Time to get to the financial lingo. According to this article by Businessweek, it would appear that Hasbro is reinvesting in its company by adding $500 million to its stock buyback coffers.
Now, what does this mean, exactly? Stock buyback, also known as share repurchase, is the act of a company buying stock back from its stockholders in times of surplus; either the money is put into stock buyback or spent on company renovation, and at this point, it seems reclaiming some of their stock is important. Now, naturally, this has caused Hasbro stock prices to skyrocket; it’s gained $1.01 to a total of $47.01 as of afternoon trading today.
And what does this mean for Hasbro? It means a profiting company that’s looking to better secure themselves financially. They’re future-proofing themselves, if you will. A step in the right direction.