Trump Plays Games With China, and Hasbro Loses
The executives at toy maker Hasbro (NASDAQ: HAS) have been strong on strategy when it comes to the things they can control. But even the company that makes Monopoly can't do much when world leaders flip the macroeconomic board over. Hasbro missed on profits and revenue for its latest quarter, and as you'll hear in this segment of the Oct. 25 Motley Fool Money podcast, the reason is the trade war. Host Chris Hill and analysts Jason Moser and Ron Gross discuss why tariffs that haven't even gone into effect yet are wreaking havoc and causing ripples from suppliers like Hasbro to retailers and back again. They also review Hasbro's fundamentals, and applaud one strategy in particular that has been paying big dividends for the company.
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Source Fool.com