Hasbro (Nasdaq:HAS) is about to release earnings for the games business. This one has the Christmas numbers. The stock is way off the Dec 1 peak which is very annoying. Ponder the Bear Case Scenario as you listen to management comments.
Retailing for games is increasingly concentrated with Wal-Mart, Target, and Toys R US. This concentration creates a strategic power shift leaning away from Hasbro.
The trend is toward electronic games and Hasbro has nothing serious in this category. It may be too late.
Hasbro has not captured too many cool toys for licensing. The other guys are becoming stronger and stronger.
George Gutowski writes from a caveat emptor perspective.