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Russell 2000 Futures
Hasbro, Inc. (HAS)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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485 reactions on $HAS conversation
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Deal with Netflix on several IPs
Hasbro subsidiary Wizards of the Coast is one of its greatest gems, great company.
This is a slow and steady company. You wont be disappointed to hold at long term.
Rest In Peace Brian, you were a great CEO and you will be missed. I hope the team can make your life long dream of a entertainment giant come true.
I will wait until they warn on supply chain issues and then swoop in an buy!
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Hasbro is up 5.18% to 93.08
The supply chain issue is old news. Soon the ships/trucks/logisitics situation will get fixed. Hasbro beat expectations in Q2 despite all that. Wages are higher, America is ready to spend for this coming holiday season with their boosted savings. The demand is strong. Love this Sept/ Oct overreaction at $90.
good chance to add to position here! 90 is cheap
Just remember, alot of 'oil' goes into their products.
Only down 0.3% after hours. Market doesn't seem think it's much of a loss.
Brian Goldner, CEO, has passed away. SHORT IT
Blank Check Equity LLC
Bullish article by the Motely Fool this morning on HAS. Says it's undervalued and should be a core holding.
GOING TO ROCK ON NEWS ON MONDAY
Bought a little has before shipping cost and availability became a issue. Will this impact Christmas so bad that HAS price could drop a lot. Worried that this could be a big issue for HAS.
Target Lowered by Truist Securities Hold USD 105 » USD 100
Maintains D.A. Davidson Buy USD 128 » USD 140
They surpassed their earnings report and showed growth from last year. This is despite lockdowns halting their typical kids movies to promote their toys.
With reprints of MTG cards, Hasbro is basically printing money... and not just money, but $20 and $50 bills in card-form! MTG and DND are massively recognized games, likely to grow and remain in popularity perpetually. This is an odd intersection of gambling, esports, nostalgia, fantasy... and entertainment. The characters, worlds, and stories have tremendous long-term potential. I see Hasbro's DND and MTG offerings as future Star Wars / Disney-type multigenerational entertainment.
I am surprised that the stocked reacted to the eps impact to 2020. The acq of eOne is a strategy you can best understand if you watch the episode re: Teenage Mutant Ninja Turtle on “They Toys that Made Us” available on Netflix. Having an entertainment production company is an engine for predictable and growing toy sales. Children see toys as avatars for something they can form an emotional connection and TV provides that through the story lines and character development. Ninja Turtles was an adult graphic comic, that a toy maker wanted to bring to life, but how to introduce it to children. They created the whole cartoon to sell the action figures. May have seemed organic but was engineered demand. Same with Paw Patrol today - a cartoon that is one long ad for toys. And it works. And is not a bad show, as a parent I like it, it’s better than most teaching positivity and I don’t knock it just because it’s trying to sell toys. Point is eOne is going to supercharge and make sales more predictable based on rating and market info. I bought based on the acq and am down big in a down market and I am a hold on this. Strong conviction in the model and management was trying to explain what a jewel eOne is going to make the new Hasbro. Analysts were concerned about slowing growth, not achieving as high return on investment - these questions show that they don’t understand how the landscape works and what Hasbro is planning on a holistic level.
Earnings beat expectations... Not by huge amount, but respectably.
Hasbro Reports Third Quarter 2020 Financial Results
•Third quarter 2020 revenues were $1.78 billion, down 4% on a pro forma basis
•Revenue grew 9% in the U.S. and Canada segment and 7% in the European region; revenue grew 50% in ecomm channels globally
•eOne TV and Film revenue decline reflects entertainment delivery delays due to live-action production shutdowns and the ongoing, gradual return to production
•Operating profit of $336.6 million or 18.9% of revenues; Net earnings of $220.9 million or $1.61 per diluted share
•Adjusted operating profit of $367.2 million or 20.7% of revenues, an expansion of 230 basis points year-over-year
•Adjusted net earnings of $258.9 million, or $1.88 per diluted share
•Substantial liquidity and access to cash, including quarter ending cash of $1.13 billion and year-to-date operating cash flow of $494.3 million
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