... and it has shot above that a few times.
Back in late 2008, I wrote an entry titled "Time to buy Disney stocks". At that time, Disney stocks was selling around around $20 per share! In fact, a few weeks later, it even dipped below that. I urged people to buy Disney stocks at that time, and we bought more to add to our portfolio.
Now, I'm not a stock market genius, nor do I have these prognosticating ability like these market analysts, but you have got to admit, if you had listened to me back then, you would have made yourself a nice tidy sum of profit right now. Disney shares are above $80 each! You've increased the value of your shares 4 times!
The thing with The Walt Disney Company right now is that, the movie division of the company, which had been a drag on their profit till maybe a year ago, is now firing on all cylinders. And it looks like it is going to get even bigger. Marvel movies are knocking it out of the park. The Star Wars franchise is about to restart. And Frozen was bigger than any of us expected. So the division that was, at one time, the weakest link in all of the Disney company, is now not only making all this money, but also creating ripple effects throughout the company in terms of theme parks and merchandise. So things are going to get even bigger!
The only drag on the company right now is still the ABC TV network, especially with the lack of consistent major hit series. But that isn't enough to make me very bullish on the company. Hey, if I was bullish on them at the low point of the crash in 2008/2009, why wouldn't I be now?
Zz.
No comments:
Post a Comment