The Worst Mistake Hasbro Investors Can Make Right Now
Leading toymaker Hasbro (NASDAQ: HAS) is trading 40% below its 52-week highs right now. Investors were unimpressed by Hasbro's first-quarter earnings report in April, and the COVID-19 crisis weighed heavily on the company's near-term business prospects.
I don't think that the company behind Transformers, My Little Pony, Monopoly, and Magic: The Gathering is a slam-dunk buy under these circumstances. The future of toys and games is too murky for that. But I do expect Hasbro to achieve a full recovery from the coronavirus selling stampede, and it would be a huge mistake to sell your Hasbro shares today.
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Source Fool.com
