Such as in "Mattel's toy story not a happy one," by Aarthi Sivaraman published today. Talking about the awful decline in the toy market because of the gloomy global economy (way boring...ok we get it, every sector is declining), an analyst noted that the inventory levels at Mattel had risen sharply. Ok, we know too much inventory is bad, it's money just sitting there wasting space and using up capital.
But the “really shocking” aspect of Mattel's results was its inventory level, up 13.3 per cent from a year ago to $485.9 million, said BMO Capital Markets analyst Gerrick Johnson.
“That means things deteriorated much more quickly than they had planned,” Johnson said.
As usual, it's not what happens, it's what you thought was going to happen, and how that compares to what actually happened.
Clairvoyance is key in the world of business!
Aarthi Sivaraman. "Mattel's toy story is not a happy one." reportonbusiness.com. February 2, 2009. http://business.theglobeandmail.com/servlet/story/RTGAM.20090202.wmattel0202/BNStory/Business/home?cid=al_gam_mostview.
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