Opinions
The Panic-Proof Portfolio (Stockchase Research)
Mattel
MAT-Q
TOP PICK
May 10, 2022
Stockchase Research Editor: Michael O'Reilly The long time toy manufacturer has worked hard to re-invent itself, partnering with Disney and Universal and reviving iconic brands like Barbie, Hot Wheels and Fisher Price. It even has pledged to use 100% recycled bio-based plastics. Its management during pandemic supply-chain threats were expertly handled as reflected in their earnings profit that beat expectations by 150%, when a loss was expected, while supporting a strong 42% ROE. It has prudently used some cash reserves to aggressively retire debt. We recommend a stop loss at $19, looking to achieve $33 -- upside potential over 30%. Yield 0% (Analysts’ price target is $33.33)
$24.705
Stock price when the opinion was issued
household goods
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BUY
Has long liked it. There was a report today that there are takeover talks with a pair of private equaity firms. Shares surged 11%. Also, the company reported much-better-than expected sales, up 20% YOY, and a surrise profit. They affirmed their full-year forecast, though didn't rise it.
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DON'T BUY
They just delivered sub-optimal numbers. Suffered supply chain shortages last year. Maybe there was less demand after Covid? We knew things were bad when they pulled their forecast last October. Q4 revenue was down 22% YOY and an 11-cent earnings miss. Their latest full-year forecast is weaker.
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