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

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

It’s Thuursdaaayy! ...and itsss Cooooolin! What all did everyone get up to today!? Let me knooww, down belooww!!
Here’s the new cards for today!

Fantasy Hockey Event

For Skaters -
• + 1 to All Att. (0.5 for Speed and Accel.) for every goal scored in Reg. Season
• Syn Points doubled if player reaches 95 OVR
• Max UPGRADE - 99
• Reg. Season NHL counts

Players

Jacob Slavin - 85 OVR - CAR / LD - (1) BAL , SH
Brent Burns - 84 OVR - SJS / RD - (1) H and S , SH
Neal Pionk - *84 OVR - WPJ / C - (1) DIS , WH
Charlie Coyle - 82 OVR - BOS / C - (1) BAR , LTL
Filip Hronek - 82 OVR - DET / RD - (1) BAR , WH
Rickard Rakell - 82 OVR - ANA / LW - (1) SPA , GLA
Jake Allen - 81 OVR - MTL / G - 6’2” / 203 lbs - (1) SPA , BAL
Jeff Carter - 81 OVR - LAK / C - (1) SWA , HOW
Clayton Keller - 81 OVR - COY / C - (1) SWA , SH
Wayne Simmonds - 81 OVR - TOR / RW - (1) DIS , PP
Sam Bennett - 79 OVR - CGY / C - (1) H and S , WM
Jack Eichel - 74 OVR - BUF / C - (1) BAL , MAG
.... no Ottawa? :(

Primetimes

NHL

Patrice Bergeron - 88 OVR - BOS / C - (1) T ... 98 FOs with Thief active, woah
Oliver Bjorkstrand - 87 OVR - CBJ / RW - (1) PP ... *
Nate Schmidt - 84 OVR - VAN / LD - (1) SH ... *
Noel Acciari - 83 OVR - FLA / C - (1) WM ... *
Chris Tierney - 82 OVR - OTT / C - (1) GLA ... *
Brian Dumolin - 80 OVR - PEN / LD - (1) H and S , HOW ... *
Justin Holl - 79 OVR - TOR / RD - (1) SWA , WH ... *
Eeli Tolivanen - 79 OVR - NAS / LW - (1) SPA , LTL ... *

Other Leagues

(I’ll post these later)
Carson Focht - 78 OVR - HIT / C - (1) BAR , SH ... *
Miro-Pekka Saarelainen - 78 OVR - PEL / C - (1) MAG , SPA ... *
Tyler Brennan - 77 OVR - COU / G - 6’3” / 181 lbs (1) DIS , BAL ... *
Miguel Tourigny - 77 OVR - ARM / RD - (1) SPE , SWA ... *
• • • • • • • • • • - - - - - - - - - • • • • • • • • • • • •

Packs Available

23H Remaining.
• Jumbo Elite Pack - 50k C / 1k P
20 items, with atleast 11 80+ OVR Players.
• NHL Players Packs - 30k C / 500 P
10 items, all Gold NHL Players with atleast 4 80+ OVR Players.
• Players Pack - 15k C / 300 P
10 items, all Players, at least 5 Gold Players and 1 80+ OVR Player.

P.S.

• New Season of RUSH!
• Squad Battles Rewards Today - 5pm EST
• Fantasy Hockey Event
• 1.8 M Reward RUSH - Icon Collect
• Does Sami Vatanen stay on the Devils?
• Cooolin’s Birthday
——————

What’s to Come?

• New Event - Tomorrowww at 5pm EST!
• 2nd Weeeeekenddd of 2021!
—————

Summary of the day

Quick Read
Best Forward of the Day - PT - is PAATRICEEE BEERGEREONN OVR 88 with the syn THIIEFF
Best Defence of the Day - PT - is NAATEEE SCHMIDTTT OVR 84 with the syn SHUUTT DOWNN
———- ———- Cooolin ——-

Important Notice

As you get older, you start to realize more and more its not what you look like or what you own... it’s really about what you’ve become.
You can’t help getting older — duh , duuh - but you don’t have to get old.
Just because you might be an adult, doesn’t mean you can’t have fun, and do something you wanted to do as a kid, that you’ve never done before.
Remember to just have fun! Go with the flow, and be yourself! I promise you, it will take you far.
——-

Interested in Stocks?

EA’s Stock Price, after hours - Jan. 7
$ 140.74 (usd) —- Currency Converter
we looked at the stock at $137.54 usd
—— That is a difference of ( $3.20 / 2.33% ) —
Daily EA Stock News
Disclaimer - I am not a financial advisor. It is your money, please do your own due diligence. I am not responsible for your money. This is *not** advice. I added this section for an added educational purposes only. Thanks*
—— —— —— —-

NEED A SOUNDTRACK TO LISTEN TO?

• I made this for everyone. I’ll update it whenever I feel like it, but its been often!

WE’RE ALMOST AT 1000 SONGS!
Comment songs to add, and please give feedback! It’s much appreciated!!
I currently have “Birthday” by “Selena Gomez” stuck in my head, hahaha... honestly, I don’t know about you... but I’m feelin 22
How do you guys like the playlist!? I have a friend who makes music, if you guys wanna check his music out, feel free, click Here!!
———-

Stream Hockey Games

If you click here you will be redirected to bilasport.
Bilasport is a streaming site for all your Sport needs! You can stream; NHL , NFL , NBA , MLB , Boxing / MMA , and NCAAF.
With the NHL season coming up, this is a great resource if you want to watch a game!
Bookmark it today!
I am not affiliated with Bilasport. This is just a recommendation for your entertainment needs.
——- —— —— —— —— —— —— —— —- —— —-

Fighting a Gambling Addiction?

Don’t feel scared to click here. Winning is SO much louder than losing. Know that you are NEVER alone. We are all here for eachother, and it is never too late to get help. I am here for you.
This is a VERY important thread, especially if you are new to HUT. Here!
——-
7 / 365
—— —— —— —- —- ——- —- —— ——
Thanks for reading.
I’m always welcome to feedback, please let me know what I can improve on.
If there’s anything missing, please let me know!
Take care, happy gaming! WOW! Today is my birthday. I don’t feel any older, lol .... also 6 DAYS TIL HOCKEY COMES! WHO IS EXCITEDD?
I am not affiliated with EA. Please don’t message me about your problems about the game, even though I find them rather entertaining. You still can, just I might not be able to help!!
• Coolin Killin It
(Life is like a puzzle, you just have to find the right piece.)

which casino does the most prop bets in las vegas for nfl

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

Shipping is going to be $5. Feel free to bundle games together for better prices. I am happy to provide any pictures if requested!
​

	B	C	D
**1**	product-name	console-name	Price
**2**	Pokemon Blue	GameBoy	25
**3**	Backyard Basketball	GameBoy Advance	5
**4**	Backyard Football	GameBoy Advance	5
**5**	Backyard Football 2006	GameBoy Advance	4
**6**	Backyard Hockey	GameBoy Advance	6
**7**	Donkey Kong Country	GameBoy Advance	14
**8**	Dragon Ball Z Supersonic Warriors	GameBoy Advance	11
**9**	Dragon Ball Z Taiketsu	GameBoy Advance	6
**10**	Fire Pro Wrestling 2	GameBoy Advance	25
**11**	Golden Nugget Casino	GameBoy Advance	3
**12**	Madden 2002	GameBoy Advance	4
**13**	Mario Golf Advance Tour	GameBoy Advance	20
**14**	Mario Kart Super Circuit	GameBoy Advance	13
**15**	Monster Trucks Quad Fury Double Pack	GameBoy Advance	4
**16**	Power Rangers SPD	GameBoy Advance	6
**17**	Road Rash Jailbreak	GameBoy Advance	8
**18**	Shrek Hassle in the Castle	GameBoy Advance	5
**19**	Soccer Mania	GameBoy Advance	4
**20**	SpongeBob SquarePants Revenge of the Flying Dutchman	GameBoy Advance	6
**21**	Super Monkey Ball Jr.	GameBoy Advance	6
**22**	Teen Titans	GameBoy Advance	10
**23**	Texas Hold Em Poker	GameBoy Advance	3
**24**	Tony Hawk 4	GameBoy Advance	6
**25**	WWE Road To WrestleMania X8	GameBoy Advance	8
**26**	WWF Road to Wrestlemania	GameBoy Advance	8
**27**	NBA Showtime	GameBoy Color	5
**28**	Scooby Doo Classic Creep Capers	GameBoy Color	7
**29**	Sesame Street Sports	GameBoy Color	6
**30**	Turok Rage Wars	GameBoy Color	8
**31**	Turok Rage Wars	GameBoy Color	8
**32**	WWF Betrayal	GameBoy Color	11
**33**	Backyard Baseball	Gamecube	13
**34**	Backyard Football	Gamecube	5
**35**	Freestyle Street Soccer	Gamecube	5
**36**	Harry Potter Prisoner of Azkaban	Gamecube	9
**37**	Harry Potter Quidditch World Cup	Gamecube	7
**38**	Lord of the Rings Return of the King	Gamecube	10
**39**	Mario Party 7	Gamecube	50
**40**	NHL 06	Gamecube	4
**41**	Outlaw Golf	Gamecube	5
**42**	Super Mario Sunshine	Gamecube	63
**43**	Super Monkey Ball Adventure	Gamecube	18
**44**	Swingerz Golf	Gamecube	5
**45**	WWE Crush Hour	Gamecube	8
**46**	WWE Wrestlemania X8	Gamecube	9
**47**	Arch Rivals	NES	8
**48**	Jeopardy 25th Anniversary	NES	5
**49**	Wheel of Fortune	NES	6
**50**	WWF Wrestlemania	NES	8
**51**	WWF Wrestlemania Steel Cage Challenge	NES	9
**52**	Mario Kart 7	Nintendo 3DS	13
**53**	Pokemon Rumble Blast	Nintendo 3DS	10
**54**	Super Mario 3D Land	Nintendo 3DS	11
**55**	FOX Sports College Hoops '99	Nintendo 64	6
**56**	Kobe Bryant in NBA Courtside	Nintendo 64	10
**57**	Madden Football 64	Nintendo 64	10
**58**	Mike Piazza's Strike Zone	Nintendo 64	7
**59**	NBA In the Zone '98	Nintendo 64	3
**60**	NBA Jam 2000	Nintendo 64	18
**61**	Pokemon Snap	Nintendo 64	24
**62**	Pokemon Stadium	Nintendo 64	21
**63**	Super Mario 64	Nintendo 64	40
**64**	Super Mario 64	Nintendo 64	40
**65**	Super Smash Bros.	Nintendo 64	38
**66**	Voice Recognition Unit	Nintendo 64	10
**67**	WCW Backstage Assault	Nintendo 64	10
**68**	WCW Mayhem	Nintendo 64	7
**69**	WCW vs NWO Revenge	Nintendo 64	10
**70**	Wipeout	Nintendo 64	7
**71**	WWF No Mercy	Nintendo 64	33
**72**	WWF Warzone	Nintendo 64	5
**73**	WWF Wrestlemania 2000	Nintendo 64	15
**74**	Backyard Sports: Sandlot Sluggers	Nintendo DS	5
**75**	Bakugan Battle Brawlers	Nintendo DS	4
**76**	Big Brain Academy	Nintendo DS	3
**77**	Cars	Nintendo DS	5
**78**	Chaotic: Shadow Warriors	Nintendo DS	4
**79**	Club Penguin Elite Penguin Force: Herbert's Revenge	Nintendo DS	4
**80**	DaGeDar	Nintendo DS	3
**81**	Deal or No Deal	Nintendo DS	3
**82**	Fab 5 Soccer	Nintendo DS	5
**83**	Johnny Test	Nintendo DS	9
**84**	Mario and Sonic Olympic Winter Games	Nintendo DS	6
**85**	Mario Hoops 3 on 3	Nintendo DS	10
**86**	Mario Party DS	Nintendo DS	12
**87**	Metroid Prime Hunters	Nintendo DS	8
**88**	Micro Machines V4	Nintendo DS	6
**89**	Monster Jam: Path of Destruction	Nintendo DS	6
**90**	New Super Mario Bros	Nintendo DS	12
**91**	Pokemon SoulSilver Version	Nintendo DS	87
**92**	Power Play Pool	Nintendo DS	4
**93**	Rubik's World	Nintendo DS	3
**94**	Sonic Classic Collection	Nintendo DS	12
**95**	Sonic Colors	Nintendo DS	11
**96**	Tecmo Bowl Kickoff	Nintendo DS	9
**97**	Yoshi's Island DS	Nintendo DS	13
**98**	102 Dalmatians Puppies to the Rescue	Playstation	12
**99**	ATV Quad Power Racing	Playstation	3
**100**	Crash Bash	Playstation	15
**101**	CTR Crash Team Racing	Playstation	17
**102**	Dragon Ball Z Ultimate Battle 22	Playstation	5
**103**	Dukes of Hazzard Racing for Home	Playstation	5
**104**	FIFA 2003	Playstation	5
**105**	Knockout Kings 2000	Playstation	4
**106**	MLB 2003	Playstation	4
**107**	Rocket Power Team Rocket Rescue	Playstation	4
**108**	Tekken 3	Playstation	17
**109**	Treasure Planet	Playstation	6
**110**	WWF Smackdown 2: Know Your Role	Playstation	10
**111**	All-Star Baseball 2005	Playstation 2	4
**112**	American Chopper 2 Full Throttle	Playstation 2	4
**113**	Are You Smarter Than A 5th Grader? Make the Grade	Playstation 2	3
**114**	Arena Football	Playstation 2	4
**115**	Backyard Baseball 09	Playstation 2	4
**116**	Backyard Baseball 2007	Playstation 2	4
**117**	Backyard Basketball	Playstation 2	5
**118**	Backyard Football	Playstation 2	5
**119**	Backyard Football 09	Playstation 2	4
**120**	Backyard Wrestling	Playstation 2	9
**121**	Ben 10 Protector of Earth	Playstation 2	5
**122**	Burnout Dominator	Playstation 2	6
**123**	Cabela's Outdoor Adventures	Playstation 2	4
**124**	Call of Duty Finest Hour	Playstation 2	5
**125**	College Hoops 2K7	Playstation 2	5
**126**	Crash Bandicoot The Wrath of Cortex	Playstation 2	12
**127**	Crash Twinsanity	Playstation 2	10
**128**	Duel Masters	Playstation 2	5
**129**	ESPN NBA 2K5	Playstation 2	3
**130**	ESPN NFL 2K5	Playstation 2	10
**131**	Fantastic 4	Playstation 2	4
**132**	FIFA 08	Playstation 2	5
**133**	FIFA 2004	Playstation 2	4
**134**	Gran Turismo 4	Playstation 2	6
**135**	Greg Hastings Tournament Paintball Maxed	Playstation 2	4
**136**	High Heat Baseball 2004	Playstation 2	4
**137**	High Rollers Casino	Playstation 2	3
**138**	Hot Shots Tennis	Playstation 2	4
**139**	Legends of Wrestling	Playstation 2	5
**140**	Lord of the Rings Third Age	Playstation 2	8
**141**	Lord of the Rings Two Towers	Playstation 2	5
**142**	Madden 2006	Playstation 2	3
**143**	Madden 2007	Playstation 2	3
**144**	Madden NFL 10	Playstation 2	6
**145**	Major League Baseball 2K5	Playstation 2	3
**146**	Major League Baseball 2K9	Playstation 2	3
**147**	Midnight Club 3 Dub Edition	Playstation 2	17
**148**	MLB 06 The Show	Playstation 2	4
**149**	MLB 08 The Show	Playstation 2	3
**150**	NASCAR Chase for the Cup 2005	Playstation 2	6
**151**	NASCAR Thunder 2003	Playstation 2	4
**152**	NBA 2K10	Playstation 2	6
**153**	NBA Live 2004	Playstation 2	3
**154**	NBA Live 2005	Playstation 2	4
**155**	NBA Live 2006	Playstation 2	4
**156**	NBA Live 2007	Playstation 2	3
**157**	NBA Shootout 2003	Playstation 2	4
**158**	NBA Street	Playstation 2	10
**159**	NBA Street [Greatest Hits]	Playstation 2	7
**160**	NBA Street Vol 3	Playstation 2	16
**161**	NCAA Basketball 09	Playstation 2	11
**162**	NCAA Football 2006	Playstation 2	9
**163**	NCAA March Madness 2004	Playstation 2	4
**164**	Need for Speed Most Wanted	Playstation 2	10
**165**	Need for Speed Underground	Playstation 2	9
**166**	Need for Speed Underground 2	Playstation 2	11
**167**	NFL Gameday 2003	Playstation 2	4
**168**	NHL Hitz Pro	Playstation 2	8
**169**	Pimp My Ride	Playstation 2	5
**170**	ProStroke Golf	Playstation 2	3
**171**	Road Trip	Playstation 2	12
**172**	SOCOM US Navy Seals	Playstation 2	4
**173**	SOCOM US Navy Seals [Greatest Hits]	Playstation 2	3
**174**	Spy Hunter Nowhere to Run	Playstation 2	5
**175**	Stacked With Daniel Negreanu	Playstation 2	3
**176**	Test Drive Unlimited	Playstation 2	7
**177**	Tiger Woods 2004	Playstation 2	4
**178**	Tiger Woods 2006	Playstation 2	2
**179**	Tiger Woods 2006	Playstation 2	3
**180**	TNA Impact	Playstation 2	5
**181**	Ultimate Board Game Collection	Playstation 2	3
**182**	World Championship Paintball	Playstation 2	5
**183**	World Series Of Poker 2008	Playstation 2	3
**184**	WWE Smackdown Shut Your Mouth	Playstation 2	13
**185**	WWE Smackdown vs. Raw 2006	Playstation 2	13
**186**	WWE Smackdown vs. Raw 2008	Playstation 2	8
**187**	WWE Smackdown vs. Raw 2009	Playstation 2	8
**188**	WWE Smackdown vs. Raw 2010	Playstation 2	8
**189**	WWF Smackdown Just Bring It	Playstation 2	8
**190**	2010 FIFA World Cup South Africa	Playstation 3	4
**191**	Batman: Arkham Asylum	Playstation 3	5
**192**	Batman: Arkham Asylum [Game of the Year]	Playstation 3	5
**193**	Batman: Arkham City	Playstation 3	5
**194**	Battlefield 3 Limited Edition	Playstation 3	3
**195**	Battlefield: Bad Company	Playstation 3	4
**196**	Blazing Angels Squadrons of WWII	Playstation 3	5
**197**	Call of Duty 3	Playstation 3	9
**198**	Dead Space 2 [Limited Edition]	Playstation 3	9
**199**	Elder Scrolls IV Oblivion Game of the Year [Greatest Hits]	Playstation 3	8
**200**	End War	Playstation 3	5
**201**	Fast and the Furious: Showdown	Playstation 3	10
**202**	FIFA Soccer 11	Playstation 3	4
**203**	FIFA Soccer 13	Playstation 3	5
**204**	FIFA Street	Playstation 3	7
**205**	Fight Night Round 4 [Greatest Hits]	Playstation 3	10
**206**	God of War Collection [Greatest Hits]	Playstation 3	9
**207**	Gran Turismo 5 [XL Edition]	Playstation 3	7
**208**	Grand Slam Tennis 2	Playstation 3	7
**209**	Infamous	Playstation 3	5
**210**	L.A. Noire	Playstation 3	5
**211**	Lord of the Rings Conquest	Playstation 3	9
**212**	Madden NFL 11	Playstation 3	4
**213**	Madden NFL 12	Playstation 3	4
**214**	Madden NFL 25	Playstation 3	5
**215**	MLB 10 The Show	Playstation 3	4
**216**	MLB 12: The Show	Playstation 3	4
**217**	NBA 2K11	Playstation 3	6
**218**	NCAA Football 14	Playstation 3	105
**219**	Need for Speed Most Wanted Limited Edition	Playstation 3	9
**220**	NHL 09	Playstation 3	4
**221**	Rainbow Six Vegas	Playstation 3	5
**222**	The Beatles: Rock Band	Playstation 3	6
**223**	Uncharted 2: Among Thieves	Playstation 3	4
**224**	Uncharted 3: Drake's Deception	Playstation 3	5
**225**	Uncharted Drake's Fortune [Greatest Hits]	Playstation 3	3
**226**	WWE '12	Playstation 3	7
**227**	WWE '13	Playstation 3	9
**228**	WWE 2K14	Playstation 3	13
**229**	WWE Smackdown vs. Raw 2011	Playstation 3	12
**230**	Arch Rivals	Sega Genesis	7
**231**	Arnold Palmer Tournament Golf	Sega Genesis	5
**232**	Batman Returns	Sega Genesis	10
**233**	Bulls vs Lakers and the NBA Playoffs	Sega Genesis	3
**234**	College Football USA 96	Sega Genesis	3
**235**	FIFA International Soccer	Sega Genesis	5
**236**	Madden 97	Sega Genesis	5
**237**	Madden NFL '94	Sega Genesis	6
**238**	NBA Live 96	Sega Genesis	5
**239**	NHL 95	Sega Genesis	6
**240**	NHLPA Hockey '93	Sega Genesis	6
**241**	RBI Baseball 94	Sega Genesis	7
**242**	Sonic the Hedgehog 2	Sega Genesis	5
**243**	Sports Talk Baseball	Sega Genesis	6
**244**	Sports Talk Football '93 Starring Joe Montana	Sega Genesis	4
**245**	Taz-Mania	Sega Genesis	8
**246**	WWF Raw	Sega Genesis	10
**247**	Illusion of Gaia	Super Nintendo	22
**248**	Madden 97	Super Nintendo	3
**249**	Mortal Kombat 3	Super Nintendo	14
**250**	NBA Live 95	Super Nintendo	5
**251**	NBA Live 96	Super Nintendo	5
**252**	Street Fighter II	Super Nintendo	12
**253**	Super Mario World	Super Nintendo	17
**254**	Teenage Mutant Ninja Turtles Tournament Fighters	Super Nintendo	22
**255**	WWF Wrestlemania Arcade Game	Super Nintendo	10
**256**	Zelda Link to the Past	Super Nintendo	24
**257**	Backyard Football '10	Wii	7
**258**	Big League Sports	Wii	6
**259**	Deca Sports	Wii	10
**260**	Donkey Kong Country Returns	Wii	19
**261**	Fortune Street	Wii	14
**262**	Kidz Sports Basketball	Wii	6
**263**	Mario & Sonic at the London 2012 Olympic Games	Wii	13
**264**	Mario Super Sluggers	Wii	14
**265**	MLB Power Pros	Wii	5
**266**	MLB Power Pros 2008	Wii	8
**267**	New Play Control: Donkey Kong Jungle Beat	Wii	16
**268**	Wii Play	Wii	7
**269**	Wii Sports	Wii	22
**270**	Wii Sports Resort	Wii	25
**271**	Cabela's Deer Hunt 2004	Xbox	3
**272**	Digimon World 4	Xbox	8
**273**	Dragon Ball Z Sagas	Xbox	6
**274**	FIFA Street	Xbox	6
**275**	Finding Nemo	Xbox	4
**276**	Lemony Snicket's A Series of Unfortunate Events	Xbox	3
**277**	Major League Baseball 2K5	Xbox	4
**278**	Midnight Club 2	Xbox	4
**279**	Monster Garage	Xbox	3
**280**	NBA Inside Drive 2003	Xbox	3
**281**	NBA Inside Drive 2004	Xbox	3
**282**	NBA Inside Drive 2004	Xbox	5
**283**	NBA Street Vol 2	Xbox	8
**284**	NCAA Football 2005	Xbox	3
**285**	NCAA Football 2007	Xbox	5
**286**	Outlaw Golf: 9 More Holes of X-Mas	Xbox	4
**287**	Outlaw Volleyball	Xbox	4
**288**	Project Gotham Racing	Xbox	4
**289**	Showdown Legends of Wrestling	Xbox	7
**290**	The Simpsons Road Rage	Xbox	7
**291**	Top Spin	Xbox	4
**292**	WWE Wrestlemania 21	Xbox	6
**293**	All Pro Football 2K8	Xbox 360	19
**294**	FIFA Soccer 09	Xbox 360	3
**295**	Forza Motorsport 2	Xbox 360	5
**296**	Halo 4	Xbox 360	5
**297**	Hulk Hogan's Main Event	Xbox 360	5
**298**	Just Dance 3	Xbox 360	6
**299**	Kinect Adventures	Xbox 360	3
**300**	Madden 2008	Xbox 360	4
**301**	Madden 2009	Xbox 360	3
**302**	Madden NFL 13	Xbox 360	3
**303**	Mass Effect	Xbox 360	5
**304**	Mass Effect 2	Xbox 360	5
**305**	NBA Ballers Chosen One	Xbox 360	6
**306**	NBA Live 09	Xbox 360	4
**307**	Need for Speed Prostreet	Xbox 360	8
**308**	NFL Head Coach 2009	Xbox 360	22
**309**	Project Gotham Racing 3 [Platinum Hits]	Xbox 360	7
**310**	Sonic the Hedgehog	Xbox 360	15
**311**	Tiger Woods PGA Tour 13	Xbox 360	10
**312**	UFC 2009 Undisputed	Xbox 360	4
**313**	WWE Legends of WrestleMania	Xbox 360	11
**314**	FIFA 18	Xbox One	5
**315**	Madden NFL 18	Xbox One	5
**316**	NBA 2K16	Xbox One	3
**317**	NBA 2K18	Xbox One	4