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.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.