Monday, December 7, 2009
Certain Toys Deemed Unsafe
One of the most highly anticipated sells as a toy this holiday season has been named unsafe for children by a U.S. group. However, the company defends its toy saying that it has passed rigorous testing and was claimed safe by their own standards. The group declines this notion nevertheless because of their finding of higher than allowed levels of antimony on the toys nose. Sales have dropped dramatically after the research done. This relates significantly to our own stocks because we own Hasbro which is also a toy producer so if the company producing this certain toy is not doing so well customers are more likely to buy toys from our company. This will only help our rankings in the stock market game if Hasbro gains more sells from this reduction in sales of the other toy producing company.
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If the company said it passed their tests i think i would believe them. Why would a toy company want to make a product that harms the consumer? If it causes so much of a problem they should just change whatever materials they are using.
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