The only way to make money with Mattel is to short the stock. Hasbro released their earnings today and we could only dream to have their numbers. It is going to be bad, very bad. We need to lay off about another 20% of the workforce just to stay afloat. We are circling the drain.
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The company is slowly slipping under $4b, losing hundreds of millions a year. But maybe $3.5b or thereabouts is a sustainable business. The industry has evolved in numerous ways and it’s just not going back.
My group got pay increases but we’ll probably all be laid off.
Folks received bonuses, no merit increases
Nice
Awesome!! Start writing the checks ya ingrates! What maroons!
I heard that employees received bonuses but did they also receive merit increases?