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OK, I did spot one thing, but doubt the market is thinking about it.

For the last two quarters, JAKK has seen a big bump in receivables and a decrease in payables, impacting significantly on cash flow. They've also been cashing a lot of marketable securities, perhaps as a little cosmetic repair to the cash flow statement.

I noticed that too. Basically, JAKK went from a long string of flow ratios of near 1.0 to ratios of 1.7 for the last two quarters (or thereabouts - I don't have the numbers right in front of me). That's quite a jump, but because they have been historically pretty good about managing their money I'm assuming that this is a short-term anomoly. My understanding is that Pentech wasn't managing things very well, and that this has been reflected in JAKK's current numbers since the acquisition. If this is the case, I don't think this will be a long-term thing at all.
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