Looks like someone liked the call!
so strange absolute silence here re: JAKK earnings....
Cheers Everyone ! Nice to see the stock go in the right direction on earnings!
My guess is that today's research report will comment. Also, I listened to the replay of the con call and they did a much better job than in the past. The CFO handled most of the questions pretty well and some of them weren't easy like calculating the outstanding shares on the fly and the inventory comps. The bullish bit there for me was the discussion and questions regarding the fall/holiday line up of new toys promised and the very adept answer regarding Disney's commitment to Frozen. I would suggest that all listen to the call particularly the Q&A. Transcript link: https://finance.yahoo.com/news/edited-transcript-jakk-earnings-conference-184810039.html Audio replay link: http://www.jakks.com/investors-overview.html
Great news on the Oppenheimer coverage and PT of $15 PPS. He covers Hasbro and Mattell. Nice to see !
Anyone know when they next report? Further, does anyone know if they had any big sellers over the holidays? In light of MAT s earnings and recent stock movement I'm currently holding my JAKK and wishing for a similar move post earnings.
I'm no analyst but the headlines look bad. Any thoughts?
Another torpedo hits the SS PTT based on JAKK's earnings grossly missing the mark. Revenue up, earnings down but expenses up. Have not dissected the earnings reports but while the future might be higher the opportunity cost of holding an longer is surely negative. I would suggest heading for the door. I am selling my last position and looking for greener pastures.
ouch: JAKKS Pacific, Inc. (NASDAQ:JAKK) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of ($1.00)-($0.90) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.50) Based on nothing but my own personal history with JAKK, I could see it hitting in the low 5s after this, maybe lower. That based on, in the past, actual decent earnings, hitting or barely missing the mark resulting in the stock tanking. OTOH, stocks tend to do exactly the opposite of what I think they are going to do, so look for a nice rebound in the next few weeks to the high 7s, based on that history......
And it may rise from the grave anyway as the 6.25 area has been support. Keep an eye on the chart as resistance it a approx. 7, 8, 9 and then 10. Could make a few quick trades not that we are past earnings. cheers, Kurt
Plus they are profitable, have a very low EBITDA/EV, guided +28% earnings for the year and buying back shares. On the surface (especially if I ignored the ticker symbol and stock history), it would seem like a good play.
> @Gregory > TOH, stocks tend to do exactly the opposite of what I think they are going to do, so look for a nice rebound in the next few weeks to the high 7s, based on that history ahh if only I had the balls to follow my counter-instincts.....
Haha, sometimes I think about going full Costanza and doing the opposite of my instincts with stocks.