1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (10163)  | Author's Website |

John Rogers Comments on Mattel Inc.

Guru stock highlight

July 17, 2019 | About:

Lastly, toy manufacturer, Mattel Inc. (NASDAQ:MAT) declined - 13.77% in the quarter, as a voluntary product recall and trade tensions weighed on shares. Nonetheless, we continue to believe management is making meaningful progress on its multi-year turnaround plan. MAT delivered another earnings beat, highlighted by solid top-line performance and a significant improvement in profitability. In addition, the company is on track to deliver more cost savings than originally targeted, which excludes efficiencies gained through supply chain optimization. Furthermore, the announcement of several new licensing deals and movie agreements for some of its iconic brands in the quarter provide evidence that MAT is also executing on goals to capture the full value from its intellectual property in the mid-to-long term. At today’s valuation, we see the risk/reward skewed sharply to the upside.

From John Rogers (Trades, Portfolio)' second-quarter 2019 Ariel Fund commentary.

About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by Holly LaFon


User Generated Screeners


pjmason14Momentum
pascal.van.garsseHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)