Why Baby Yoda Might Be a Reason to Buy Some Hasbro Stock

If you've been watching The Mandalorian on Walt Disney's (NYSE: DIS) streaming service Disney+, "Baby Yoda" needs no introduction. Or if you haven't, there's still a good chance you've been made aware of the viral character thanks to a meme, GIF, random conversation, or even your local news station. The character (not actually Baby Yoda, but the name has stuck) has stolen the hearts of many, and fans everywhere have been disappointed by the lack of merchandise featuring the tiny green creature thus far.

Not to worry, because Disney's licensed toy maker, Hasbro (NASDAQ: HAS), is coming to the rescue. Preorders at retailers are now being taken for noise-making Baby Yoda plushes and collectible figurines, though they won't ship until May 2020. That could be a long time to wait, but as the saying goes, absence makes the heart grow fonder. The delayed release -- which incidentally is also months after season one of the show concludes -- could cause some serious pent-up demand.

With green dolls are on the way, sales could be huge, and as an investor always on the lookout for a deal, that has me eyeing Hasbro and the stock's pullback follow the company's third-quarter results.

Source Fool.com