The big item on the balance sheet was not debt but pension liabilities. It is almost completely gone. The rest takes care of itself with profitability.
Disagree, The debt will get payed down on time. The way to shakes the shorts is to make them pay. Fair value should be $12 a share right now. Make the shorts start paying a dividend and they will move on reduce the active share count by 40% and then we see true value.
Just left Costco. HUGE JAKK line up this year. Completely sold out of everything. 4th QRT will be HUGE. Beat estimates chasing demand. Demand will leak over to 1st qrt.... Issued converts last year because it was the only option after missing 4 qrts in a row. Much of the converts were replacing other converts.
I'm now thinking $15 a share. The converts bought the stock for the upside. The upside is coming....
Go to target and Walmart and look at how much of the JAKKS products are sold out... Will make you want to buy more stock... Need to restock in January with the top products.
Just added on the slide. I'm ok with that. This is not a one week stock. 4th qrt very strong, 1st qrt will be a blow out qrt yoy. Buy the dips.
Two years ago the rumor they would go BR due to pension liabilities. They are done. Starting to generate cash. Dividend will be back in short order. The shorts are already exiting. Controlled by the hedges. When they get covered they will send it up.
I agree AKS will out perform in 2015. Low pension liabilities, 300 milliion cash savings going into 2015. Sales up 50%. Easy double from here.
Just sold 43 million shares over 9 a few months back . Insiders buying over $6. Dip is the opportunity to get back in.. I took it and it will be a very merry Christmas!!!
It is China steel that is causing the issue. China is the worlds largest producer of steel. If they are not consuming it they will send the cheap #$%$ over here for next to nothing.
Stock moved down as estimates moved up. Already stated 2015 line up is one of the best ever. 1st qrt should be very good just on the back orders of the hot products. Cost in line. International growth in 2015 will be strong. Buy out candidate. Even with the convertibles will see $12 as share base on forward EBITDA.
Buy while still under $7.
Zacks will upgrade after it hits $8
While Hasbro and Mattel appear to be having some difficulties, BMO analysts are upbeat on Jakks Pacific. The firm said that the company has a solid lineup of new products for this year's holiday season, which should help carry momentum into 2015.
Toys tied to the Disney movie "Frozen" are a key driver, but that's not the company's only bright spot. BMO believes that the Max Tow Truck — a self-propelled toy truck that can push or pull 200 pounds — has emerged as one of the season's biggest breakout hits.
The toy was out of stock on Wal-Mart's website Friday.
BMO added that Jakks Pacific Inc.'s execution seems to have improved this year, and it appears to be in better financial shape following a restructuring program and charges taken in 2012 and 2013.
JAKKS Pacific (NASDAQ:JAKK) had its neutral rating reissued by analysts at Zacks. Zacks currently has a $7.00 price target on the stock. Zacks’ analyst wrote, “JAKKS Pacific’s third-quarter earnings of $1.03 per share beat the Zacks Consensus Estimate by 2%, primarily due to better-than-expected revenues. However, earnings were lower than the year-ago figure of $1.11 by 7.2%, due to increase in the cost of sales. Revenues increased 12.4% year over year and surpassed the Zacks Consensus Estimate by 9.2%. This jump in sales was driven primarily by the success of its Frozen product line. This was complemented by a general rise in licensed large-scale figures such as Star Wars, and the increased sales of the company’s Halloween costume and accessories unit – Disguise, Inc. We commend the company’s product launches and organic growth initiatives, such as creating new products and securing licenses. However, we prefer to remain on the sidelines given the weak consumer spending scenario amid a sluggishly recovering economy, children’s attraction to smart devices and intense competition. We, thus, maintain our Neutral recommendation on the stock.”