A Rare Opportunity in Hasbro May Now Exist, Jim Cramer Hints
Shares of Hasbro (HAS) - Get Hasbro, Inc. Report are tumbling Monday, down about 9% after an earnings beat and in-line revenue result for its fiscal second quarter.
At times, Hasbro stock gets slammed and it really doesn't deserve to, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Mad Dash" show.
Cramer acknowledged that profit-taking is natural, especially when a stock has been as good as Hasbro. Despite the pullback, shares are still up 32% over the past 12 months and are up about 37% in 2017.
The company has a lot of catalysts coming down the road, much of which will hit in the third quarter, he reasoned. But investors should really listen to CEO Brian Goldner. He will obviously speak on the company's conference call Monday morning, but he'll also be on Cramer's "Mad Money" show on CNBC Monday night as well.
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(For those unable to watch live, check back on TheStreet, where a nightly recap will be posted; it's also published in the free Booyah! Newsletter).
Goldner often tells a better story than what the headline numbers in the press release may suggest, Cramer said, adding that "this might be a buying opportunity" for investors.
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At the time of publication, Cramer's Action Alerts PLUS had no position in any companies mentioned.
