Dividend.com: Valmont Beats Again

BB&T is not recommended at this time, holding a Dividend.com DARST Rating of 2.8 out of 5 stars.

Mattel Shares Rally Depsite First-Quarter Loss

Shares of Mattel(MAT Quote) are up nearly 11% in late-morning trading, despite the company reporting a first-quarter loss of $51 million, or 14 cents per share, compared with a loss of $46.6 million, or 13 cents per share, a year ago.

The company said revenue fell 15% to $785.6 million from $919.3 million last year, and slightly below analyst expectations. Sales of Barbie fell 5%, with the strong dollar adding to the weaker results.

Management said retailer inventory reductions also hurt sales, but the company has made good progress on several strategically important fronts, and will continue to manage costs and expenses in light of expected revenue challenges.

We had removed shares of MAT from our "Recommended" list on Oct. 6, when the stock traded at $17.53. The company has a 5.76% dividend yield, based on Friday's closing stock price of $13.03. The next area of technical support for the shares are in the $9.50-$10 price area. If the shares can continue today's rebound, we see overhead resistance in the $16.50-$17 price range. We would remain on the sidelines for now.

Mattel is not recommended at this time, holding a Dividend.com DARST Rating of 3.2 out of 5 stars.

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