Based on an expected poor last two quarters of the year and a more reasonable P/E the shares should be around $8 at the beginning of the year. It is surprising that Hasbro nor any of the activists are no longer are interested. A sign of the times. Let's see what analyst will have the courage to make this call.
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Lego and Playmobile have their own factories, as they run mostly the same molds for decades. A few smaller companies do the same thing, ones that rarely change their product line. If Mattel's drive is innovation, then the factories are a liability. Hasbro, Mattel's competitor, Disney, who does many doll lines for their company stores, and Google, who Mattel is looking to model after, do not own any factories, and probably never will. That is not their focus.
Does Mattel own the factories that Hot Wheels and Barbie dolls are made in? I agree that the brands are not doing well but I believe there is value in Mattel. The company isn't leveraged from what I can see and it has assets.
Hasbro too smart to purchase MattHell as the first post indicates. I can't see how they could or would infuse their IP's into MattHell IP's because they already them.
Why buy a sinking ship that's no longer salvageable as there's no RIO in it..............fire sale time.
Hasbro isn't interested because there's nothing of value other than Fisher-Price (and they already have Playskool):
1) Barbie - on a rapid decline with no hope of a turnaround - fashion dolls are passé
2) HotWheels - makes no money
3) American Girl - same as Barbie
4) Thomas - abandoned by Mattel
5) ToyBox - mostly junk brands or abandoned licenses
What's to buy?!