Unless you've been hiding in some remote cave or maybe at a Starbucks with your pal Bin Laden, then you most likely heard that
Mattel, Inc. (Public, NYSE:
MAT) announced their 3rd major recall of lead painted toys made in China.
This time they are recalling 800,000 toys, including 675,000 accessories for one of the company's biggest sellers, the Barbie doll. Mattel's last recall, announced on August 14th, accounted for around 19 million toys. The toys either had excessive amounts of lead paint or had small magnets that could easily be swallowed by children. On August 1st, Mattel's Fisher-Price division said it was recalling 1.5 million preschool toys featuring characters such as Dora the Explorer, Big Bird and Elmo because of lead paint. That action included 967,000 toys sold in the United States between May and August. Who doesn't like to eat a little lead paint off a Big Bird or Elmo, I know I do?
In June, toy maker RC2 Corp. voluntarily recalled 1.5 million wooden railroad toys and set parts from its Thomas & Friends Wooden Railway product line. The company said the surface paint on certain toys and parts made in China between January 2005 and April 2006 contained lead, affecting 23 retailers.
In July, Hasbro Inc. recalled Chinese-made Easy Bake ovens on reports of second- and third-degree burns to children. It was the second time the iconic toy has been recalled this year.
My friends, its official, it's not safe to leave the house or play with your toys, never leave your bedroom again.
The Masters latest theory, any toy company that has their toys "Made in China" = Short the Stock.
It's that simple. Take out a few short positions, buy a few puts, because all these clowns are going down in flames, just like how you used to set your Star Wars action figures on fire. Of course if you had this Boba Fett figure and didn't paint it or burn it and make your own 'crash-landed-boba' you could sell it for over $1K on eBay.
