More Upside In Mattel

A couple of days ago, I read an article on Investorplace about Mattel, titled,

Here’s Why $15 Looks Like A Top In Mattel Stock.

Overall, the pathway to restored profitability and top-line growth is gaining visibility. This boost in visibility explains the big pop in hugely beaten up MAT stock.

But, this post-earnings pop is overdone. At current levels, a Mattel turnaround over the next several years is already priced in. The stock is overbought and fully valued, and the price tag doesn’t seem to price in enough execution risk.

But, in the big picture, this was a $9 stock at

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