Wow, take 2 weeks off, get better than expected news, and Wham!
I have tried to rationalize my position, which I increased this past week, via satellite phone, because I couldn't believe price.
8 new products in Dec and Jan.
Stock buyback
7 new products for Hasbro
New plant expansion
2 big toy shows, Jan HK,Feb NY
Sure hope we don't get any bad news. I am assuming a minumum of $2.25 for 1998. I assume a p/e of 15x-20x when this market flatttens out, God forbid it goes back up.
What am I missing?
Management has decided to use their hard earned cash to buy back stock.
My origtinla bet was on management, and their ability to cpatailze on their expertise, and their ability to create dynamic new products. I don't see any reason to change now.
If we are going to get new analyst coverage, my bet it comes in January. |
