Mattel: Still in the Game

Standard & Poor's likes the toy giant's international growth and thinks the shares present a compelling opportunity
A special Hot Wheels is seen at the 40th Anniversary of Hot Wheels at the Mattel Showroom on Feb. 15, 2008 in New York Getty Images

We think Mattel (MAT; recent price, 21) maintains an attractive and diversified suite of owned brands (Matchbox, Hot Wheels, Barbie, Fisher-Price) and licensed brands (Dora the Explorer, Diego, Sesame Street, Cars) and will continue to grow international sales and generate strong cash flow. Moreover, we expect it continuing to deliver on these fronts while maintaining a relatively unleveraged balance sheet.

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