When is our 1.5 to 2B (what a spread!) at 6% coming due? Can Mattel make the next payments?
3 replies (most recent on top)
3rd quarter results announcement will be interesting...
We are not only cutting headcounts, we are shrinking product lines, cutting new product development, reducing new tooling, closing down departments, selling out factories... Honestly, I don't see we have a chance grow in the near future. If you have better insights, please share!
By any reasonable valuation measure, Mattel has to start growing again organically to justify even the current $14 share price. Cost-cutting alone doesn’t create a company with enough cash flow or earnings to be valued at $5 billion-plus.