Mattel's Turnaround Toy Story Is Working, But Will Investors Buy It?
Mattel(MAT) Forbes·2024-07-24 17:28
Mattel's stock jumped today, one day after reporting second quarter earnings, and two days after a ... [+] possible buyout offer was reported. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)AFP via Getty ImagesMattel delivered new evidence in its second-quarter earnings report that its turnaround plan is working. But the boost in the company’s stock today most likely is a reaction to a rumored buyout attempt, rather than Mattel’s performance.Mattel’s stock was up more th ...