Etch A Sketch's Stock Soars on Romney Aide's Gaffe (Up 141% in one day)

CNBC ^ | 3/21/2012 | Christina Berk

[AdamBomb]

Eric Fehrnstrom, Mitt Romney's senior aide, is probably regretting his now infamous "Etch A Sketch" remark, but the folks that make the toy, Ohio Art sure aren't.

AP | Getty Images | Photo composite Mitt Romney drawn on an Etch A Sketch --------------------------------------------------------------------------------

Ohio Art's [OART 0.00 5.65 (+141.25%) ] shares, which trade over the counter in thin volume, soared well over 100 percent on Thursday and at one point reached a 52-week high.

"It kind of caught us by surprise," said Larry Killgallon, president of Ohio Art, the manufacturer of the Etch A Sketch, in an interview with CNBC.com. He came back from a trip to Chicago to be greeted by a deluge of emails about the incident

[AdamBomb]

Drudge Headline “Pressure Mounts for Rick to Quit”

[gov_bean_ counter]

Romney's run for the presidency effectively ended yesterday. This screw up is going to dog him for the rest of the campaign, simply because of the visual it created.

[Berlin_Freeper]

Rick could get a Magic 8 Ball.

[AdamBomb]

I like it.

Too bad Mitten’s advisor didn’t say this earlier.

[Netizen]

Once they stop buying them for political and comedic props they’ll flat line again. After five minutes its a boring toy.

[AdamBomb]

They’ll hand them out at Every Obama campaign stop now through November.

This will dog Mittens badly. There is some irony in using the word dog.

[Buckeye McFrog]

Yes, it is a very powerful visual.

Plus the fact that Ohio Art moved Etch-a-Sketch production to China ten years ago (which is only going to further feed the anti-free trade/OWS case against Romney)

[Buckeye McFrog]

Lesson of the Day: Do not hire idiots, blabbermouths or saboteurs to work in your campaign.

[lonevoice]

This screw up is going to dog him for the rest of the campaign, simply because of the visual it created.

[throwback]

Drudge must be banking those RNC checks because I see he still isn't spending it on capital investment. I hadn't been there in a while, but his web design still looks like some low budget web page from the local hardware store. At least Santorum has a website that looks like it was created in this decade.

[Netizen]

Maybe Santorum and Gingrich should hand them out first. Not that there is any way to stop myth now, but who knows.

[Grams A]

Well BO has been responsible for the increase in the sale of guns and ammo and now Mittens for Etch-A-Sketch. Perhaps this will go down in history as their contributions to our national wealth or their actions created or saved millions of jobs.

[gov_bean_ counter]

Yep, and this is just for starters...

[SERKIT]

[23 Everest]

I’d say that Romney is already helping small business. Way to go!

[Tublecane]

“Is it just me, or does it seem to be crazy to base public policy on a few selected incidences?”

“Gaffe” is a much abused term. It should be restricted to gross errors and oopsies, not anything that can be used against you politically.

[Eagle Forgotten]

Yes, Romney is helping the small business that makes the Etch-A-Sketch.

Only one problem: They’re now made in China. So Romney as a “job creator” is creating jobs in China, boosting the Chinese economy, and increasing our trade deficit.

[23 Everest]

the article said their stock went up. Pensioners, probably all in this country, saw their portfolios improve. You going to complain about that too? ;-(