People do really funny stuff
They will keep it down until there is visibility, especially because it still has about $3 billion in net debt and just announced intent to commence LTE build-out. This thing just needs a buy-out.
Ok..I predicted $8 just based on the Bloomberg interviews. Now that I have read more, I am neutral. Not buy nor shorting. Heading out of here.
I am not short or long but just looking at the numbers and the impact of these rumors...this is not an investment at this time. May take a short position here.
Not today though, but I am ooookkkaayyy
Book value and JAKKS is all up from here ahead of Halloween and Holidays
The stock market can be funny. With all the stuff going on in the company, Soon interests, private equity $20 bid, it was easy to see it wasn't a $5 stock. Didn't need any serious brain
Thanks for making me richhhhh
Seven 8 months later, i was selling at $14. Now close to $16. Let's see what we can achieve here. I believe this might be even better. it takes some care and patience to discover these stuff. But I have a basket full of JAKK and will hunker down and wait. Third quarter is just 12 days from being over and I am sure they know know where they are headed. And DREAMPLAY is shipping too...this is worth waiting for
"Seasonality and Backlog
The retail toy industry is inherently seasonal. Generally, our sales have been highest during the third and fourth quarters, and collections for those sales have been highest during the succeeding fourth and first quarters. Our working capital needs have been highest during the third and fourth quarters.
While we have taken steps to level sales over the entire year, sales are expected to remain heavily influenced by the seasonality of our toy and Halloween products. The result of these seasonal patterns is that operating results and the demand for working capital may vary significantly by quarter. Orders placed with us are cancelable until the date of shipment. The combination of seasonal demand and the potential for order cancellation makes accurate forecasting of future sales difficult and causes us to believe that backlog may not be an accurate indicator of our future sales. Similarly, financial results for a particular quarter may not be indicative of results for the entire year.
Liquidity and Capital Resources
As of June 30, 2013 we had working capital of $117.0 million, compared to $186.6 million as of December 31, 2012. The decrease was primarily attributable to seasonably low accounts receivable balances offset partially by lower accrued expenses and accounts payable balances."