Viewing Opinion | StockChase
stockchase picture

Compiling comments that experts make about stocks while on public TV.

2017-10-12

Opinion for Walt Disney (DIS-N)

Signal Price Bias Subject Owned
COMMENT $96.930 OPTIMISTIC NORTH AMERICAN - LARGE & ETFs No

Besides movies, this has theme parks, cable networks, consumer products, etc. Has owned this, made some money, but decided to cut loose at this time. Trading at about 10.3X Enterprise Value over EBITDA, which is in line with historical metrics over the last 10 years. 1.6% dividend yield, which they are going to grow modestly over the next few years. They’ve cautioned about 2017 weakness, due to higher costs associated with sports and tough film comps. That is going to ease in 2018. Also, Star Wars is coming out in December. Some of the near-term positives are a strong movie slate, theme parks, including Shanghai. However, the ESPN cord shaving is in mind, which will continue to push the stock down. $90 could represent a better re-entry point.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod http://www.stanwong.com

No Comments.


You must be logged in to comment.