Q: I noticed that Hasbro went down about eight percent because of poor guidance. I wonder it this will affect Toy? I suppose it already would have it was going to do so. What are your thoughts generally on Toy^ I sold a lot when it was at $50 but I still have some left now at about $34. That was quite a big drop, too. Time to move on or do you think it will come back^
thanks for your excellent advice

Q: The large toy companies have warned there will be big shortages of toys this fall and winter and that prices will be higher. What industries will be the winners and losers? If people choose not to spend on toys where do you think that money will be spent on, assuming it will be spent?

Q: A while ago you had an article on various pair trades. One of them was short MAT and go long TOY. I was already long TOY so added MAT as a short as I wanted to add a little downside protection to an otherwise balanced portfolio. It was working for a while until the merger/takeover talk. Should I cover my short on MAT, or wait to see if the deal goes through? Do you see MAT raising further in price if the deal goes through?