HASBRO INC : Hasbro remplace Marvel pour moi :

robert-d

19 sept. 2009 •12:35

j'ai arbitré pour HAS car MVL est racheté par Disney.

voici un CC d'un forum US de juillet dernier ,qui résume le bien que je pense de HASBRO :
(à titre d'investissement long terme : 5 ans au moins, sauf...)

"

Besides the fact that revenues increased (mildly) and HAS beat analyst expectations, here are the most substantial takeaways that I interpreted from the webcast this morning:

1. Amortization Expenses related to the Discovery JV are going to be less than anticipated -- 2009 dilution will be $.15-$.20 (earlier estimates were at $.25-$.30), and 2010 dilution will be $.25-$.30 (earlier estimates were at $.30-$.35). The major contributing factors are due to better interest rates (and hence lower financing costs), a longer than expected useful life for some of the assets considered, and the fact that more assets will be attributed to goodwill than previously anticipated.

2. Transformers continues to be a strong performer and as the company's "megabrand", it should help push revenue growth for G.I. Joe and the other upcoming products.

3. HAS provided a general time-frame for its movie releases with Universal: in 2010 Ironman 2 and ToyStory are expected to come out, and in 2011 at least 4 blockbusters are scheduled for release (among them Spiderman, Captain America, and Stretch Armstrong).

Considering the upcoming movie releases, the JV with Discovery, EA/HAS digital games, and the continual potential for movement in games/puzzles, Hasbro seems set for strong growth over the next 5 years.