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Technology Stocks : Walt Disney
DIS 114.19+0.5%3:59 PM EST

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To: Zoltan! who wrote (444)3/5/1998 10:29:00 PM
From: Fredric D. Bellamy  Read Replies (3) of 2222
 
One firm repeated its rating of "strong buy" on DIS today. Interestingly, the firm referred to Disney as a "global consumer brand company."

That description is important because, as has been discussed on this thread, if the market deems Disney to be a consumer brand company, then DIS probably will undergo a P/E multiple expansion consistent with the implied reliability of earnings.

>>"NEW YORK, March 5 (Reuters) - Furman Selz said it reiterated its strong buy rating on Walt Disney Co (DIS - news).

"-- Despite the recent downward adjustment of Disney's earnings estimates by several Wall Street analysts, Furman remains confident that Disney can maintain annual earnings per share growth of 20 percent or better. . . .

-- Disney remains inexpensive compared to other major, global consumer brand company stocks, considering its price-to-earnings multiple relative to its earnings growth."<<
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