For what it's worth:
. Disney: A Dow Stock for the Future (DIS)
Wednesday, March 31, 1999
"Few Dow stocks are as nicely situated for the new
millennium as Walt Disney (DIS)," says dividend reinvestment
plan (DRIP) expert Chuck Carlson. Disney's properties (e.g.,
theme parks, film, TV, retail, Internet) give it ownership
of some of the world's strongest brands, and Carlson says
this gives the firm a host of domestic and global
opportunities.
Carlson sees several new theme parks coming soon, a business
which "can be exported successfully." Disney keeps churning
out hit movies and it also owns a number of well-received
Broadway productions. Disney is also active on the Internet,
with a 40% stake in Infoseek, a popular ESPN web site, and
the new Go Network portal. "I think the Internet medium --
with its emphasis on youth, content, brand strength,
education and entertainment -- is tailor-made for Disney and
its software offerings," Carlson says.
Disney's first quarter profits should indicate where the
stock is heading. "Should the company post poor earnings but
the stock hold up or even advance, it would indicate that
investors are willing to overlook near-term problems for
long-term potential," Carlson says. He recommends buying
Disney at current prices, and says he "would buy aggressive
under $30."
30 looks like a great entry unless the entire market takes a huge dive, then your 28 might look good.
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