In 2012, the company spent $1.7 million fighting a takeover bid by investment firm Oaktree Capital Management, which had offered $20 a share to take the company private.
Jakks rejected that offer, saying it undervalued the company. Talks with Oaktree stalled in June of last year.well,then take a Guess? How Much?
France is not showing such positive signs of economic recovery but it does offer a good contrarian play. Plagued by accusations of corporate misconduct, France Telecom, recently renamed Orange (ADR) (NYSE: ORAN), is a risky play but the company has its strengths. Free cash flow was euro 1.1 billion for the first half of the year, easily covering the company's euro 788 million dividend payment of 3.7%. Book value stands at $12.05 per share, so the company's stock offers value. Revenue is struggling to grow but the company's management is being proactive and is looking to cut costs.
Still, the company will only be able to stage a turnaround if the economic situation in Europe improves and a brutal price war is currently underway. That said, Orange has operations throughout Europe, including the UK, and the growth of mobile 4G usage will hold the company together until Europe starts to grow again.
Trading at a discount to book value and with a higher-than-average dividend yield, Orange could be a good risk to take.