Mattel stock plummeted overnight and today on news that Q1 losses were worse than the company expected. It’s kind of like you told your parents you were getting a B+ in Geometry and you came home with a C-. Somehow it’s much worse because your parents think you are clueless or lying. In this case, Mattel anticipated a loss of 17 cents a share and came home to Wall Street with a loss of 32 cents a share.
The American Girl brand was down 12%, and I think I know some people who may have contributed to that 😉
The stock is trading at a 52 week low (it means the stock is selling for the lowest price in the last 52 weeks).
You can read for yourself on CNBC http://www.cnbc.com/2017/04/20/mattel-reports-first-quarter-earnings-2017.html but I liked this story http://www.wtae.com/article/mattels-stock-plummets-as-barbie-american-girl-dolls-fail-to-sell/9540098
Not impressed that the Mattel CEO has a background with Discover Card and also Groupon.