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.