Hasbro

Toy and games maker Hasbro ( HAS) hasn't come up with a lot of new characters and board games recently, but it's done a remarkable job of finding additional spinoff ideas and ancillary revenue streams for its core properties. As a result, per-share profits are likely to hit a record $3 this year and could hit $4 by 2014.

Investors had been quite bullish on the company's prospects, pushing shares up towards the $50 mark in late 2010, but the stock can now be had for around $35.

As is the case with Cisco Systems, Hasbro has applied its prodigious cash flow to stock buybacks. The share count has shrunk for seven straight years to a recent 137 million, and that figure could fall below 130 million by 2013.

At a recent meeting with investors, management laid out a series of initiatives being pursued in 2012 that sets the stage for rebounding growth in 2013 and beyond.

Hasbro, one of the highest-yielding consumer durables stocks, shows up on a list of 10 High-Quality Stocks for 2012.

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