Globe and Mail- Industry Leader- Buying Opportunity The Globe and Mail
January 6, 2017
Friday’s TSX Breakouts: Industry leader’s price weakness creates potential buying opportunity
Discussed today is a growth stock whose recent price weakness may be a buying opportunity for long-term investors. The security highlighted is Spin Master Corp. (TOY-T).
A brief outline is provided below that may serve as a springboard for further fundamental research.
The company
Spin Master manufactures toys, games, and puzzles, and has also branched into the animation industry producing hit television shows such as PAW Patrol. A popular toy this holiday season was Hatchimals, a Spin Master product that was successfully launched internationally on Oct. 7.
Benoit Gadbois, the president and chief operating officer, identified the company’s four main corporate objectives on the recent earnings conference call, “To innovate the core, grow our international sales, create successful global entertainment properties, and identify and execute acquisition opportunities.” Looking forward, he noted, “Overall, our innovation pipeline remains very strong across all of our business segment as we plan our new product offering for the next few years. And of course, we're always looking at what we can do to grow existing brands.