Fitch Ratings: Hasbro stock goes from 'Stable' to 'Good'
Posted by First Gen
Jul 3, 2008 at 8:15pm CDT
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After review of the current stock state, they have upgraded there official rating of the company from stable to good.
According to the report Hasbro's revenue continues to grow and stated that "the company has positive operating trends and a 'strong lineup of activities for the next several years with licensees and theatrical releases to support its brands.'"
Seibertron.com has already reported on the dividend payouts that stock holders are set to receive and also the public webcast that will be held in the coming weeks anouncing the TRANSFORMERS creator's quarterly report. And with HASBRO's new CEO Brian Goldner stating that he plans to elevate the brands that HASBRO markets into other ventures of entertainment, this really comes as no surprise.
HASBRO Inc. shares rose $0.41 to $34.89 in afternoon trading.
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