Posts Tagged ‘Wall Street’

Shares of Mattel Inc. have not only climbed more than 5 percent during trading today.

Not only did Mattel Inc, announce Q4 earnings, and their 2011 Full Year Earnings, they biggest news was the announcement of a $0.31 Q1 2012 cash Dividend.

Mattel, Inc. – Manufactures, Designs, and Markets a broad variety of toy products on a Worldwide Basis through there sales to customers, and directly to consumers. Operating in two segments Domestic, and International. Portfolio includes Barbie fashion dolls, and accessories, Polly Pocket, Disney Classics, and Hot Wheels, Matchbox, Tyco, and WWE Wrestling products.

Mattel’s Q4 Earnings announced an increase in net sales by 1 percent Worldwide from the previous calender a year ago. Sales jumped 5%.

Top Products

Barbie – 6 Percent Sales Gains

Hot Wheels – 11 Percent Sales boost.

Overall

As we are now finishing up the First Month of the 2012 calender year, there is no questions that overall Mattel Inc, had one heck of a 2011 year with Worldwide sales increasing 7%, and International jumping 12%.

What You May Want to KNOW!

Some people complain and say that when a company is repurchasing shares of there own company it may be bad, and some other to suggest that obviously the company feels there stocks are vary undervalued and would rather reinvest money into themselves rather than another company. It has been reported that back in 2011 Mattel Inc. repurchased 20.4 Million shares for upwards of $536 Million.

Currently I have Mattel Inc – (NASDAQ-MAT) a BUY/HOLD Rating. As the 52 week High has just been broke it is clear Mattel Inc, will touch new highs. I could see Mattel Inc, climbing to 33-35.00 a share over the coming weeks ahead. Not only are they an attractive buy with dividend increase. If you want to add a Value Investment with over a 3% Yield this might be a company to add to your Watch List. 

Currently I do not own any Shares of the above talked about investments and have no plans to make a position within the next 3 trading days.

The Goldman Sachs Tower - Jersey city, NJ.

Image via Wikipedia

With the U.S. Government wanting to do an internal investigation into the financial crisis, and Goldman Sachs (GS) I expect financials to take a major hit over the coming days and weeks ahead. Goldman Sachs CEO Lloyd Blankfein has decided to take it into his own hands and hire Reid Weingarten a highly known attorney of who represents clients in high profile cases of whom are believed to of done some type of corporate wrongdoing. With Lloyd Blankfein taking it into his own hands to hire a lawyer it is obvious that there could be a potential push to investigate the firm as well as its executives on criminal grounds.  When the news was released that Blankfein had hired a lawyer, Goldman shares closed down $5.25 (4.7%) to $106.51. In the after market stock continued to drop $1.27 (1.19%).

Goldman Sachs of which is one of the most known names on Wall Street has been in the news, and under distress since the financial crisis because of their record profit this year. Profit of which was generated during some of the worst of times for all of the economy. So far all the investigations have not involved criminal charges, and have all settled without Goldman having admitted to no wrongdoing.  Something to note is almost 1 year ago Goldman paid $550 million to Securities and Exchange Commission to settle the charges that it helped create low-quality mortgage backed securities of which they had knowledge that they would fall in value.

What I think gets me the most is the fact that it has TAKEN this long for government to look into everything. When I say this, meaning Goldman Sachs is not the only ones of who need to be under investigation. All the major Banks including (J.P and Morgan)(Bank of America)(Wells Fargo) just to name a few. Not only were they all involved in the reason for the Crash of the Market in 2008 but they were all the ones who allowed this to happen. Just watch “The Last Days of the Lehman Brothers”  Not only did these banks take the money from the government in 2008 but they completely used it against the USA and us the PEOPLE to SCREW US! Now the BANKS control Everything and it is about time for them to take the blame for what they did and put the ones of who were involved in it into prison.

I expect that the coming days ahead will be vary big! Especially in the Financial Sector. If there is any news that breaks of Goldman (GS) admitting to wrong doing, CEO Lloyd Blankfein may have to tell them what he really knows. Meaning he may announce news of which could involve other Banks!  Imagine if all these banks get investigated and are found guilty.
Currently Goldman Sachs (GS) is a Complete SELL SELL SELL. It would not surprise me if we see Goldman Drop into the Low $90.00 by the end of today. Personally I would stay away from all Financials. I expect a SELL OFF of all major Banks until this matter gets handled.

Disclosure – Currently do not hold a position, nor plan to hold a position in Goldman Sachs or any other Financial Sector within the next 3 trading days. Some of the information of which was used for this post can be found at http://www.latimes.com/business/la-fi-blankfein-goldman-20110823,0,2783618.story