FNKO licenses pop culture content, then makes shit to take advantage of temporal cultural whims FNKO has over 1000 licenses from over 130 content providers FNKO controls its own production facilities. As a result, it can make timely shit ( < 70 days ) Earnings 8-11-2-5 Cash = $6.4mn ; Long-term debt = 200.1mn MC = 364mn This stock will implode in a recession.