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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: JakeStraw who wrote (65450)10/12/1999 3:01:00 PM
From: Neil H  Read Replies (1) of 90042
 
Jake

Look at MAT now. Great value for those that can tie up a few dollars . Little to no risk. I would be surprised to not get 50-100% return in a year.

Check MAt thread - Discussion that at current price it may be in play

Also

As it stands now around just a dollar above its 52-week low of $11.68, the toy maker is being viewed as a bargain. At least one fund, Trent Equity, has taken advantage of the 38% drop in Mattel stock this month by going shopping. Manager Robert May increased his position by 50% in the last week, scooping up shares around $12 apiece to push Mattel into a top 10 holding at 2.7% of assets. May likes the core toy business and says it can generate normalized earnings of $1 a share. That math would give Mattel a current P/E of around 13, compared to an industry average of 40.

Assigning the Learning Company a value of zero, Gustafson says Mattel is still worth close to $30 a share, and he is ready to wait three to four quarters to see a turnaround. 'At some point management has to create value for shareholders, not take value away," he says. 'There is going to be money to be made. It's just going to take a while longer."

Those buying now will not be disappointed if they are patient IMHO
Regards

Neil
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