Walt Disney Co. (DIS)

Great company and pretty reasonably valued.

This is a great company. It’s in the telco/cable space and his view is that a lot of it has to do with content. The stock has had a very good run so it is fairly expensive. Doesn’t think you will see short-term growth immediately, but if you are a Buy and Hold kind of investor, over time this will pay.

Media conglomerate. Their crown jewel is ESPN, the cable network and earns the highest affiliate fees of all networks. Have been renegotiating fees this past year at higher rates. Have been reinvesting in their parks and resorts and are starting to see the effects. Yield of 1.2%. In 2016 they will be opening up a resort in Shanghai in a joint venture with the Chinese government.

A phenomenal company. Over time they do a very good job of making money for investors. Great brand recognition. Have been able to have some great pickup in revenue growth which is impressive. However, people see it as a “steady Eddie” type of business so, if you are in that boat, you are commanding a pretty high multiple. There are better opportunities, for you are taking a little bit more risk on the earnings side.

You buy it and put it away. Great media properties. Great management. Delivered consistently over the years.

Stock sold off because of the Lone Ranger, which was a total bomb. But this is not the biggest part of their business. With a huge amount of distribution right now, it is highly valued by everybody. Everybody wants content and this company has a lot of stuff to fill up those broadband channels.

With the acquisition of Marvel and Lucas Film, their revenue source for years to come will be extremely strong. The fact that they are building the 1^st mainland China Disney World is also positive and they are taking advantage of that consumption story.

He owns it and is happy with performance. It is a land play as much as anything. Owns most of Orlando. Great long term support. Would like to see it pull back. Below $60.

Waiting for a pull back before he gets in. Purchase of Marvel not that long ago, and Lucus films. First theme park in mainland China expected in 2016. Will continue to grow 10 to 15% earnings growth rate, so is a good stock to own. As the economy continues to improve they will grow as well.

(Top Pick May 9/12, Up 46.33%) Reported they beat on this quarter. Film business is doing fantastically. Iron Man III just came out. They have Pixar, theme parks, ABC and ESPN, so they are a really good franchise.

Just announced they are going to have Star Wars movies coming out every year to 2015. Also, have Marvel Movie products. Wonderful company. This is just a small piece of the pie. Stock price obviously reflects the good enthusiasm of what is going on with the company. Valuation has gone beyond his comfort level but it has all the ingredients of a stock that he likes. He has found better opportunity with Viacom (VIA-Q), another media company so that is where he is putting his money.

Earnings have continued to keep pace with the stock price. Trading at a reasonable multiple of about 14X earnings. They are clicking on all cylinders. Recently bought Lucas Films (Star Wars), own Pixar and they bought Marvel. Also, own ABC and ESPN which are cash cows for them. Dividend yield of 1.31%.

(Market Call Minute.) Content providers are hot right now. Huge demand for digital media and content so companies like this are doing very well.

Just reported a very strong quarter. Feels visibility is very high for them right now. In the process of finding new affiliate agreements at higher prices. Investment in theme parks is starting to pay off. Shanghai opens up in 2015. Still at a very reasonable multiple. Target of $60. Dividend yield of 1.37%.

No reason he wouldn’t want to own this. Loved the George Lucas acquisition. Continues to make great strides in Europe and Japan. 1.5% yield and he wouldn’t be surprised if they start raising this.