So I had a nagging feeling something wasn't right.
>Hasbro gets itself massively in debt by buying EOne>Hasbro sells EOne for pennies on the dollar>Uses the money to pay back some debts, but only barely sohttps://simplywall.st/stocks/us/consumer-durables/nasdaq-has/hasbro/news/hasbro-nasdaqhas-has-a-somewhat-strained-balance-sheetThe debt right now after paying that 400 million off from selling EOne is still 3x their earnings (before interest, taxes, depreciation, and amortization)
This debt makes their shares unattractive now that the business isn't doing so well.
https://seekingalpha.com/article/4658746-hasbro-excess-debt-leaves-shares-unattractiveThis is a very similar story to Toys R Us, where debt was there for a long time before the business collapsed, with the rent payments being a massive issue. (It didn't help that TRU was indebted because the money from the acquisition was paid with lend money, with TRU itself being the mortage. Yeah...)
I'm telling you anons, something is up. Are the hedgefunds going to liquidate em like they did TRU?
