I'm not sure where the bottom is on this one. I I've bought in at 8.63, 8.69, 8.40, and 8.13. When it comes to electronic gadgets, I look at their ratings on Amazon. People love these suckers. Revenue is up strong year over year. I like the stock after this pullback. Just need the price to settle into a range before it can move higher.
It's been trading over 8 for 6 months now reaching as high as the 12's not long ago. We all know only reason for the drop is fear of what damage the toysrus tablet will do to the leappad. If the lawsuit to block the release of the toysrus tablet won LF would see 12's very quickly. Only reason for the weakness of late is toysrus tablet FEAR. If nothing happens in the lawsuit and toysrus wins I think LF will have a good Q3 and probably good Q4 quarter anyway. LF down 28.5% in the last month. I'd like to think all bad news is priced in now.
That's the way I see it too. It's just that when the stock breaks support you never know where it will firm up. The only reason it was down today was because the markets were weak, but that happens to a stock with price action like this. As far as I'm concerned Toy's R US is another Best Buy. It's a good place to see what you like and buy it online cheaper. Leapfrog is cheap and sales will remain strong.