RE:SP WeaknessPersonally, I don't attach much credence to Lyle Stein's comments as a Portfolio Manager, having watched him a few times on BNN. It's easy to make comments like " smart money thought ahead" and justify a drop in share price, when the portfolio manager does not own the company or probably missed the investment opportunity.
Volume today was low and obviously was a reaction by some retail investors.
Complaints about some of the units are not unusual in toys industry when an enormous numbers are mass produced. Today's news about Hatchimal just caught media attention as the toy is so popular and is talk of everyone this Christmas season.
Company spokesman was already quoted on BNN this morning as having taken immediate necessary steps like expanding their customer support and assistance for the consumers facing any issues with their toys.
IMHO, nothing has changed with the company and it is simply an opportunity to buy or add to existing position, whcih we did across all accounts, today. GLTA !