More normal 3rd Quater profits for Mattel have been 200-400 million range. That prior to the loser executives running this company into the ground over the last 5 years. The 6 million profit just reported doesn’t even cover the electric bills. Shareholders were told, China was growth area , seems that was wrong plan and failed execution by the company. Only thing Mattel execs have been consistent at is being wrong.
A short but an accurate post that sums up the bitter truth. Originally posted by @VOCUeIL-epi