Hasbro, Inc. (HAS, Financial) (HAS - $71.55 – NASDAQ) a leading international toy and entertainment company that has iconic brands such as Nerf, Play-Doh, and Monopoly along with a diverse portfolio of licensed brands. We purchased shares this quarter at very attractive prices as the stock sold off on potential supply chain disruptions in China, the rapidly spreading coronavirus, and the lingering impacts of tariffs. We felt that Hasbro’s board games and toys could benefit from consumers looking for alternatives during the “stay at home” orders that were enacted across the world to help slow the spread of this highly contagious virus. The stock has appreciated from where we bought it, making it one of the top contributors this quarter. We like Hasbro longer-term given its global reach and high-quality brand portfolio.
From Keeley Asset Management's Mid Cap Dividend Valud Fund's first-quarter 2020 shareholder commentary.
