How low can we go? Today was $17.17, but surely we can all work to drop well under $15. Together Everyone Achieves More! Go TEAM Mattel! No one is laughing at us!
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$16.23? Burn baby burn! Weenie roast time! Everyone director level and up is a weenie and the world is loving this long overdue bonfire. Save room for Smores, people! Plenty of fire to go around, this stock is heading for single digits. Hahahahahaha!
KFarr from the truth knew & lied about the inventory numbers as he was the Wizard of Oz behind the curtain.
"The stock dropped because the Board of Directors LIED about the inventory stuck at retail at the end of 2016 and the amount of money it would cost to clear it."
That is two, or is it three, years in a row that we maniacally over shipped in Q4 to try and con the Market that we didn't miss the number by much. In reality things were worse than they looked from the outside, and those getting the big paychecks inside knew it was a con. Kick that can down the road to Q1 or Q2. Where's my bonus? I need a new house in PV, or a bigger vacation shack in Palm Springs or the Hamptons.
Fool me once, shame on me, fool me twice I'm dropping your stock like a hot rock.
No doubt the new investor lawsuit is also having an impact on the stock. The last time this happened after The Learning Company fiasco, the company shelled out about $125 million to shareholders to settle. This probably has potential investors staying away and current investors cashing out before they lose all their money.
The whisper number has the value at $12 a share. I'm most surprised there are not any activists even interested. It seems the situation is too dire to turnaround.
"She is our Trump"? Oh, God, let's hope not. Then we ARE doomed.
I'm assuming that was not-so-veiled sarcasm.
Although I do believe there are a few morons left that still have faith in The Donald....David Duke for one.
The stock dropped because the Board of Directors LIED about the inventory stuck at retail at the end of 2016 and the amount of money it would cost to clear it. Then the new CEO came out with a rehashed plan from the last CEO (connected toys save the day and other nonsense) and it dropped more. Then we didn't hit our number and lost twice the money the investors thought.
What I find so offensive on this site is the lack of knowledge of how the business of Mattel works. It's like many of your don't understand how stock works and how the delivery of the profit affects it. READ UP! It's inexcusable for you to be naïve about the foundation of the how the company is judged.
I agree with the last poster. Keep in mind that President Trump and the CEO have both been in office for the same amount of time. Trump also comes from a different industry, if you will. Just as I believe Trump will make America great again once he learns the ropes, I think the CEO can too make Mattel great again. She is our Trump.
Well, there is something called a learning curve.
It probably takes at least a good year to learn the ins and outs of the toy industry at the CEO level. Especially when coming from a totally unrelated background. So give her time and just keep bailing that water, mates....the sharks are circling.
Just stating a fact.
Seriously, after reading all these comments, one would think people WANT Mattel to fail!
Well then we have no other choice -- fire the CEO!
When the new CEO took over the reins at the beginning of this year, MAT stock was trading in the low $30 range.