It seems it wasn't a good idea for Mattel to buy Hit
Entertainment, I guess they were thinking, we have
the rights, we can produce more cheap Bob the Builder
toys and Thomas the Tank Engineer toys and make a huge
profit.
Well at a cost of $680 million, the Market says no, also
Mattel's barbie dolls just haven't been selling. Mattel's
share price has drop 7.7% in one day.
It doesn't look good for Mattel IMHO, with their
marketing manager getting people's hopes up and
then dashing them with the Hoverboard, (it's only
a replica) and now these first quarter result, they
have lot of thinking to do.
I'm not a share broker, this post was just my opinion,
do your own research if your looking into buying into
Mattel.
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