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To: Esway who wrote (22049)2/3/2000 6:50:00 PM
From: DanZ  Read Replies (1) | Respond to of 53068
 
MAT.

There's plenty of news on MAT after the close today. They reported a fourth quarter loss of 4 cents per share versus the mean estimate of 26 cents per share profit. The CEO resigned, restructuring charges to come in quarter 1, The Learning Company was a drag on earnings again. The only bright spot was that the Mattel core brands did well in the fourth quarter. I still think that this is a good long term investment because I think that Mattel management will either sell TLC or turn it around. The stock has support at about 10, and based on the after hours trading, it will probably test that tomorrow. It might be good for a flip, especially if it successfully tests 10 and bounces.

Dan