Mattel: Still in the Game
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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