Stock price when the opinion was issued
They reported a terrific quarter: theme parks much better than expected, movies fantastic, TV and sports positive. But there was one line in the report that said that when they raised prices they lost 1% of subscribers in Q4. So, shares fell 2.44% today. He expects people will forget why they sold Disney and its shares will be higher.
Lumpy road to recovery, but Iger's making progress. Streaming is becoming profitable. Content offerings are turning around, with a huge library. Parks have slowed, investment has increased; yet still a destination vacation for many across the world. Good growth in cruise ships. Undemanding multiple under 20x PE. She's being patient; upside from here.
(Top Pick Jun 7/16, Down 3.60%) He is still a fan. The largest and highest quality media company in the world. The scale and diversity of the portfolio is the competitive advantage for the company. They acquired a stake in a company that does live streaming. It offsets cord cutting effect on ESPN.