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While the equity indices are trading near all-time highs, several stocks are trailing the broader markets. For instance, tech stocks have rallied in the last 15 months while debt-heavy companies, part of sectors such as real estate, energy, and industrials, are feeling the heat.
Another TSX stock that has underperformed in recent years is Spin Master (TSX:TOY). Valued at $3.1 billion by market cap, Spin Master stock is down almost 50% from all-time highs, allowing you to buy the dip and benefit from outsized gains going forward. Let’s see why it makes sense to own this magnificent Canadian stock in your equity portfolio right now.
An overview of Spin Master
Spin Master is among the largest children’s entertainment companies globally. With distribution in more than 100 countries, Spin Master’s brand portfolio includes PAW Patrol. Rubik’s Cube, Air Hogs, and GUND. It is also a global toy licensee…
