It's Good To Own Disney Stocks

Remember way back when (not that long ago) that Disney stocks were trading at or BELOW $20? I said it then that this was THE BEST TIME to buy Disney stocks, because I know for sure that it will shoot back up sooner or later. Y'see, I don't need to have any knowledge of the stock market or anything, and what do you know? I'm right!

After the astoundingly good 1st Quarter report from the Walt Disney Company, the day after is a good one for Disney stock holders. The stock reached record high!

Disney, based in Burbank, California, advanced $2.48, or 6 percent, to $43.66 at 12:29 p.m. in New York Stock Exchange composite trading after reaching $44.05. The old closing high of $43.05 was set in April 2000.

The recovering economy drove attendance gains at Disney theme parks and advertising growth at cable networks led by ESPN. Anthony DiClemente, an analyst at Barclays Capital in New York, predicted 3 percent higher attendance at parks in Orlando, Florida. Analysts on average projected sales of $10.5 billion. Income from Disney’s studio and consumer products also rose.

Don't say that I didn't tell you so!

Zz.