Their burdensome debt would not exist if they hadn't spent over $100 million a few years ago pointlessly structuring a formal buyback offer of five million shares at $20/share just to spite a rejected suitor who was offering that amount per share for the whole company. Shortly thereafter they got in financial straits, the stock dropped perilously, and JAKKS had to borrow a similar amount of cash with attendant interest payments just to stay afloat. I still have most of my now-devalued shares but have never trusted them since.
Why oh why are all of you guys following this slow motion train wreck as if the outcome isn't inevitable, or as if you'll have any power to change that outcome by scrutinizing and agonizing over it hour after hour, day after day?!? Go on vacation if you've got this much free time, and check back in a month or two!
Umm........I'm not looking for a "bounce." I'm looking for long-term growth. It's called "investing." I think there's a couple books on it, you might try Amazon for a start.
Ahh....so the crushingly predictable wasting of literally thousands of hours of amateur investors' time on this board continues like clockwork day after day, rather than an acceptance of the inevitable course of a bankruptcy. But after all, this country loves to wallow in denial, whether it's about global warming, housing bubbles, or the misbegotten notion that we'll all be richer then the Kochs one day.
Ummm.....actually, it's working great for me. At these amazing sale prices, I'm buying more. You can either think like a nervous, shortsighted amateur or think like Buffett and buy great companies when others are fearful. Buffett loves it when his favorite companies go on sale so he can buy more on the cheap. I feel the same way.
You're quoting a hyperactive TV entertainer with zero attention span and a terrible investing advice track record? LOL.
Guess a reversion to the mean will pay off handsomely for us longs then.......thanks for the heads up.
Those who throw in the towel out of impatience and frustration often end up standing on the shore watching the shining ship sail away to riches and glory.
Sentiment: Strong Buy