Mattel (MAT) Names A New CEO, Is It Still 43% Below Fair Value?

Mattel (MAT) is heading into the crucial holiday stretch with a major leadership shakeup. CEO and chairman Ynon Kreiz will exit on October 2, and board member Roger Lynch will step in as his successor. Mattel’s leadership change lands on a stock that has just rallied hard in the very short term, with a 1-day share price return of 18.8% and a 7-day share price return of 14.46%, even though the year-to-date share price return is down 24.95% and the 5-year total shareholder return has declined...