*LOL*
Hasbro sell off a property?
As a former stockholder with Hasbro and as someone who actually had the opportunity to attend their general stockholder meeting back in the 90s, I disagree with joe's argument.
Hasbro simply won't sell a property it owns. This is just not done. They'll shelve it and keep it.
Well, for the record, they do:
Hasbro to Miss Estimates, Sells Interactive, Games.com Units TheStreet.com December 6, 2000 Wednesday
Copyright 2000 TheStreet.com, Inc.
TheStreet.com
December 6, 2000 Wednesday
SECTION: STOCK NEWS; Manufacturing
LENGTH: 275 words
HEADLINE: Hasbro to Miss Estimates, Sells Interactive, Games.com Units
BYLINE: By Ilan Tsapovski, Editorial Assistant
DATELINE: December 6, 2000 6:27 PM ET
BODY:
Hasbro (HAS:NYSE) expects earnings for the fourth quarter and full year to fall below analysts' expectations and set plans to sell its Hasbro Interactive and Games.com units.
and another:
Hasbro agrees to sell its make of miniature racing cars Providence Journal-Bulletin (Rhode Island) May 20, 2000, Saturday,
Copyright 2000 The Providence Journal Company
Providence Journal-Bulletin (Rhode Island)
May 20, 2000, Saturday, All EDITIONS
SECTION: BUSINESS, Pg. 10F
LENGTH: 261 words
HEADLINE: Hasbro agrees to sell its make of miniature racing cars
BYLINE: LISA BIANK FASIG; Journal Staff Writer
BODY:
Hasbro Inc. has agreed to sell off its Winner's Circle brand of miniature race cars to a Phoenix company, part of the toy maker's broader plan to focus on the core brands that bring the largest return on investment.
Every company sells assets when it would make them more money to do so.