|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||94.22 - 95.60|
|52 Week Range||76.14 - 116.20|
|PE Ratio (TTM)||20.69|
|Dividend & Yield||2.28 (2.40%)|
|1y Target Est||N/A|
Toys ‘R’ Us’ bankruptcy filing has driven up the loan default rate, and it can go higher by year end.
Toys R Us filed for Chapter 11 bankruptcy protection late Monday, and while the news helped bolster the shares of Hasbro (HAS) and Mattel (MAT), Keybanc Capital Markets' Edward Yruma and his team write that it will also be good news for Wal-Mart (WMT) and Amazon (AMZN). Yruma writes that while Toys R Us has obtained financing and plans to try to restructure, he believes it faces "fundamental, structural challenges" that even predate its 2005 leveraged buyout.
Yesterday, Toys 'R' Us finally did what everyone pretty much knew it was going to do: It filed for Chapter 11 bankruptcy. The impact, mostly negative, on toy makers like Hasbro (HAS) and Mattel (MAT) has been widely discussed. Yes, Toys 'R' Us is a big seller of toys, but Wal-Mart is even bigger, while Amazon is right up there too, and growing fast.