Wednesday, February 08, 2012

Disney Profit Rises 12%

In case you missed it, it is a good time to owne Disney stocks right now after the First Quarter financial reports.

Net income grew to $1.46 billion, or 80 cents a share, from $1.3 billion, or 68 cents, a year earlier, Burbank, California- based Disney said yesterday in a statement. Profit beat the 71- cent average of 27 estimates compiled by Bloomberg. Sales gained 0.6 percent to $10.8 billion in the period ended Dec. 31, missing estimates of $11.2 billion.
Again, I keep thinking back to during the height of the financial crisis, Disney stocks tumbled to less than $20/share. I remember that we were buying several shares at that time, or as much as we can muster, because we have great confidence in the company and knew that the stock prices will go up. And voila! It is now above $40/share!


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