|Bid||10.56 x 1000|
|Ask||10.99 x 3100|
|Day's Range||10.73 - 10.92|
|52 Week Range||9.09 - 17.27|
|Beta (3Y Monthly)||2.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.42|
With tariffs looming and the holiday season approaching, MGA Entertainment Founder and CEO, Isaac Larian talks with Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Cheung and Pras Subramanian.
Toymaker Mattel is tumbling this morning after the company pulled its planned bond sale after an anonymous whistleblower letter emerged. The bond sales was originally expected to close Thursday. Mattel saying it plans to refinance bonds that are due in October 2020 before maturity. The toymaker will be looking into the matters outlined in the letter. This all comes after we saw stronger-than-expected second quarter for the company. Yahoo Finance’s Heidi Chung, Akiko Fujita and Scott Gamm discuss.
Trump delayed tariffs on some Chinese goods until December 15, but toymakers are not convinced the delay will save Christmas.
(Bloomberg) -- In a sign that Mattel Inc. isn’t too worried about the whistleblower letter that upended last week’s $250 million bond offering, the toymaker initially asked bankers to delay the sale for just a couple of days, according to people who have communicated with company officials.The closing was scrapped when at least one of the banks involved balked at a postponement because the bonds had already been priced, said the people, who asked not to be identified because the communications were private. An additional person familiar with the deal said the banks learned of the letter after the pricing. Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. were among the institutions involved.Mattel is playing down the situation as a case of being overly cautious, the people said. The toymaker was made aware of the letter Aug. 6, just two days before the scheduled closing. Citing the need for more time to investigate the allegations, which haven’t been made public, the company disclosed on Aug. 8 that the deal had been canceled.In the public filing, the company didn’t say how it learned of what it called an “anonymous whistleblower letter” or whether a regulator was involved. That’s because the notification came from a third party that’s outside of government, the people said of Mattel’s account.A spokeswoman for the El Segundo, California-based company declined to comment, as did representatives for Bank of America, Citigroup and Wells Fargo.Nascent Turnaround?The debt offering was canceled just about two weeks after the company’s first quarterly revenue gain since 2017 gave investors hope that its long turnaround might be taking hold. The company has said it intends to still refinance $250 million in bonds maturing in October 2020.Mattel’s stock has plummeted about 16% since the disclosure. On Tuesday, Mattel was among the consumer companies whose shares were buoyed by President Donald Trump‘s decision to delay some tariffs on goods from China, rising 2.5% to $11.27 at 1 p.m. in New York.The 2020 bonds, which the new issue was intended to refinance, are trading just above par, according to Trace pricing.“That level is definitely not sounding the alarm,” said Scott Kimball, a portfolio manager at BMO Global Asset Management, who owns Mattel bonds maturing in 2021. “They have some time and decent enough liquidity options to press pause on the refinancing as they investigate this anonymous letter.”\--With assistance from Natalie Harrison, Katrina Lewis and Molly Smith.To contact the reporters on this story: Matt Townsend in New York at email@example.com;Gowri Gurumurthy in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Kevin Miller, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investing.com – Wall Street surged on Tuesday after the U.S. Trade Representative office said it would delay tariffs on some Chinese goods to Dec. 15.
NEW YORK , Aug. 13, 2019 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Mattel, Inc. ("Mattel" or "the ...
Investing.com - Retailers and toy makers got a respite from the trade war on Tuesday after the U.S. Trade Representative office said tariffs on some toys and apparel goods would be delayed.
Shares of toymakers Mattel and Hasbro were rising sharply Tuesday after the Trump administration announced that it will delay 10% tariffs on certain Chinese products that were supposed to take effect in September. Mattel shares were rising 4.3% to $11.48 on Tuesday, while Hasbro shares jumped 4.6% to $118.43. The Office of the U.S. Trade Representative said it will delay tariffs on several items in the basket of $300 billion in consumer goods that are made in China and sold in the United States, which were set to rise to 10% on Sept. 1, until at least Dec. 15.
Jeffrey Epstein Found Hanged, Dead in Cell Less than one day after hundreds of pages of documents were unsealed revealing the extent of billionaire financier pedophile Jeffrey Epstein’s sex crimes, the guy was found dead in his cell. He appeared to have hanged himself. For some reason, he was not under suicide watch at the […]The post Market Morning: Epstein Dead, Mattel Gets Threatened, Greenspan Worried, Walmart Inflation appeared first on Market Exclusive.
Mattel news for Friday concerning a whistleblower letter has MAT stock taking a pounding.Source: Shutterstock Mattel made its announcement concerning the whistleblower letter via a filing with the U.S. Securities and Exchange Commission (SEC). However, the company doesn't reveal the contents of the letter, or even hint at what it may be about.Instead, the Mattel news has it canceling a senior notes offer that was set to go live Thursday. This offer was for its 6.00% senior notes that were going to have a due date of 2027. The company also notes that it will be refinancing its 4.350% senior notes due October 2020 before they reach maturity.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe bad Mattel news is hitting MAT stock hard as the company recovers from a struggling period in its history. This includes it going through multiple CEOs over the last few years and dealing with the fallout of the Toys R Us bankruptcy.The blow to MAT stock also comes after it got a boost from second-quarter earnings late last month. This had it beating revenue estimates for the quarter. However, it did miss earnings per share estimates. Despite this, the earnings report was able to boost the stock up more than 3%. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What As it stands now, the recent Mattel news goes a long way toward wiping out its positive progress for 2019. The stock started the year at $9.76 and was sitting at $13.43 when the markets closed on Thursday. It is currently down roughly 14% to $11.54 as of Friday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence As of this writing, William White did not hold a position in any of the aforementioned securities.The post Mattel News: Whistleblower Letter Sends MAT Stock Tumbling appeared first on InvestorPlace.
Fresh tariffs from the Trump administration are unlikely to hurt toymaker Funko, the company's CEO Brian Mariotti told Yahoo Finance.
(Bloomberg) -- Mattel Inc. fell the most in almost 6 months on Friday after the company said it would pull a bond sale as it looks into “an anonymous whistleblower letter.”The toymaker became aware of the letter on Aug. 6, according to a filing late yesterday. Mattel said it is terminating the sale of senior notes due in 2027 “to provide the company with an opportunity to investigate the matters set forth in the letter.”The sale had been scheduled to close on Thursday. Mattel said it plans to refinance bonds that are due in October 2020 before maturity. It didn’t offer any further details about the letter. Spokeswoman Dena Cook said the company had no comment to add beyond what’s in the filing.While Mattel didn’t offer many detail of the claims, Jefferies analyst Stephanie Wissink said they are likely “material enough to prevent” the bond deal rather than just delay it.“We can only espouse from the timing of the filing that a legal test was conducted and determination made that the matters contained in the letter were meaningful enough to affect an investor’s ability to assess merit & risk,” Wissink said.The shares fell as much as 12% to $11.78 in New York, the biggest intraday drop since February. The stock had gained 34% this year through Thursday’s close, boosted last month as the company signaled it’s making progress in revamping operations and reported quarterly revenue that outpaced estimates.Mattel’s bonds were among the biggest decliners in the market Friday morning. Its 6.75% bonds due in 2025 dropped 4.625 cents on the dollar to 100.25 cents, the most since they were issued, according to Trace. Its notes due in 2020 declined more than 2 points to trade around par.Junk-rated Mattel has about $3 billion of debt on its books. About $250 million of that comes due next year. The toymaker had planned to refinance its 2020 obligation with the pulled bond, which had been sold to investors on Aug. 1.To contact the reporters on this story: Jonathan Roeder in Chicago at firstname.lastname@example.org;Claire Boston in New York at email@example.comTo contact the editors responsible for this story: Anne Riley Moffat at firstname.lastname@example.org, Lisa Wolfson, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Just like clockwork, the markets are back to mid-summer roller coaster ride territory. At this point it's not like Disney's Expedition Everest, Space Mountain or Rock n' Roller Coaster, but just enough to make you feel that you are definitely on some kind of ride, and it's not exactly unpleasant, at least at this point. Since my Wednesday column ran the S&P 500 has experienced two more "volatile" days (with volatility defined as up or down at least 1%), and both have been of the positive variety.
Shares of Mattel were sliding more than 10% Friday after the toymaker decided to cancel a $250 million debt offering because of a mysterious whistleblower letter. Mattel said it became aware of the letter on Tuesday, according to a regulatory filing with the Securities and Exchange Commission. Mattel shares tumbled 10.24% to $12.06 on Friday.
BOSTON, Aug. 08, 2019 -- Block & Leviton LLP (www.blockesq.com), a nationally recognized securities litigation firm, is investigating whether Mattel, Inc. (NASDAQ: MAT) and.
Mattel Inc. shares dropped more than 5% in after-hours trading Thursday, after the toy company canceled a planned debt sale and disclosed an anonymous whistleblower letter. In a filing with the Securities and Exchange Commission, the company said it was launching an investigation into matters brought up in the letter, without detailing what they were. The company had announced the planned sale of $250 million in debt last week, and was expected to close the deal Thursday before the filing arrived. A Mattel spokeswoman did not immediately respond to an email requesting additional comment. Mattel stock had been recovering after a rough 2018 and a crazy boomerang move early this year, increasing 34.4% so far in 2019 as the S&P 500 index gained 17.2%.
During Wednesday night's Lightning Round on Mad Money, Jim Cramer commented on Mattel and Hasbro : "Mattel is a second-class Hasbro." Keeping that in mind, let's look at the charts of HAS remembering that there are only 139 more shopping days tills Xmas. In this daily bar chart of HAS, below, we can see a bullish pattern that should support higher prices ahead. In late May we can see the 50-day line cross above the slower-to-react 200-day line for what is commonly called a golden cross.
Shares in Mattel tumbled more than 7 per cent late on Thursday after the toymaker said it received an “anonymous whistleblower letter”. Mattel did not describe details of the letter, which it received August 6.