In today’s video, I look at the new partnership that Hasbro (NASDAQ: HAS) has with Roblox (NYSE: RBLX). After the partnership’s announcement, Roblox’s stock price was up over 9% for the day, while Hasbro was only up 1.7%. Investors are more excited about Roblox, but I believe Hasbro is the real winner here. It was a great move by management.
Two reasons to watch Hasbro:
- Hasbro is not an exciting growth stock like Roblox, but it provides investors with solid earnings, cash flow from operations, and a dividend.
- In my opinion, the style of this partnership is one that Hasbro can replicate with other popular online games, driving more attention to Hasbro products.
Click the video below for my full thoughts.
*Stock Prices used were the midday prices of April 13, 2021. The video was published on April 13, 2021.
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Jose Najarro has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Hasbro. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.