valuation Comparison: Market Cap / Revenue (TTM)
· Funko: MC - $604 million / Rev - $640 million (0.9x sales)
· Mattel: MC - $6.27 billion / Rev - $4.43 billion (1.4x sales)
· Hasbro: MC - $13.13 billion / Rev - $5.17 billion (2.5x sales)
Key Financial Trends For Funko
· Q3 2020 EPS (Adjusted) = $0.31
> Third highest ever (only Q4 2018 & Q3 2019 were higher)
· Q3 2020 Revenue = $191 million
> Fourth highest ever (only Q4 2018, Q3 2019, and Q4 2019 were higher)
· Q3 2020 Revenue increase vs prior quarter of 94%
> Q1 and Q2 2020 saw significant declines due to COVID
> Q3 2020 only down 14% vs Q3 2019 despite Q2 2020 being down 49%
> Q3 2020 strength driven by Funko adapting quickly to online in the US market. (Q4 2020 revenue growth could be aided substantially by Funko’s development of their e-commerce shop in Europe.)
· Q3 2020 SG&A was reduced 20% vs. the prior year as Funko rationalizes costs and adjusts to focus more on D2C e-commerce
TL;DR
After a tough summer, Funko sales have rocketed back in Q3 to near where they were pre-pandemic; setting up a potentially historic earnings for Q4 2020. Google search activity suggests that Funko is as popular as ever and is set up well for a strong year in 2021. People are spending less on “going out;” instead buying things to use at home and presents for their kids. As time passes, Funko’s status as a popular collectible only continues to gain momentum.
Their direct sales initiative allows Funko to capture additional margin by sidestepping traditional brick and mortar retail to reach their customers. Investments in collectible products like Pops! and sports cards continue to increase in popularity and price. And the company continues to release even more products beyond Pops!; including games and apparel. While some Wall Street Analysts have already begun to take notice, a strong Q4 earnings announcement can drive even more attention to the stock.
Positions: Long Shares & Calls
Disclosure: I am long FNKO. This is not investment advice. I reserve the right to buy or sell FNKO without updating this thread. Do your own research and share (or not share) with the community in this thread. Thank you to the others on Reddit that shared this idea earlier.
Feedback: If you have any additional information, ideas, or critiques please make sure to comment. It is great to get the perspective of others when making an investment. Also that information can be incorporated into future posts and updates.
submitted by LavenderAutist to StockMarket [link] [comments]

Hey, you're going to Las Vegas for RLCS LAN? Here's a quick run down for what you need to know if you are not a regular.

I'm a Vegas regular. I travel there for work and play between 6-10 times a year. I've been to Vegas somewhere around 70 times.
Here are some tips, in no particular order.
Orleans Arena is "off strip". It is part of the Orleans Hotel and Casino. If you choose to stay at The Orleans, you will have a 10 minute ubelyft back and forth from the strip. The Strip is the part of Vegas that you always see when you think of Vegas. It's called Las Vegas Boulavard. Orleans is a property that basically has nothing around it, and there is not really much to see without a 20 minute walk to the Palms, or a 20 minute walk to the Rio.
If you are only going to eat, drink, and breathe RLCS, staying at the Orleans is probably a good idea. But if you want to experience Vegas, you want to stay on the strip.
Lodging can be had for cheap, up to more expensive. The cost of hotel rooms is usually based on the property location on the strip, as the more central hotels are the nicer ones.
Bellagio, Aria, and the Cosmo are the best places to stay that are in the middle. They will cost anywhere between $250-$400 a night. A great central location hotel that is more economical is Planet Hollywood, which is right across from the Bellagio. Rooms can be had here for closer to $150 a night.
If you go to the end of the strip, you can have rooms for under $100, such as treasure island, Park MGM, NYNY, and Mandalay Bay, and if you really want to live economical on strip, you can go somewhere like Luxor (far end of strip) The Linq (more middle) and The Mirage.
Any of the places listed above are on strip, and you can get the full Vegas experience. Hotels such as the Palms, Gold Coast, the Rio, Stratosphere, and the Hard Rock are so far off strip that they are extremely isolated from walking distance to most of the action in Vegas.
Weather.... You're going to the Western US in the Desert, the Western US in the Desert is not what you would expect in November. You will be lucky to see temperatures above 70F, and at night it will drop down into the low 40's. Bring warm clothes!
Walking around vegas:
DO NOT, and I repeat DO NOT purchase a single thing from a street vendor. They will try selling you drink coupons, VIP tickets to shows, discounted show tickets, and just about any drug imaginable. Do not give any of these people money for any reason.
While I do not any drugs, some of my friends do, and now that marijuana is completely legal in Las Vegas, everyone raves about going to Essence Cannabis Dispensary. I've been there, and it is amazing, but I can't really speak for their product.
Skanks.... DO NOT be taken advantage of the "street walkers" and "casino crawlers" that are trying to be your friend, will want to go to your room, and after "the deed" is complete, will extort you for money. The rule of thumb, if a girl approaches you in a casino, or on the strip and is acting over friendly, they are probably a hooker, and their pimp is probably within shouting distance.
You can drink on the strip, but you CANNOT have glass. It is usually cheaper to purchase liquor or beer from one of the many CVS stores on strip.
All casinos will give you free drinks while you are playing, but sometimes the waitresses are few and far between. If you are going to be at a craps table or a slot machine for a long time, it is always a good idea to tip them very well and they will come by often.
I stay at the Bellagio the most, but my favorite places to gamble (I don't play slot machines) is a place called O'Sheas in The Linq. It is a total party atmosphere with live bands, beer pong, bean bags, and tons of table games. I think there are close to 50 tables. I'm a sucker for 3 card, and can play there for 10 hours straight.
McCarran international airport (LAS) is a nice place. Do NOT play slot machines there, as the odds are the worst of any place in Nevada. If you have an Amex Cent/Plat card, they have a Centurion lounge which has a full bar, and huge food selection, all for free.
Do not take a Taxi if you don't have to. Taxi drivers in Vegas are notorious for taking "the long way home" and you will be taken advantage of. There is a huge amount of Lyft and Ubers in the city at all times of the day. DO NOT rent a car in vegas. Parking is expensive and driving is pure gridlock.
Last but not least, if you have time, go to the "old strip" which is called Freemont Street. Old vegas is amazing, and there are a bunch of places that should be seen. You can go to the heart attack grill and get spanked for not eating your bacon cheeseburger with 50 strips of bacon, or you can go to the D Casino and have dealers in underwear. Street performers are everywhere, and it is just a good time. WATCH OUT FOR PICK POCKETERS!
Food is expensive in Vegas. The days of "cheap buffets" are gone. A burgefries will set you back somewhere around $20 in the casinos, and the chain restaurants have heavily inflated prices. The best place to eat on the strip is the miracle mile mall that is attached to planet hollywood. A bunch of the restaurants in there offer amazing drink specials and very affordable food.
I hope I covered some basics, but if you have any questions, feel free to ask, and I'll help you out the best I can.
submitted by eurostylin to RocketLeague [link] [comments]

Going to Vegas in July - I've been doing my research so hope this can help others.

I'm going in July and have done some research.
Plenty of this is from the sidebar, but other notes are from many of other sources.
The Vegas Degenerate Tour ( . ) ( . )
Things to do:
Tips:
Clubs
Food
Sex/Swingers Clubs (Or; no, you filthy pervert - what's wrong with you?)
Drive:
Drive along east CA down US-395 and crossing over to Nevada after Death Valley is one of the greatest drives I have ever done.
Guides:
Edited to include corrections.
submitted by mkgl to vegas [link] [comments]

SHOT 2017/My tales of adventure in Las Vegas

So, you wanna go to SHOT show? You think it's all fun and games? Get to play with guns? See Jesse James and R. Lee Ermey? SHOT show is the annual pilgrimage of the unwashed masses to Las Vegas to rub elbows with youtube celebrities, bloggers and overseas businessmen copying US made equipment and share infectious disease.
If you love guns, gambling and gonorrhea - SHOT show is for you! It is not my typical idea of a good time. I am not a big fan of Las Vegas.
However: I do attend for a few reasons. First, I do enjoy travel and I'm platinum on AA so I can usually score an upgrade. Second, industry people are in there that I do hundreds of thousands if not millions of dollars with business with so it's nice to put a face with the name and see what deals are out there. SHOT for me has been a bust for the past few years. Being a value guy, I want to buy at $1000 and sell at $3000 and as of recently the gun business is more like buy for $1 and sell for $1.10 if you get what I mean.
We used to do business at SHOT and now it's just checking in on foursquare, instagram and rubbing elbows with bloggers and the like. I want to make money, not spend money so this is very annoying to me.
Anyways, onto the play by play.
Monday, January 16th. One day before SHOT show.
http://imgur.com/a/HoFUm
Every time I've been rejected by a woman, I move $1 from checking into savings and I take the bankroll down to the Wynn for some play. Lets do this.
The TSA line is a shitshow thanks to, well TSA.
I slog my way to the lounge, as shitty as it is to wait for my winged chariot to DFW. I have gone from being in an abusive relationship with Delta to being in an abusive relationship with AA. Although if you really want to experience the battered spouse feeling, UA is a few gates over. This trip's light reading is trying to finish "The Tipping Point" by Malcolm Gladwell. Such a good book as well as "Outliers" if you want a good read.
I walk up to the podium to find out that my upgrades do not clear, even as an AA Plat thanks to the addition of a FOURTH elite tier. Goddamn fucking W. Doug Parker. Asshole. I gate check my bags to make life easier for me and the rest of the folks. The gate agent calls concierge key and executive platinum passengers. I look down and realize I'm wearing a suit and board with the executive platinum folks because I do not care and I look the part. If you walk with a purpose and are dressed reasonably well, you fit the profile. I settle into my window seat and try to finish outliers. I pass out before takeoff and I'm awoken by the dulcet tones of the flight attendants preparing for landing. We land at Dallas a few minutes early and I hightail it to the Centurion for a quick bite to eat. I grab a plate and help myself to some of the excellent brisket, pecan encrusted chicken and some roasted jumbo asparagus. Yes, my pee is going to smell funny. No, I do not care. The lounge is packed. The bar is full and I grab a quick single malt as I have my meal since American's not going to feed me. They begin boarding to Mccarran as I walk out of the lounge. No time for a stop in the spa on this trip. I make it to the gate just as the call group 2 boarding.
I bypass the main line and walk up through the priority line giving no heed to the people that have been waiting there before me as I hold up my paper boarding pass with PLATINUM to the gate agent. I board and take my usual seat - the exit row without the seat in front of it. I'm aghast to see this sight.
http://imgur.com/a/dygil
The savages. Literally. The savages.
I put my loathing away for a moment and look down at the exit row. I have the window. The aisle is a large middle aged man and in the middle is what I believe to be a formecurrent linebacker for the Dallas Cowboys wearing a 52 regular sports jacket. He's not a fat guy in a little coat, he's a big fucking hulk of a man stuffed in an exit row seat that is already an inch narrower due to the tray table. I grimace as I take my seat and give him the manly nod. He does not look happy about the fact that his knees are in the seat in front and I'm stretched out like a Cheshire cat in front of a fireplace on a cold January afternoon.
The boarding door closes for an on time departure and Stephanie the FA takes her seat. He leans over and asks if he can take the empty row across the aisle and she takes one look at the three of us and gives him the nod. I bail out to give him a path of egress and suddenly the trip to Las Vegas has just become way more comfortable. I finish The Tipping Point somewhere over west texas, so I pop a xanax and dr pepper and zone out for the rest of the ride. I awake to feel one of the FA's jostling me awake telling me to put my seat up. I do so and we have a ride so smooth that not even the Delta guy behind me can complain about light chop. We catch the TYSSN4 arrival and the next thing I know it the Messier Dowty landing gear of the A321 touch the paint at Mccarran for a smooth rollout down 25L.
My phone battery is approaching grim death since this seat has no power plugs and I find bartman383 has sent me a message. He has been enjoying LV with his wife and their due to bad weather they are in the city of sin for a few extra nights. He invites me to dinner. I'm still pretty full from DFW and I tell him I'll be over there once I get my bags and the car and I'll see him when I see him. He gives me the info for the hotel as we pull up to the gate.
First stop: Centurion lounge. AA's app tells me bags being unloaded. I grab a quick bite of fried chicken and brussels sprouts since they are good for you and a chocolate pudding. The brisket and pecan encrusted chicken from DFW still has me full but I'm well aware of the speed of a union baggage handlers nowadays and who doesn't like chocolate pudding? Terrorists. That's who. Want to know how to screen for terrorists TSA? Set up a table of free chocolate pudding at the airport. The people who don't take any are members of ISIS. It's just that simple.
I grab my bag and hoof it to Hertz. I'm an idiot and I am an hour late for my pickup. Oops. Will an Audi A3 suffice? I sigh and I accept my Teutonic quattro chariot. I do a burnout in the parking garage and hightail it to the exit. I flash my #1 card and my ID and the gatekeeper gives me the go ahead. I get onto the the strip and traffic is awful. I'm going to be late for dinner. I make a left onto Russell Road and hightail it up the 15. I manage to get the car up to 100 as I pass the Luxor. My phone is dead so I can't message Bart about being late. Fuck. The exit approaches quickly as I put the 4 wheel disk brakes to work and sling the car around and head south on Las Vegas Bl. I accidentally turn into the Bellagio and I'm now running even more late. Fuck. Eventually, I get the car into the garage at the Cosmopolitan and head upstairs. I cannot remember the name of the restaurant but I head up to the third floor where all the restaurants are and I see this sign that's reminiscent of my days in retail.
It says RESTAURANT - LOUNGE - PAWN SHOP.
I laugh. I walk in. It's literally a pawnshop. I look around puzzled.
FC: Is this a restaurant?
Bald Headed Guy: Yes, through that door.
He points towards a door. I walk in to find a bustling restaurant, lounge via the entrance of pawnshop. This is insane. I pass a mirror and check myself out. I adjust my tie, after all it is YSL and the ladies LOVE YSL. Remember that. I find the hostess and inform her I will be joining some friends for dinner. They probably do not have me on the reservation though but I turn on the charm and she smiles and says no problem at all. She asks if my tie is from Hermes. I say no, I'm a YSL guy. She looks impressed as I tell her I'll make a quick lap of the room to see if they're there and surprise them. She gives me a nod and tells me to go right ahead. Still got it.
I spot bart and his wife who I can only remember vaguely from gunnitlive after party video and I pull up a chair. Bart is surprised to see I made it and they are in the middle of dinner. They offer to ply me with food and beverage but I decline as I'm driving so no booze for me and no food since I am stuffed from Dallas. We chat about life and liberty over libations. Bart's wife thinks I am hysterical. She's had a few drinks and they are already into their main courses. The brussels sprouts are way too salty and we have to send it back. No bueno.
Bart invites me up to his suite on the top floor of the hotel where we are to meet Brogelicious later in the evening. I say, when in rome......we head to the top floor of the hotel tower where Bart shows me his view from the balcony and cracks open the mini bar for some more libations. He asks if I want a drink and I say I better not. I'm driving.
Not 30 seconds after arriving, brogel shows up. Bart's wife hugs brogel. She's infatuated with him. We start shooting the shit and bart opens up the minibar and tells us to take anything we want, it's on the hotel. I laugh and I look outside as bart opens his yeti 110 for some silver bullets. Apparently he is so baller the hotel will send up a yeti 110 filled with beer to make him happy. His wife is apparently such a baller. I ball on a budget. They just ball. Hahaha.
We shoot the shit some more about guns, gun stuff and people on the reddit for a while. I get a little thirsty and I crack open bart's cooler. I ask him how long the stuff in the cooler is supposed to last and he says until Wednesday.
I look down and I am agape at what I see.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a saltshaker half-full of cocaine, and a whole galaxy of multi-colored uppers, downers, screamers, laughers... Also, a quart of tequila, a quart of rum, a case of beer, a pint of raw ether, and two dozen amyls. Not that we needed all that for the trip, but once you get locked into a serious drug collection, the tendency is to push it as far as you can. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge, and I knew we'd get into that rotten stuff pretty soon.
I mentally prepared my butthole and I decided to help myself to a coors light against my wishes but Bart, Bart's wife and Brogel are all drinking so I let peer pressure take hold as I cracked open a beer with them. We head out to the balcony to smoke some cuban cigars together as bart's wife takes a photo of all of us. We all look like hell. Haha.
As bart downs his second beer, he asks me a question.
Bart: ever go hunting?
Me: Ducks a little bit but not much
Bart: ever want to hunt some deadly game?
Me: Like on african safari?
Bart: No, I mean like.........man.
Me: Hahahahhahaaha you're just fucking with me. Hahahahahhaa. That's really funny.
Bart: No really, the concierge here at this hotel will set it up for us. It's amazing. I remember my first hunt......
Brogel starts laughing and I realize they've been doing a bit. I've been had.
We bullshit about SHOT and Barrett's shotguns and other things and next thing I know, it's late but bart hands me a mixed drink. I sip it a bit and I was in the middle of a tirade complaining about my customers. Suddenly, there was a terrible roar all around us, and the sky was full of what looked like huge bats, all swooping and screeching and diving around the city, and a voice was screaming: Holy Jesus. What are these goddamn animals? Nobody seems to understand what I'm talking about. It's cold on the balcony. Our cigars are done. We head indoors. No point in mentioning these bats, I thought. Poor bastards will see them soon enough.
Back indoors I realize Brussels sprouts and coors light is a bad choice. Seriously no bueno. I excuse myself to the bathroom and drain the vein. The asparagus funny smelling pee and the side effects of beer and brussels sprouts is a noxious combination that a defense contractor should weaponize it. It's pretty bad and not even cuban tobbaco can mask the smell.
I sit back down and continue to talk about guns and stuff with bart and the gang and bart asks who ruined the bathroom. I apologize as he sprays a bunch of febreze around and opens the balcony. I apolgize to brogel. He is not accepting my apology. (sorry :( )
Nearly 11, it's about time to pull chocks and mosey on down the dusty trail. I don't want to prompt an evacuation of the hotel due to noxious odors so I decide to leave and bart seems to be kinda mad that I've ripped ass and polluted the sanctuary of his hotel. Half a coors light and brussels sprouts are no bueno in my book now. Bart decides to party hard with his wife and I offer brogel a ride home. He seems skeptical to share a confined space with me after I have just destroyed bart's hotel room. The car has 4 windows and the Uber will cost him a few bucks he can put towards ammo. He relents as we head down to the garage to find my car. Thankfully we find it quickly and I manage to contain the weapons of ass destruction for the 16 minute ride off strip to casa de brogel.
He says I'm not that bad a dude and I agree as I hightail it to my hotel. I cannot find my hotel reservations so I call my travel agent to see.
Apparently the Wynn was not in my travel budget this year. I have come to find out I have been booked at Circus Circus, much to my chagrin. How bad could it be? I've stayed at the Wynn. I've stayed at Encore. I've stayed at the hotel that Elisabeth Shue's character got raped in in Leaving Las Vegas - but Circus Circus? Did I mention that I HATE CLOWNS? I HATE CLOWNS. Fuck.
I pull into the parking garage and the check in line resembles something straight out of the TSA line at Mccarran. 45 minutes to check in. The clerk is friendly and says he's also from Louisiana which is neat. He asks if I've stayed there before and I, being a connoisseur of old vegas history I decide to make a joke and I tell him the last time I was there, Jay Sarno owned the place. He got a laugh. I head up to my room and unpack. The lobby is clean as an old vegas casino can be, the room is clean and there's no way to plug anything in since the hotel predates personal electronic devices. I plug my phone into my external battery and collapse on the bed. I message Bart and chugbleach instead of falling asleep about show tomorrow and I offer to pick bart up early since there is no shuttle from the cosmo.
Tuesday, November 16th SHOT Show Day One
I awoke several hours later in a daze......the clock said 10AM. The show opened at 8:30. Fuck me to tears. I hurry up and get dressed and down to the sands convention center. The parking lot is FULL. The entire complex is a mess. When my man Steve Wynn built his joint he didn't build enough parking. So people would park at the Venetian and now FUCKING NOBODY CAN GET A PARKING SPACE. Holy shit. I eventually say fuck it and park over at the Wynn and walk over to the Sands. I meet up with a few of my regular suppliers and I see nothing interesting at all. Bart went to bed at 6AM after spending all night partying with his wife over at the palazzo. I joke and say that he just should have stayed there. Bart is amazed at the size of the show and we have lunch at the most disgusting place in las vegas - the convention center bistro snack bar. Bart is a wise man as he grabs a powerade and a fruit cup. I decide to try an "italian beef" and a fruit cup instead of fries to stay semi health conscious. The "italian beef" is the most disgusting thing I have ever eaten. It is flat out depressing. They give me fries with it and I demand a fruit cup. The sassy black woman working the stand asks me "DID YOU ASK FOR FRUIT? CAUSE RIGHT HERE SAYS FRIES" and I channel my inner Louis CK from the "this is how I talk" bit from SNL as I shoot back "WHY YOU FRONTIN ON ME I ASKED FOR FRUIT AND YOUR ASS BETTER BACK UP AND GET ME SOME FRUIT" so she goes back and gets me some fruit.
The "italian beef", my fruit cup, bart's fruit cup and powerade comes to $81. My platinum amex comes out and I treat bart to "lunch". We bullshit about guns and stuff in the Springfield booth as we wait at the world's worst concession stand. We eat and Bart is so hungover that he thinks he is in need of physical therapy and a wheelchair. There is no way he is going to party tonight before his trip home. Or so I think. Haha.
I meander around the show a bit more and I find this, the most USELESS PRODUCT OF 2017. It's made by a company called radetec.
http://imgur.com/a/GOiCB
It's a shot counter. For your gun.
A digital odometer, for your gun.
The only person that would buy this is the guy like my dad that kept a spiral bound notebook in his car where he documented how many miles he traveled per tank, gallons dispensed, PRICE, service station and whether they had a different price for cash/charge, oil consumption, tire rotations, alignments, all services - scheduled or otherwise, and a running odometer. Does anyone know the gun owner who asks for a round count when they are looking at a used gun? The question I always shoot back is "do you want to be lied at a little or do you want to be lied at a lot?" because that's what you're asking for when you ask for round count.
UNLESS YOU BUY THIS PRODUCT!
I roll my eyes so far back into my head that I nearly lose my balance. This is idiotic. I cannot fathom anyone willing to buy this. What a waste of perfectly good exhibition space.
Bart heads back to his hotel after visiting SHOT show for a few hours, not getting any swag and to get an IV of fluids since he looked like he was rapidly approaching grim death.
I wrap up visiting prime vendors and checking out the new products, or lack thereof because I have something on the schedule. At 4:30 there's a suicide prevention for retailers seminar hosted by the American Foundation for Suicide Prevention. As many of you know this is an issue that is important to me and perhaps we as retailers should be doing more. The keynote was from their chief medical director talking about the accessibility of firearms and the mindset of the "typical" suicide. Mostly men. If you are a veteran you are at a significantly larger risk. The information was presented very not surprisingly and one of the things discussed was that we only spend around 21M a year on suicide prevention.
A few take away facts from the keynote:
When suicide barriers are put up on a bridge, suicide rates for the entire area drop. The key to preventing suicide is getting people to talk about their problems. Once you can get someone out of that mindset, they are statistically less likely to do it and live productive lives afterwards. There are certain terms that they are trying to get away from - for instance, they are not saying "committed suicide" they are now saying "died by suicide" in order to bring awareness and tell it like it is.
One thing that really was interesting to me was my reading on the flight in from Dallas. In The Tipping Point, Gladwell discusses how things stay the same and suddenly they all change. One of the things that he discusses is in micronesia - where teen suicide was practically unheard of became an outright epidemic. One teenager did it, for reasons passing understanding to me as an outsider and then all the other kids realized that they too could escape their pain by hanging themselves as well and suddenly the suicide rates in micronesia became so high to where it became a public health issue. I wish I could show you all the article I wrote on TTAG about my friend's death but it has been lost in the cloud and I am unable to find the last draft I sent to print, but it echoes some of the problems we have with suicide and mental health in the firearm industry.
After the keynote, the good doctor opened the floor up for questions. Her keynote posed a lot of statistics but not a lot of answers. I am a detail oriented granular data guy and I did not get a solid grasp of the AFSP solutions posed, if any.
Several firearm dealers discussed the lack of a cohesive solution and the takeaway was they're trying to develop awareness for the suicide problem. Their goal is to lower suicide rates but how they get there is yet to be determined. I didn't like hearing that and the comments from the crowd reflected the lack of a "here's what you can do TODAY to help this problem" part of the initiative.
Going around the room, one dealer who used NICS said that if a customer was just flat out acting funny - he'd lie to the customer and say there was a delay with NICS even though there was an approval just to get them to not be able to have a gun for a few days. The crowd applauded this initiative, however I'm not sure lying to customers is the best way to run a business and treat them with respect. Another dealer brought up an interesting point. When someone comes in looking to buy a gun and they don't know what kind of gun they want, what caliber, and are generally clueless - they're either buying a gun to kill themselves with, OR perhaps they are a very uneducated prospective customer - and there is no clear way of finding out which is which.
The problems presented by the AFSP are real. The solutions aren't there though. Yet. Ideally I'd like to see some change to that. However, there's some problems.
I hung around and asked the good doctor and her staff some questions and I am in no way denigrating her life's work and her dedication to preventing suicide since she has dedicated her life's work to the issue, but the conversation went something like this.
Did you do any research on the accessibility of firearms from a retailer from the legal standpoint?
"No, we haven't"
Do you know how the NICS or state POC background systems work in regard to mental health holds, etc?
"No"
One of the problems that I foresee right off the bat is that you talked about how you are fighting time, and if you can get someone out of that suicide mindset - even for a few hours, you can get them into that higher survival bracket. If we apply a one size fits all solution to it like California and put a 10 day wait on everything with the goal of protecting someone from their own life, how do we balance that with the needs of the woman who has been hiding from her abusive spouse and needs a gun right away?
"That's a good question that I don't have an answer for."
Their initiative, I admire - the lack of solutions is a little off putting however. I tell the doc about how my friend's suicide has impacted me and she seems to be sympathetic to the situation as does her colleagues. I am given her cards and told to call the next time I'm in New York so we can get together and discuss things within the industry. I'll give them a buzz in a few weeks when I'm up there on business. On my way out of the hall, I run into Massad Ayoob. Nice guy. I've admired his work over the years. Bart invites myself and chugbleach to dinner, I can't reach Chug and even though I am beat I decide to hang out with Bart and Mrs Bart
Bart: What do you want to eat?
FC: Let's find a nice seafood restaurant and eat some red salmon, I feel a powerful lust for red salmon.
I begin vomiting.
God damn mescaline. Why the fuck can't they make it a little less pure?
We eventually head downstairs and order too much food. We are tired and not very hungry. Bart is still hungover and barely able to process food. His wife is grazing on all sorts of meat products. I am in awe of how they are both still upright after six nonstop nights of partying. I've only been here one day and I feel like I am about to die.
Dinner concludes with an awkward hug with bart's wife - I don't know how other men feel about wife hugs so I have just avoided the prospect entirely. Like flying through Denver on Frontier. Or flying on Frontier. Ever.
I drive over to the Wynn to set up my markers and the poker room is full. I draw a $2500 marker at the craps table and watch the game a bit. I have never played craps before in my life but the three people there seem to be having fun.
I look down at my phone and I realize a plane has landed. fluffy_butternut has landed in Las Vegas on business. I had lost a bet and offered to pick him up from the airport. I cash back in my chips against my casino credit and head back to my car. I cannot find my car. Fuck. I wander the wynn garage which is covered in construction debris. I eventually find it and haul ass to the airport. Now, I didn't know this but fluffy has the WORST SENSE OF DIRECTION AT ALL. Seriously. I have no idea how he even made it to the correct city. He lands and has to get his bag and stuff and I circle the airport. He lets me know he's at door 77 wherever the fuck that was. I drive into the pickup portion and I see no sign. He then says he's coming up a level, and I tell him that I'll be there shortly. I park the car and Metro PD starts yelling.
Metro: You can't park your car here.
FC: Why not? Is this not a reasonable place to park?
Metro: Reasonable? You're on a sidewalk! This is the sidewalk!
I give the man a $20 and tell him to keep it running as I wander Mccarran screaming FLUFFY! HERE FLUFFY! I message fluffy to let him know I am the car parked on the sidewalk. I instantly figure out who he is having never seen a photo of him and I throw his bags into the car as we head for his hotel. I haul ass out of the airport and get the A3 on the highway.
Now this was a superior machine. Thirty nine grand worth of gimmicks and high-priced special effects. The rear windows lit up with a touch like frogs in a dynamite pond. The dashboard was full of esoteric lights and dials and meters that I would never understand.
We check in at the Rio where the desk clerk is friendly and flirty. I express amazement there is no line. Fluffy checks in and we take his bags upstairs and he offers to buy me food for driving him to the airport. I decline. We head to the bar anyways. He orders two beers and we decide to call chug. He's staying out in Summerlin or something because his company is apparently run by cheapskates. He asks if we want to hang out and shoot the shit. I say sure and ask if he wants us to pick up food or anything from CVS or something since I have the car and I'm able to do anything I want. He asks for some toothpaste. No problem. I may be an asshole on the internet but I have a heart of gold. We get some toothpaste get to the hotel.
Arriving at the lobby, we have no idea where he is. It turns out he gave us the address for the hotel across the street. We laugh and go to that lobby and shoot the shit till 3AM much to the chagrin of the hotel clerk. Fluffy has some beers and we plan on dinner the next day. I drive fluffy back and arrive at the hotel at 4. Fuck me to tears.
Wednesday, January 18th. Day 2 of SHOT show.
Alarm goes off at 7:30 AM. I wash up, eat and get breakfast. In the garage by 8:15. Nice. I get some dillo dust and check out the new Sig 220 DA/SA and SAO legions. Daddy likey. I go to a competing firm and I piss of my state sales manager by telling him his newer designed triggers suck ass. He says the company tested them and they're the same in every way. I ask him why the triggers have two different part numbers in the catalog and how come they're not interchangeable and if that's really the case, how come there's X changes in the supposedly identical pistol parts that he's holding side by side. He gets mad at me and says I'm not an expert on their product and perhaps I should take his job since I'm so smart. I agree that I'm smart and I hold firm that if he didn't want me to complain about the shitty trigger, they should stop selling guns with shitty triggers. I am nearly kicked out of the booth.
I meet up with some of my wholesale reps and I'm mid convo when I see Itsgoodsoup and his friend walking around the show. I yell SOUP but he does not hear me. So I grab his friend and find him and I tell him we should get together at dinner with fluffy and chug. He agrees.
The show winds down, I get some business done and nothing much else. We break for a shitty gunnit live lite and I take a few questions from the crowd in fluffy's suite at the Rio. Dinner is at 8 and we arrive at the restaurant late to find soup and his friend sitting at one table and chug and his girlfriend sitting at another. Perhaps we should have gotten here a little earlier. Hahaha. So, fluffy said the place is really good and I order a few of the specialties of the house. Apparently according to yelp they do a kickass peking duck. Soon to be mrs chug is a vegan. But we can eat meat in front of her. I wonder how it's served and Soup's vancouver raised asian friend tells me that they normally carve it tableside. Our vegan says as long as there's no head she's cool. We're not sure if they can fulfill that request. So we order and food starts coming out and we tell tall tales of shot show BS and other stuff. Sure enough, the duck comes out with the head. No bueno. Haha. But I decide to treat us to vegan donuts at the vegan bakery across the street later. Seven courses later we are full. Vegan bakery closed. I am committed to getting her some vegan donuts though. We head to Fremont street to gamble. Fluffy wanders about and we try craps and we're not impressed. We hit some slots and eventually I hit the craps table where chug explains the game to me. We start betting on dice. And somehow we start winning. I find that the house allows you to take 10X behind the line. No idea what this means so I plop $5 on the pass line and the point hits 6. I drop $50 behind it and it hits. We go a few rounds and leave ahead. It's 2:30 AM. Fuck. I drive everyone back to their hotel. I get to sleep around 4.
Thursday, January 19th. Day 3 of SHOT show.
Wake up at 10AM feeling like crap. Debate whether to head straight to show and wander about. Fuck it. Went to halal guys for some halal. Delicious. Got vegan donuts. Dead drop them at the Palazzo lobby for chug and his girl. Show is a bust. Literally nothing exciting. Fluffy offers to buy me dinner. One of my customers who lives in Summerlin offers to take me to dinner. I pass on fluffy and he destroys the seafood buffet at the rio. I head to Sinatra at the Wynn for dinner with my customer. All good in the hood. Chug has been invited to the Glock dinneafter party and I'm not so we all go our separate ways. I call foghorn5950 and due to some weather, he's flying home early and our plans to hangout are fucked up unless I go tonight. I grab fluffy and we head to Whiskey Down. He orders a makers and I give him a funny look. I tell the waitress make it a bulleit. Everyone laughs. I talk shop with Jeremy also from TTAG and we shoot the shit over cigars and talk about useless products. Next thing we know, chug is out of the dinner and wandering the strip. We decide to meet up at the Linq. It takes us nearly 30 minutes to get out of Whiskey Down at MGM because the waitress was awful and messed up everyone's tab. It was a fucking disaster. To boot, MGM is now charging for parking.
FC: What a bunch of fucking jews
Fluff: You should just tailgate that lady in front of you out and screw them out of the $7
FC: I should
We pull behind her and watch as she gets flustered at the awful parking machine. Her nevada license plate says VETERAN. As the gate goes up we haul ass and screw MGM out of $7. I shout "THANK YOU FOR YOUR SERVICE" out the window as we blow right by her up to the Linq. Through fluffy's awful navigation, we wind up at the loading dock for the Linq. Eventually we find chug and gf hanging at the penny slots. They are holding vegan donuts, which she is very appreciative of. Least I could do after showing her the head. Fluffy plays the House of Cards slot machine.
He stuck $100 in, played for 6 minutes and then got really mad and hit the cash out button and $80 was left after 5 minutes.
ITS EXACTLY LIKE THE FEDERAL GOVERNMENT!
Chug's gf asks to play a special slot machine called kitty glitter. We ask and the linq does not offer it but Harrahs next door does. So we head over there and the slot tech finds the kitty glitter machine. Fluffy sticks a C note in there and tells her to play and have a blast. So she's banging away at the one armed bandit WHEN SUDDENLY I HEAR THE SOUND.
It's PUTTIN ON THE RITZ in shitty .wav file internal speaker format. Hahah. She's just hit the progressive jackpot on the penny KITTY GLITTER machine. THIS PLACE IS AWESOME! We cash out after some play and a good time was had by all. I dump off fluffy at the rio since it was very close and drive everyone else back. It's late, I'm tired and the Palace Station oyster bar is open 24 hours......I head over there and there's a 45 minute wait.
So, I pull out my backup bankroll and using everything chug and fluffy have taught me about craps I belly up to the $3 min table where they let you take 10x behind the line. I'm still learning and the table is slow so one of the boxmen start explaining the game to me.
Box: So if you place the 6 or the 9 or individual numbers you can bet those but you gotta pay a little juice on it like a commission
Me: Like when you buy the hook?
short pause
Box: Yeah! Exactly like that! You got this!
So I played a little and went up a bit and down a bit. As you do. Plunked $5 down on the pass line and took full odds and the point hit. This game is pretty cool! So I hung around and watched for about an hour and finally decided to eat my winnings. I take $5 off my stack and, drop it on the pass line and announce dealer bet - $5 to pass. It hits. The dealers love me.
Maybe Vegas isn't so bad after all.
http://imgur.com/a/LGhDj
I have the pan roast at the oyster bar. No line. It is DELICIOUS. I get back to the hotel at 5AM. I don't care when I wake up.
Friday, January 20th. Day 4 of SHOT show.
Wake up around noon feeling like crap. Go to show. Debate destroying milk cart with wheels with an ax borrowed from fire station. Decide against it. Gas up car and find myself out by palace station again. Played some craps, hit the buffet and went for an early sleep.
It's midnight. The neighbors in my the hotel are having sex. A LOT OF SEX. I can hear everything. I gently knock on the door. No answer. I knock slightly harder. No answer. I head back to my room and close the door just as I hear their door open. I zoom back out to find a puzzled middle aged stocky and perhaps sticky Latino man looking both ways.
I get in his line of sight.
Me: Hey. I'm next door. It sounds like you're having a lot of fun. I get it. I really do. In fact I haven't had sex since the bush administration so I'm gunning for you man I really am. But it's midnight and I have a 6am flight and a rental car to return. So trust me when I say I'm really happy for you but if you don't mind I really need to get some sleep tonight okay?
The awkward silence is deafening. He nods without saying a word and mouths okay. I give him a manly nod and thumbs up.
Me: thanks. I'd shake your hand or fist bump but well you know.....
I give him a peace sign as he goes back into his little pleasure palace and I turn to realize that I have just locked myself out of my room. I am wearing boxers, a tshirt and barefoot. I head downstairs to the lobby. The check in at the front desk resembles the TSA line at Mccarran. Normally I would not be this rude but desperate times call for desperate measures.
The line is 50 people deep. I walk past every person. Fuck your queue. I approach the desk where someone is helping a guest and I raise my right hand as if I were in a deposition to get them to stop. The staff and guest looks puzzled as the angry barefoot man clad in nothing but boxers and a "uzi does it" tshirt approaches the desk.
Me: excuse me. I don't mean to interrupt. I have an emergency. I'm up on 8 and my neighbors are having a lot of sex. I mean a LOT of sex.
(This is the same front desk clerk who actually checked me in Monday night by coincidence looks back at me very awkwardly and puzzled.)
Me: this isn't your regular sex. I'm talking this is your (I begin air humping the front desk and slapping the granite counter with my palm and grunting loudly) sex. You could hear the plan B packaging open.
At this point - the ENTIRE FRONT DESK STAFF HAS STOPPED CHECKING IN GUESTS. The people in line and are watching the show. The clerk is stunned. Speechless. Shock and awed. Crapped out and busted. The women are covering their children's eyes and ears. The men are wondering if this show requires a 2 drink minimum.
Me: now I get this is Vegas. Everyone wants a good time. It's midnight. My flight leaves at 6 which means I have to be up by 4. And this just isn't working. So I asked them to keep it down and I locked myself out of my room. So if you can make me another key or move me I'd appreciate it.
The clerk nods.
Clerk: of course. may I see your ID?
Years of ballet have prepared me for this day. I step back to make sure my genitals are still ensconced in my boxers as I pirouette and gesticulate wildly.
Me: DO I LOOK LIKE I HAVE ID?
The floor manager steps over and asks me to head down to the end of the desk where she will make me a key. I give her the room number and thank her after she offers to have security sent up to shutdown the best little whorehouse in Vegas. I tell her it may not be necessary. As I take my keys and walk away the people in line break out in raucous applause.
I take a bow and miraculously my boxer shorts don't rip. These people are my subjects and I have been crowned the the king of the three ring circus that is the circus circus lobby. Im offered a $1 tip from a kind soul but I decline.
My walk back to the hotel elevator bank is uneventful. So much so that I realize it is going too well. The other shoe, if I were wearing one felt as if it was about to drop. Suddenly a dumbass in a rascal scooter is heading toward me at flank speed as his head is turned to look at everyone BEHIND HIM. There's no way this will end well.
For you gentle readers joining us mid conversation - it's midnight and I need to be at the airport in 4.5 hours. I can just see it now. (Cue the harp noises)
Scene: Emergency room
Nurse: Allergic to anything? Me: NKDA Nurse: cause of injury? Me: what's the IC10 code for "run down by drunken buffoon on motorized wheelchair?"
I saw my life and confirmed upgraded first class seats home being given away by the Mccarran gate agent flash before my eyes and my catlike reflexes kicked in and I jumped to my left into the wall, mid 1960's Las Vegas union construction being the path of least resistance. Think "The Bodyguard" with Kevin Costner.
The buffoon barely realizes what happens. Children are amazed. "HEY MOM! Look! That guy just ran into a wall!"
Me: it was that OR GET RUN DOWN BY SOME JACKASS ON A GODDAMN SCOOTER GOING FULL SPEED DRIVING LIKE A....
I look down and a midwestern nuclear family with two children of formative age are waiting for the elevator. I change my last word.
Me: LUNATIC!
I look over to the parents.
Me: I'm really sorry. This is a family joint and I shouldn't have cursed the drunken scooter driver like that. Sorry kids.
Parent: no big deal. They've heard fucking worse.
I crack a smile at her word choice. Fucking worse. Yeah. That sounds like my evening.
After jumping into a wall, I'm now wide awake and unable to go back to sleep. I make the plane and push on time. The 737 comes to a stop short of the runway and holds. Something is wrong. The pilots come on and say that they loaded more cargo and passengers than planned so they have to redo their numbers. We're waiting on the taxiway with both engines running as they do this and the waiting music comes on. What's the first song?
Whitney Houston - "I Will Always Love You"
submitted by FirearmConcierge to guns [link] [comments]

Free Shuttles and Trams in Las Vegas

Las Vegas Travel Wizards complete list of Free Shuttles and Trams in Las Vegas
@LVTWs and LVTWs.com
Excalibur - Luxor - Mandalay Bay Tram Service -
A free tram runs between the Excalibur, the Luxor and Mandalay Bay hotels. The southbound tram runs only from the Excalibur to Mandalay Bay, but the northbound tram starts at Mandalay Bay, stops at Luxor and ends at the Excalibur.
ARIA Express Tram - Monte Carlo - CityCenter - Bellagio -
Free Tram Service The ARIA Express tram is a three stations free tram with stops at Monte Carlo, Crystals retail and entertainment district (closest to ARIA) and Bellagio/Vdara Hotel & Spa.
Mirage - Treasure Island Tram Service -
The Free Tram service between the Mirage and Treasure Island Hotel.
​RIO LAS VEGAS - SHUTTLE TO THE STRIP -
The Rio and it's sister properties, Bally's/Paris and Harrah's Las Vegas on the Strip, offer a complimentary shuttle to and from the Rio. Please note: the shuttle only runs from the Rio to Bally's/Paris or Harrah's Las Vegas, not from Bally's/Paris to Harrah's Las Vegas or vice versa. The shuttle runs daily from 10:00am to 1:00am. Pick-up times are approximately every 30 minutes from each location, depending on traffic conditions.
Pick-Up Locations: Rio: Carnival World Buffet entrance Bally's: Race and Sports Book entrance (side of Flamingo Rd) Harrah's Las Vegas: Shuttle/Bus/Trolley drop off.
Source: https://totalrewards.custhelp.com/app/answers/detail/a_id/131/~/rio-las-vegas---shuttle-to-the-strip
THE ORLEANS - SHUTTLE TO THE STRIP -
The Orleans offers shuttle service to its sister property, the Gold Coast Hotel & Casino, as well as the Las Vegas strip. The shuttle operates 7 days a week from 9:00am to 12:30am and picks up guests approximately every 30 - 45 minutes from the hotel's Tropicana Avenue entrance. The shuttle drops off at The High Roller at The Linq. The last shuttle will leave the strip at 12:30am. Hotel guests will receive priority seating on all shuttles.
Source: http://www.orleanscasino.com/stay/shuttle-service
SAM'S TOWN, FREMONT STREET, AND HARRAH'S SHUTTLE
Sam's Town Hotel & Gambling Hall offers shuttle service to its sister properties, Fremont Hotel & Casino and California Hotel & Casino, as well as the Las Vegas strip. The shuttle operates seven days a week starting at 9:00am and hotel guests will receive priority seating on all shuttles.
Source: ​http://www.samstownlv.com/stay/shuttle-service
submitted by LVtravelwizards to vegas [link] [comments]

Visiting 28th-1st... Are we doing it right? Can you help us do it better!?

My lovely girlfriend and I will be visiting May 28th through the 1st. Below are some ideas we got from this subreddit (THANK YOU!!) I think we got a lot covered but I'm sure there's even more. Any suggestions would be totally appreciated! But first.. a bit of info about us. Its going to be random.. Sorry.. But thanks all at the same time:
We are in our early 20s (old enough to drink). We like to drink. We are Ent friendly. We like to eat (DUH). Not really interested in going to 'clubs'. Free is always good. Cheap is nice too but that doesn't mean we wont indulge in some fine dining or a nice show (We already have tickets to BMG and Vegas The Show). Walking isn't a problem (We will get a bus/Monorailpass). The lady will probably wanna 'shop'. Not really my thing. That is all I can think of right now.
Ok so here's our list:
Free:
Not Free:
Food:
submitted by faqall to vegas [link] [comments]

My suggestions for a fun/cheaper Vegas trip

I got back from Vegas a few days ago and it was great. I like to save money so I thought I would share a few tips and tricks to save money and still have a blast.
Sightseeing
I would definitely spend a few hours just walking around to all the casinos on the strip. The best part about this is if you sign up for the Player's Club (free) in each casino, they will usually give you some sort of incentive. Treasure Island gave me $10 in slot play. Whatever you win off that $10, you get to keep. Most other casinos have a similar incentive.
Shows
If you want to see a show, then check out Tix4Tonight. They are all over the strip. They sell discount tickets for shows that are showing that night. Usually they are the cheapest, but I bought tickets to Cirque du Soleil and when I went to pick up the tickets at Treasure Island, I found out their last minute tickets were cheaper. Definitely check first.
During my stay, I found out there are also a bunch of smaller, less known shows. These tickets are significantly cheaper and sometimes free. Nathan Burton's comedy magic is a free show at the Flamingo. Be sure to pick up tickets in advance as they sell out fast. Be on the lookout for these shows in coupon books (which you can find everywhere).
Free Drinks!
If you like to drink and you like gambling, then you're in luck! Sitting at the penny slots, I had free cocktails constantly served to me. Just remember to tip your waitresses! $1 seemed to do the trick.
If you are at a table game such as Craps or Blackjack, then expect tons of drinks to be thrown at you. The casino wants to get intoxicated so you are a little looser with your money. As long as you moderate your drinking, you can keep a nice buzz and not lose too much money.
Gambling
If you are staying on the Strip then you will quickly come to realize that table games are expensive. Most minimums on table games are $5 and $10 at Caesars Palace and the Bellagio. There is one casino on the Strip, however that is a little cheaper. Casino Royal, which is across the street from The Mirage and next to Harrah's, has $3 Craps and $4 Roulette.
If you really don't want to spend that much money (like me) then I suggest you take a little trip downtown. Go to any northbound bus stop and buy a $7 24 hour pass. Hop on the bus and get off on Fremont Street. If you want to play some Roulette, then go to the El Cortez casino where they have $1 minimum and $.25 chips. Want to play Craps? Go the Western which is a little further down the street from El Cortez. They have $1 Craps.
Food
If you are staying on the Strip then I suggest dinner at Ellis Island Casino at least a few times. It is just off the strip here. Ask for the Steak Special and you will get this for $7.99. Yes, that is right, you get a soup or salad, steak, green beans, potatoes and a beer, all for $7.99.
Harrah's has a "Million Dollar Pull" where you just go up and play a slot machine for free with the chance to win $1 million. Even if you don't win a million, you will always win something. One of the prizes they have is a $20 dining voucher for any Harrah's property, which includes: Caesar's, Imperial Palace, Rio, Harrah's etc... The dinner buffet at Harrah's is $20, so there is a free meal!
When you are downtown playing some cheap table games, make sure you grab dinner at Binion's. Just sign up for their player's club and they will give you a buy one get one free entree coupon for their cafe. My girlfriend and I ate a full meal for a total of $10 there, delicious.
I know there is a ton I am leaving out, so please add any tips!
submitted by Drama__Llama to vegas [link] [comments]

Veterans of reddit, are you appreciative of the giveaways on Veteran's Day or do you think there should be more? (explained inside)

First off, Happy Veteran's Day (a day late). I live in Las Vegas. Several of the casinos and resorts have giveaways for veterans on or around Veteran's Day. Yesterday I posted on Facebook, thanking Caesar's Entertainment for the free Buffet of Buffets pass they provide vets. This gives you access to several buffets for 24 hours. It normally costs $49.99.
Caesars Palace: Bacchanal® Buffet; Flamingo: Paradise Garden Buffet; Harrah's Las Vegas: Flavors, The Buffet; Paris: Le Village Buffet; Planet Hollywood: Spice Market Buffet®; Rio: Carnival World Buffet® and Village Seafood Buffet.
**Upgrade your pass to include the new Bacchanal Buffet at Caesars Palace for as low as $15 per visit or the Village Seafood Buffet at the Rio for $10 per visit. Please see your cashier for details when purchasing your Buffet of Buffets Pass.
As you can see there is a small upcharge for their premium buffets. They are normally priced at $40-$50 and the food is amazing. Shortly after I posted my thanks, a woman responded complaining about the small charge at Bacchanal, and about Caesar's Entertainment in general. She called it a slap in the face.
I had dinner at The Seafood Buffet last night with an Army buddy of mine and we feasted on lobster, prime rib, prawns, and sashimi. The small upcharge was definitely worth it. I couldn't have been happier. But when I saw the woman's reply to my post I thought she was being an ungrateful ass. Am I wrong? What are your thoughts? Do you appreciate any recognition of our service no matter how small? Do you think we are owed more? Or do you fall somewhere in the middle? I'm curious.
Edit 1: Fixed formatting
submitted by BriSci to Veterans [link] [comments]

casino rio las vegas buffet video

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