– Company underlying business is undervalued. – Channel checks indicate Licensed and Organic brands are seeing strength. – At least two companies are circling the company with take-out talks in the high 20s. – Management won’t entertain an offer unless it’s significantly higher. – Supply chain intact. Management are grizzled operators and veterans of industryContinue reading “Skilled Cat reiterates Jakks Pacific $JAKK on a Green Xmas…”
Skilled Cat Enterprises is initiating JAKK’s Pacific (JAKK) with a Stong Buy recommendation and a one year price target of $20. After discussion with management, we forecast continued strength in the name and industry. We’re also impressed with management’s growth initiatives.