Cramer Says Hasbro Is A Buy On A Pullback (HAS)
Tonight on Mad Money, Jim Cramer said that Hasbro's (NYSE: HAS) 25% dividend increase last Thursday was a signal that the company would report strong earnings today. Hasbro reported very good numbers, beating Wall Street EPS projections by 28 cents. The company's stock surged nearly 13% in today's trading to $34.71 on the back of this report. This week, Cramer will be highlighting other companies that have also increased their dividends of late.
Cramer called the quarter "magnificent" and said that he would be a buyer if the stock pulls back into the $33 range. According to the Mad Money host, Hasbro's (HAS) dividend increase is a very trustworthy sign of financial strength.
Hasbro, Inc. (HAS) is engaged in providing children’s and family leisure time and entertainment products and services, including the design, manufacture and marketing of games and toys.
