I almost left you guys about a week ago. I wanted to sell my Jakk stock and buy some hich tech goodies, but I pressed the wrong button. I thought I had put in a sell order for 17 1/4, but I had put in a buy order by mistake. I double my shares at 16 7/8, double my shares and lowing my cost, but putting me on margin. Anyway, they started to go up a little bit, so I figured I'd let them ride and maybe make a little money off of my mistake. Lo and behold, when I got back last night, I had made a lot of money!!! I guess I keep them for awhile. I'm staying with you all.Carol
Stick around Carol. . . this is definitely one of those buy and hold stocks. A rare find - solid fundamentals, great management, lots of cash, no debt, tremendous growth AND undervalued.By the way, there is an old adage in gambling (not that this is gambling) that if you give the teller the wrong horse at the window, don't change it. Ride with your mistake. Ride with your mistake Carol. Keith
Carol,if you can be patient, I would stay with this stock until the end of the year. Its hard to say if this recent momentum will stick around in the near term , but I feel confident by the end of the year, the price of this stock will better reflect its revenue and earnings growth. The WWF line is strong, and there is a good buzz about their extreme sports line ( BXS bike toys, motorcycles ) and the joint venture with THQI for the WWF video games is very strong. I cant say we will outperform the high flying tech stocks, but I feel good that this is a strong bet.The toy industry is not very strong right now (Mattel lost money in the last year) but a company which doubles in growth in a years time should be rewarded.JMHO, apeiron
The toy industry is not very strong right now (Mattel lost money in the last year) but a company which doubles in growth in a years time should be rewarded.Agreed. I consider myself a patient sort. I've lumped JAKK in with my "out of favor" stocks like financials and biotech. The market seems to be single-minded most of the time and once the flirtation with high tech valuations is over the other sectors will come back. Jakks Pacific is a solid company. Should be a leader once the talking heads on CNBC proclaim that it's "A-OK to buy low-tech" again.Tellorn.
I've decided to stay on for awhile and have been richly rewarded. I have a few other low tech investments that are also doing well. I'm in the grandparent stage so I don't know too much about toys, hopefully you guys will keep me informed.I persoonally see nothing wrong with low tech as long as the company has good leadership, high margins, and good growth. BTW, does anyone know if there was some kind of upgrade or something today, or has the rest of the world just realized that JAKK is a steal.Carol
BTW, does anyone know if there was some kind of upgrade or something today, or has the rest of the world just realized that JAKK is a steal.Looks like this is at least partially due to the market in general roaring back to life. But I hope that this is a good sign for JAKK. I for one am willing to just hold my nose and hold the stock through the tough times. As long as the fundamentals stay strong, why sell? It may not be another Qualcomm, but it's a good holding.TellornKeeping the faith...
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