From what I've been hearing through the grapevine, it's looking like a 2nd quarter bankruptcy likely. MGo alluded to this at the last earnings call, saying "We have taken aggressive action to enter 2018 with a clean slate so we can reset our economic model and rapidly improve profitability."
A bankruptcy followed by a thoughtful restructuring may be just what Mattel needs at this point.
Well, our stock price hasn't been this low since about this same time of year back in 2009, coming off Xmas 08', so yeah things could be better, Q1 results should be interesting.
Only time will tell.
I thought that was a suspicious large amount of joke cracking, glad-handering and general f@ckery being bandied about by our leadership team at the recent Town Hall. I watched it with a growing sense of dread. Only some truly dire news on the horizon could account for that many prostate exam jokes.
Mattel has been morally bankrupt for years, it's about time the financials caught up.
If you're bankrupt and you know it clap your hands... M-GO!
If you're useless and you know it stomp your feet... RD!
If you're RD and you blow it then you really didn't know it, if you're RD and you blow it here's more cash!
Moody's rating of Ba3 is considered non-investment grade and speculative, basically junk bond status
For today’s starters Mattel has just received the lowest rating of investment grade Baa3 and is now subject to moderate credit risk. A Ba3 rating ndicates a higher level of concern that deteriorating Mattel developments could hinder the issuer’s ability to meet its obligations. Not good...
That sounds like wishful thinking. What financial data backs that up?