Just hope they don't skroo the pooch again and get overconfident like a few years ago with the ridiculous $100 million stock buyback at $20. What a waste of resources just to prove a spiteful point to their potential acquirer. Like a baby having a fit in a sandbox.
IMO, JAKK is poised for a technical breakout and the fundamentals predict it. We are sitting 3 pennies above the 50 day MA and one penny below the 200 day MA. I believe over the next week or so, the 50 day is going to cross over the 200 day which, of course is bullish. We may have gotten a good catalyst moments ago. I was checking on on some things before I hit the hay and happened upon a news release that, I mean, just hit the wire from the CNBC page. One of the Frozen figures is supposed to be among the very hottest toys this holiday season. This is the right kind of attention for JAKKs and comes at a great time since we are poised technically for a stock price surge, IMO.
Agreed on China company - I never invest in them either. My thinking with HPJ is that they have tangible products that we can see/track, products and companies (Sony/Philips/Costco/Timex/Acer etc) they supply that we all know. I'm sure the China situation is why the market cap is so low. They also have offices in San Francisco and other places (PR's come from San Fran). We'll see how it turns out...simply have never seen such a small company working on products for such big companies and in the strong Wearable/mobile gadgets and electric vehicle spaces. Still long JAKK too. Thank you for your input above.
I see potential there.....did not get as far as the presentation because it is a China company. I have not invested in one for years and that's just a policy I stay with whether I miss out on a good one or not. I don't like the accounting regulatory environment overall. HPJ has a lot of employees and relationships and probably is one of the good ones; but it's not for me. I did not read far enough to see if they have done a recent capital raise but based on working capital situation, they may need to do something to enable growth to occur. Raising capital, as you know, is dictated as good or bad based on "why" it's being done. When it is a landscape for growth, investors tend to understand and favor a capital raise in the right environment.
I'll say this, I strongly prefer JAKK over HPJ (even if HPJ was not a China company).
Thanks again and IMO as to my take on the stocks.
Look for instance at the news released last week. Supplying Acer with batteries for their tablets, supplying the battery for the Timex Smart Watch, etc. And their electric vehicle batteries were recently approved for use. There are several investor conferences this week. Deals with Philips, Costco, and a bunch of others I've seen people post on the yahoo board. Go to their website, click on investor relations, bottom right is their september presentation. They have more large customers than any other $100M company I've ever seen.
with almost 10M shares shorted of 22M outstanding and of less than 13M float, it seems shorts are trying to hold down the fort here at 7 bucks. JAKK could really blast off, IMO. You've got some of "the" best small cap institutional investors (like Dimensional, for example) with stout positions on JAKK. IMO, we could see quite the squeeze here.
I think the mid 6s are gone for a spell....hopefully a long one. However, I'll also add more if it pulls back there; I just don't believe it will, though. Grabbing shares in the 6.80s to low 6.90s may be the challenge now, IMO.
I couldn't agree more. No problem on the recommendation. (On a side note, some will call me crazy, but I will not be surprised to see JAKK approaching $14 by Christmas. That is still only a $300M market cap)
Well, it did come back and hit 7 today. I think we are fixing to go on somewhat of a run now........decent volume today too. IMO, Hopeful
may not today....but this stock is gathering some steam, IMO, and buyers will overwhelm the last weak hands very soon, IMO.
$124M revs in a non holiday quarter (most recent Q report). $165M in cash and only a $148M market cap. And 60-70% short. Can't resist adding more at these low levels. Between Frozen and Teenage Mutant Ninja Turtles - and the expansion of products mgmt talked about on the recent call, the #'s reported are going to be through the roof. Doesn't hurt that the company is held by one of the wealthiest people in the world.
getting a bit of buying interest today....so are some other stocks today which I note have been relegated to a level of junk pricing like JAKK....even though they are far from junk stocks. IMO, Hopeful
P.S. I'm speculating JAKK will soon challenge its MAs in the 7s. The 200 day is at 7.15 and the 50 day at 7.27.
did you also look to see if the ceo was the same then as now? if so, why would you expect any different result from your investment?