A Toy Story for Every Investor as Consumer Spending Impresses Economists: Wild Craze Inc., Mattel Inc., Leapfrog Enterprises Inc., and Hasbro Inc.
by PR Newswire
NEW YORK, February 26, 2013 /PRNewswire/ --
PremierEquityReports.com provides investors with quality research and analysis on the top U.S. equities on the move and today issues a report on active toy companies: Wild Craze Inc., Mattel Inc. (NASDAQ: MAT), Leapfrog Enterprises Inc. (NYSE: LF), and Hasbro Inc. (NASDAQ: HAS)
Consumer spending makes up approximately 70% of the United States' economic activity. And so far this year, consumer spending data has impressed economists. Steven Wieting of Citigroup said, "The hard data we follow as economists has held up better than we thought."
January auto sales rose 14% from a year ago, gasoline sales up 2.8%, and retail sales rose 0.1% in January to a pace of 4.4% above last year. That includes a 6.5% gain from last year's spending on restaurants (a highly discretionary purchase). Retail sales for the first two weeks of February rose 2.8%.
After seeing better than expected consumer spending figures, Premier Equity Reports is issuing this report on the following toy companies:
Wild Craze, Inc. CEO, Justin Jarman, believes their Snap Tagz product could become the next global toy fad. The Company presented Snap Tagz at the 110th American International Toy Fair where 33,000 toy industry insiders from 100 different countries gather to get a glimpse of the next 'must have' kids' toy. According to the Company, Snap Tagz was a huge hit with several major retailers.
For the most recent headlines and charts for Wild Craze, go to:
Wild Craze, which trades on the OTCQB, has also announced an asset purchase deal to purchase toy related assets of Crescent Moon Holding, LLC doing business as Wild Creations.
To read all the latest headlines issued by Wild Craze Inc., go to:
Mattel Inc. (NASDAQ: MAT) released financial results for 2012 showing many increases across the board. North America and Canada's gross sales were up 2% and International gross sales increased 4%. Operating income in 2012 increased to $1.04 billion from $1.02 billion a year ago. Mattel is also on track this year to deliver a 16% increase in total dividends from 2012.
Mattel is opening the doors to their legendary Barbie® Dreamhouse® brand. Two life-sized houses complete with pink elevators and dazzling diamond displays will be unveiled in South Florida and Berlin, Germany in March 2013. The Dreamhouse® made its debut in 1962.
Read the entire press release issued by Mattel Inc. (NASDAQ: MAT) here:
Leapfrog Enterprises Inc. (NYSE: LF) CEO, John Barbour, has the Company jumping into foreign languages as he expects huge growth in foreign markets. Leapfrog has $120 million in cash, net global sales of $581 million, and is trading at 1.07 times sales. At $9.00 a share, Leapfrog is also trading just over 6 times cash flow with a .35 peg ratio.
Leapfrog was honored at the 13th Annual Toy Industry Association Toy of the Year (TOTY) Awards ceremony held in New York earlier this month. Their LeapPad2 received the inaugural "People's Choice Toy of the Year" and "Educational Toy of the Year" awards.
Read the entire press release issued by Leapfrog Enterprises Inc. (NYSE: LF) here: http://finance.yahoo.com/news/leappad2-wins-top-awards-toy-150400409.html
Hasbro Inc. (NASDAQ: HAS) is paying nearly a 4% dividend. The Company will also be looking to cut their workforce by 10% in attempt to achieve $100 million in savings.
The Company announced that big things are taking shape this year for their PLAY-DOH brand. Hasbro introduced a new compound, PLAY-DOH PLUS, that allows for a new level of creative detail in PLAY-DOH play. The brand will also launch Color Sticks, a new collection of colorful, 1oz. individually wrapped PLAY-DOH compound.
Read the entire press release issued by Hasbro Inc. (NASDAQ: HAS) here:
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