The Walt Disney Company On Sale
Jan.31, 2008 in
Uncategorized
Tuesday’s rally was missed by The Walt Disney Company (DIS) thanks to a downgrade by Citigroup Inc. (C) which was “dead wrong.” Now DIS is on sale based on the theme parks, energy costs, weak housing and slowing consumer spending. Cramer noted that this division is only 22% of their business though. The downgrade only came after we bottomed and turned the corner. DIS is in cable properties, broadcasting, DVD sales, film and more so the stock is cheap. Theme parks are said to be better than last year at this time as well. DIS is liked for the next 12 to 18 months, and Cramer said the next ten years.



Leave a Reply