Manufatura de Brinquedos Estrela owns some of Brazil’s most deeply ingrained toy brands — Falcon, Autorama, Genius, Ferrorama — yet one bad year would wipe out its owners’ stake four times over. The company posted a big accounting profit in its latest twelve months, but that number hides a business that is burning cash, shrinking, and technically insolvent. Full nameManufatura de Brinquedos Estrela S.A. Tickers / exchangeESTR3 / B3 (São Paulo) HeadquartersSão Paulo, SP, Brazil SectorConsumer cyclicals — toys, books, cosmetics EmployeesNot disclosed in available sources Market valueR$25.95 million (US$5.08 million) Yearly …
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