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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (63662)	4/6/2020 7:01:04 PM
From: Paul Senior	Read Replies (1) of 78940

DIS. A great company, but... If I look at analyst estimates, it looks like Disney's not back on track until 9/21. Disney has so many operating units -- and all of them look like they are affected by coronavirus. Even streaming - eventually people will burn through all that's available that they want to see. I have used today's market to close my DIS position. I don't know that we've seen the bottom in the stock and that we won't drop back to it. DIS seems to be the wrong stock for this market. And it's still selling at a high p/e. I believe the best option for me is this: Out now, maybe back in at a later time. When covid risk is minimized, or maybe before that when stock gets low enough to be a value stock. Meanwhile deploy funds in stocks that either seem to be better values and/or don't have the huge coronvirus risk. With some stocks, there can be good news coming out of the company -- business is holding up, financial reserves are in place, dividends/distributions continue to be paid unabated, etc. With DIS though, I suspect there will be no top level good news from the company until the coronvirus stigma is past.

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