Let the Dumpster Diving for Stocks Begin
I am also keeping an eye on toy company JAKKS Pacific (JAKK), which has had a horrendous year. The stock has fallen 40% and the operating results have been dreadful. Just a couple years back, this company had a buyout offer from Oaktree Capital for $20 a share, which it rejected. The stock, now at just over $6, trades below book value. The consensus sees a return to profitability by next year.
Happy harvesting and happy dumpster diving!
At the time of publication, the author was long Premier Exhibitions.Follow @JonMHellerCFA This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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