Entering August, the bear market looks destined to continue, especially with inflation remaining high and the U.S. economy contracting for a second straight quarter. Although the company has an uncertain future, its strong partnerships with key players in the industry shouldn't be overlooked and make this a safer stock than it looks to be at first glance. But even in an inflationary environment, Mattel's relatively low-priced toys are proving to be resilient and could make this a safe stock to be holding.