HAS is down almost 4% on news that Toys R US is closer to liquidation. This isn't really new and have been pretty much known since last Oct. There is a report out from Jefferies that says that 10-15% of all toys sells will be "lost forever" if Toys R Us does go under. I just don't understand this reasoning. People aren't going to turn to their kids and say sorry Im not buying that new My Little Pony because our local Toys R Us closed its doors. They will buy it somewhere else. While Toys R Us is tied for HAS second largest retailer it does only account for 14% of sales. I am very overweight HAS right now or I would be averaging down. Could someone tell me if maybe I am missing something here. Does everyone really think that if Toys R Us does go down we will see a 10-15% reduction in toy sells forever?
Submitted March 09, 2018 at 11:23AM by rac31x http://ift.tt/2DePfBE
