Did Jim Cramer Nail All These 9 Stock Predictions?

6. Mattel Inc. (NASDAQ:MAT)

Number of Hedge Fund Holders: 25

Mattel Inc. (NASDAQ:MAT), a legacy toy company with global brands like Barbie and Hot Wheels, was discussed following its earnings report. Cramer focused on margin improvements and upcoming entertainment initiatives, though he struck a measured tone. He indicated interest in the stock under certain price conditions, showing cautious optimism back then. Here’s what he said:

“What’s it going to take for Mattel to break out of its trading range in the high 10s to low 20s it’s been stuck there for over 3 years now a blockbuster Barbie movie couldn’t do it, although certainly management explains that overall sales continued their post-pandemic downturn while the toy maker had to deal with cost pressures. But maybe tonight things changed. Tonight Mattel reported what I call mixed quarter. Real question knows whether Mattel can return to growth mode. […]

[Talking to the CEO] One of the things that is absolutely certain is that this was a quarter where you had significant gross margin expansion, you’re making a ton of money. Now can you make even more money? I want to put this right but if the sales don’t have the growth but maybe we shouldn’t care for now? I mean I don’t know what to do; you’re buying back all the shares you’re making a lot of money, but people love growth so what do we do? […]

What can I say I got to see it with my own eyes. That would be the trigger for me to think under 20 you got to buy it.”

Mattel shares have been beaten down over the past 12 months, dropping 17.78%.

But Cramer still sees hope for the stock. Here are his comments on Mattel Inc. (NASDAQ:MAT) from February this year:

“When you go on to Costco, and you go on to Amazon, you find that there’s a lot of products that are being commoditized. But you can’t commoditize Barbie, David. Not a chance. I want you to know that. And they have a lot of movies coming it . . .they’re buying back stock furiously.”