This is a fascinating toys company that is now turning the corner toward profitability.
MB just released their Q1 results: sales are increasing and profit is improving. Mega Brand is not out of the woods yet but normally Q1 is not the leading quarter and i expect that Q2 and Q3 will be much much greater especially with their new licensing deal with Mattel where Mega Brand will create products under the Barbie and Hot Wheel brand.
The stock has been hammered this year and i expect a good leg up toward the 8$ mark.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the PLAY OF THE DAY on Twitter: @investman2
MB just released their Q1 results: sales are increasing and profit is improving. Mega Brand is not out of the woods yet but normally Q1 is not the leading quarter and i expect that Q2 and Q3 will be much much greater especially with their new licensing deal with Mattel where Mega Brand will create products under the Barbie and Hot Wheel brand.
The stock has been hammered this year and i expect a good leg up toward the 8$ mark.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the PLAY OF THE DAY on Twitter: @investman2
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