With great numbers come great returns ... eventually
Marvel's second-quarter numbers were outstanding. Overall licensing revenue improved by 44.7%, and domestic consumer products licensing nearly doubled. Earnings, meanwhile, blew the Street away -- $0.59 per share versus the $0.45 analysts had been expecting.
The only number from Marvel's report that's worth worrying about -- and it may not even be worth that -- is revenue from publishing, down roughly $1 million year over year. But that appears to be due to outstanding numbers in last year's second quarter, when signature hero Captain America fell victim to Marvel's killer writers.
Don't let a small mistake become huge
So, yeah, I blew it in overestimating Marvel's 2008 profit. So be it. I refuse to let a small mistake -- not reading the transcripts carefully enough -- become a huge error. That's what I'd be doing were I to sell my Marvel stake at today's severely discounted price.
