Mattel (MAT) will announce another toy recall, this one involving 775,000 products which have too much lead paint.
After heavy criticism from the Consumer Product Safety Commission for putting out information on defective products later than regulations allow, Mattel is making this announcement with the CPSC. Perhaps they can avoid being sued or fined by the government.
The closer that company gets to recalling every toy its ever sold, the further the stock moves down below $22, off its 52-week high of $29.17.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.