|Bid||0.00 x 4000|
|Ask||0.00 x 800|
|Day's Range||11.68 - 12.02|
|52 Week Range||9.06 - 17.27|
|Beta (3Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Mattel's core product is obviously toys, but the company needs to expand into film, television, live events, games, music and more, Kreiz said during the "Mad Money" interview. Kreiz brings unique expertise to this field, having previously served as CEO of Maker Studios, a maker of short-form videos on YouTube which was bought out by Walt Disney Co (NYSE: DIS) in 2014. Mattel is working on a Barbie movie that will be released next year starring Margot Robbie.
For his first "Executive Decision" segment of Mad Money Wednesday evening, Jim Cramer sat down with Ynon Kreiz, chairman and CEO of toy maker Mattel , which has been hard at work turning itself around after its accounting was called into question. Kreiz said Mattel's accounting issues are now behind it and the company is focused on profitability and capturing value from their existing intellectual property. Regarding profitability, Kreiz said that Mattel has reduced its manufacturing footprint and is restructuring its operations to be flexible and able to respond to market conditions.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]
Retailers are angling to become this holiday season’s top toy destination by expanding their exclusive toy selections and focusing on prices and consumer experience. After Toys "R" Us filed for bankruptcy in 2017 and closed all stores in 2018, last holiday season presented opportunity for other retailers, who scrambled to capture consumers’ toy dollars. Target, Walmart, Amazon, Kohl’s, Michaels, Party City, Barnes & Noble are among those that grew their toy selections.
Investors eyeing Hasbro’s beaten-up stock may want to wait before buying, said Jaime Katz, senior equity analyst at Morningstar. “There could be more downside if the tariffs wind up being implemented and maintained over the full 2020 year,” she said.
Moody's Investors Service ("Moody's") assigned a B1 rating to Mattel, Inc's ("Mattel") new $600 million bonds due 2027. Mattel's ratings reflect the company's high leverage and weak profitability after several years of operating challenges. To achieve this, Mattel will need to invest some of its savings to support its brands and develop new content.
(Bloomberg) -- Mattel Inc. returned to the junk bond market after a whistleblower allegation derailed a similar sale earlier this year. This time, it brought an even bigger deal.The company sold $600 million of bonds to refinance existing debt, after an anonymous complaint about its accounting and internal controls forced it to halt a smaller offering in August. Mattel said in late October it had completed an internal investigation, pledging to strengthen financial reporting controls and saying it would restate some earnings.The company’s debt-market return is another sign of regained investor confidence since the whistleblower’s letter, which it disclosed publicly on Aug. 8. The allegation contributed to a slide in Mattel’s shares which closed at a 19-year low later that month and caused the firm to yank a $250 million debt offering. A subsequent investigation found accounting errors in Mattel’s reports for the last two quarters of 2017, as well as material weakness in financial reporting controls.The company has since restated its quarterly results. The investigation determined that the independence of Mattel’s outside auditor had not been compromised.With its latest debt offering, Mattel sold $600 million of notes due in 2027 to refinance existing bonds maturing in 2020 and 2021, according to a person familiar with the matter who asked not to be identified because they’re not authorized to speak about it. The bonds priced at 99.2 cents to yield 6%, the person said.A representative for El Segundo, California-based Mattel did not respond to a request for comment made before the deal priced.(Updates to reflect the bonds priced.)\--With assistance from Gowri Gurumurthy.To contact the reporter on this story: Davide Scigliuzzo in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Natalie Harrison at email@example.com, Sally Bakewell, Christopher DeRezaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Mattel Inc. announced a new senior notes offering on Monday after calling one off earlier this year after it received a whistleblower letter. Mattel (NASDAQ: MAT) will put net proceeds from the sale toward paying off senior notes that are due in 2020 and 2021. The company did not provide details about the allegations at the time, but it did call off a senior notes offering for $250 million in order "to investigate the matters set forth in the letter." Mattel then used the occasion of its third-quarter earnings to reveal that the letter, which was sent to Mattel's outside auditors at PricewaterhouseCoopers (PwC), questioned whether there were accounting errors in historical periods and whether the outside auditor was independent.
Mattel held a conference call early Friday morning to further address accounting questions raised by a whistleblower letter the toy giant first disclosed on Aug. 8.
A former Mattel executive told the Wall Street Journal that he was "dumfounded" that the company didn't restate earnings after an accounting problem surfaced in 2018.
The iconic toy retailer is back. Toys ‘R’ Us opens its new retail store in New Jersey. Yahoo Finance’s Adam Shapiro, Julie Hyman, Brian Sozzi and Emily McCormick discuss on On The Move.
'Frozen 2' is smashing several box office records with an estimated $127M in its domestic debut. Yahoo Finance's Akiko Fujita and Melody Hahm discuss.