HASBRO Share Prices 'Locked In'

HASBRO Share Prices 'Locked In'

Tuesday, July 15th, 2008 9:18pm CDT

Category: Company News
Posted by: First Gen   Views: 5,953

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Zacks.com, a stock analyzing website, has reported on HASBRO Inc. (HAS NYSE) and its financial status prior to the announcement of second quarter results. Share prices will be locked in due to strong growth over the past year.

According to the report, HASBRO's "strong product line-up and lucrative product association with motion pictures" has kept the going price of shares steady to increasing. Due to increasing economic strain, they predict only moderate gains for HASBRO through the year 2009, but a significant "customer concentration" continues to propel HASBRO shares.

Currently, HASBRO is trading at 16.4 times the estimated Earnings Per Share of $2.13 USD that Zacks.com had placed for the 2008 year. They credit this to strong consumer support and the fact that HASBRO had very few recalls during the 2007 fiscal year.

To view the complete report, click here.

Credit(s): Yahoo! Business, Zacks.com

This article was last modified on Tuesday, July 15th, 2008 10:12pm CDT

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