The Hot Stock: Is Mattel Waiting for a Turnaround…or a Takeover? – Barron’s

If I were an investor in Mattel (MAT), I’d be pleading with the market, “stop toying with me!” Why? Last week, Mattel (MAT) tumbled 13% after reporting terrible earnings, suspending its dividend, and having its credit rating slashed by Standard & Poor’s. But today, its shares soared more than 11%, making it the best performing stock in the S&P 500 today. What gives?

Chalk it up to BMO analyst Gerrick Johnson and team, who argued in a note today that “investors can start looking at other end games”…

Comments

Write a Reply or Comment:

Your email address will not be published.*