Stock Watch: HASBRO "The Best Play in Toys"
Wednesday, October 22nd, 2008 5:14pm CDTCategories: Company News, Digital Media News, Editorials
Posted by: First Gen Views: 33,967
Financial Writer, Glenn Curtis of the Investopedia Community posted an article today outlying why he believes that HASBRO is the best choice when it comes to toy makers. Taken from the article:
Nemesis Mattel (NYSE:MAT) has a long and storied history similar to that of Hasbro, but I think that when it comes down to it, Hasbro is the better play. First, Hasbro managed to beat analyst's estimates by a pretty impressive three cents in the period. Meanwhile, Mattel released its third quarter earnings on the same day, and it earned 66 cents a share, which was five cents below what analyst’s had been looking for.
He then goes on to list all the acheivments that the company has made within the last year and the massive buy back of HASBRO stock that the company invested its money in. He explains that the buy back shows the confidence that the toy manufacturer has with its projected financials which will translate into common stock gains over the next year.
All in all its a great read and you don't have to be an Exchage specialists to understand what he's saying.
Check out the complete article by clicking here.
Credit(s): Glenn Curtis of Investopedia Community