Why Hasbro Stock Is Still a Buy After Death of CEO Brian Goldner
Just days after announcing that Hasbro (NASDAQ: HAS) CEO Brian Goldner was taking a medical leave, the company on Tuesday announced his death. Goldner had been undergoing medical care following cancer treatment in 2014.
Goldner was recognized as a visionary in the industry, and especially at Hasbro. While his passing means that Hasbro will be undergoing a transition in leadership -- previous lead independent director Rich Stoddard is serving as interim CEO -- Goldner's moves in recent years have the company heading toward a bright future.
Hasbro is currently executing its brand blueprint strategy, where the 2019 acquisition of Entertainment One (eOne) will play an important role. Despite promising growth initiatives underway to unlock more value across Hasbro's brands, the stock price is down about 10% over the last few months and offers an attractive dividend yield of 3.1%. Here's why Hasbro is still a great investment at these levels.
Source Fool.com
