Delayed TV Production Dents Hasbro Again In Q3 2020
Hasbro (NASDAQ: HAS) stock has been on an emotional rollercoaster this year. Toys and other entertainment tend to underperform during recessions, and the stock lost over half its value early on in the pandemic. But a big rebound came fast as it became clear this was no normal recession -- toys and games have been in high demand during the economic lockdown.
That trend continued during the summer months. But TV production is still delayed at the Entertainment One (eOne) property, acquired in the final days of 2019. This issue is keeping a lid on a full-blown Hasbro recovery, but it is making a return to growth in 2021 a solid possibility.
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Source Fool.com
