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Mattel Shareholders Are Going to Hate This Move From the Company


Mattel Shareholders Are Going to Hate This Move From the Company

Heading into its Q3 results announcement last week, there wasn't much that could go worse for troubled toymaker Mattel (NASDAQ: MAT). The company was coming off two consecutive loss-making quarters, sales were eroding, and a top customer, Toys R Us, recently declared bankruptcy.

Well, guess what? That's right, there was even worse news around the corner. Along with the results release, Mattel also announced that it is suspending its dividend. This move has given investors even more reason to bail out of the stock.

Image source: Getty Images.

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Source: Fool.com

Walt Disney Co. Stock

€82.88
-1.150%
We can see a decrease in the price for Walt Disney Co.. Compared to yesterday it has lost -€0.960 (-1.150%).
With 48 Buy predictions and not a single Sell prediction Walt Disney Co. is an absolute favorite of our community.
With a target price of 117 € there is a positive potential of 41.17% for Walt Disney Co. compared to the current price of 82.88 €.
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