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  1. #1

    Default Article about GW on Yahoo Finance.

    Spotted this whilst going to the GW site to see if End Times : Khaine was up for pre-order.

    [url=https://uk.finance.yahoo.com/news/warren-buffett-small-cap-may-123204137.html]Worth a read[/url]

    Seems to speak highly of GW in it's current market position, but expresses concerns about management.
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  2. #2

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    seems like a very fair description of gw to the lay person ( non hobbyist ) sadly.

  3. #3

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    Clearly they're just Internet trolls hating on Games Workshop, right?

    Okay, with that handy bit of sarcasm out of the way (hey, I had to, with the way article commenters on this site are)...

    They're right. The management isn't really paying attention to the customers and what they want, which is causing a drop in sales volume, and the only way to try to keep revenues up is to keep increasing the prices... which in turn will just price out more of the customers. It's a band-aid on a serious issue that they're unwilling to address. Until they actually start losing money, they'll stubbornly cling to this stuff.

    From just looking at the finances, it's a troubling look. Prices are up, new edition of their flagship game, lots of new expensive releases... and yet revenues were down. Expenses were down, too, thanks to a lot of restructuring (though with a laughably expensive new website), but profits dropped sharply. Those are not good signs, and not a company I'd want to invest in.

  4. #4
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    My favorite excerpt:

    ' There is one Warren Buffet principle that leaves the investment thesis in Games Workshop crumbling... Buffett once said: "I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will" '

    It is telling that GW does not discuss sales volume in its annual report. What it tells me as an executive is that there is nothing good to tell... at least that has always been the reason we leave things out of a report.
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  5. #5

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    Quote Originally Posted by 40kGamer View Post
    It is telling that GW does not discuss sales volume in its annual report. What it tells me as an executive is that there is nothing good to tell... at least that has always been the reason we leave things out of a report.
    That part is pretty blatant. When you release a bunch of higher-priced stuff like Knights ($140), a lot of new codices ($50 each), a new edition of your flagship game ($85), etc., and your revenues are DOWN, that means that the sales volume has dropped.

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    "It is losing Customers that have been fiercely loyal for years". There's nothing like rampant speculation passed off as informed fact to make your point. Exactly what evidence is this based on, beyond anecdotal internet opinion? Sure, GW will have lost some people, but there is absolutely no hard evidence on how many, or more pertinently whether those numbers are outweighed by the number of new customers it is picking up. This article lost any credibility for me with that statement.
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    Indeed, agree about the article as a whole Wildeybeast. I was actually interested in reading a proper well informed opinion that wasn't just dumped on a forum...but tbh there isn't much substance to this at all!! Disappointing!

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    Quote Originally Posted by Wildeybeast View Post
    "It is losing Customers that have been fiercely loyal for years". There's nothing like rampant speculation passed off as informed fact to make your point. Exactly what evidence is this based on, beyond anecdotal internet opinion?
    probably the aforementioned decimated sales numbers....
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    Quote Originally Posted by AirHorse View Post
    Indeed, agree about the article as a whole Wildeybeast. I was actually interested in reading a proper well informed opinion that wasn't just dumped on a forum...but tbh there isn't much substance to this at all!! Disappointing!
    ^^ Basically.
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    Quote Originally Posted by daboarder View Post
    probably the aforementioned decimated sales numbers....
    That could well be an indicator, but there is no hard evidence that people are leaving the hobby (in any significant numbers) as a direct result of GW policy. There could be exactly the same number of active customers, they could just be spending less due to the harsher economic times we live in, or any other number of factors. I'm not saying it isn't happening, or that I agree with GW's business decisions. I'm just pointing out that attempting to pass off opinion and anecdote as fact whilst simultaneously implying that GW's fall in sales is a direct result of customers being unhappy with their business decisions, without any actual evidence to support such a claim, is at best shoddy journalism and at worst grossly misleading and potentially slanderous. Again, not saying the guy is wrong, but if he's gonna makes those claims he needs to bring some proof to the table.
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