TSX:TOYLeisure
Spin Master (TSX:TOY) Stock Profit Rebound Faces Questions Over Earnings Quality
Spin Master stock closed at CA$20.58 on July 31 after a choppy week that left investors down about 9.6% over seven days. The market reaction looks cautious, yet the headline from Q2 is clear. The toy maker has swung back into the black with Basic earnings per share of US$0.30 on revenue of US$436.4 million, and management is calling it a return to profitable growth.
Short-term traders see a bruised share price. Long-term holders will focus on whether this profit rebound and stronger cash...