"If I could look at one characteristic of a company, I'd want it to have a
competitive advantage, and Walt Disney has it," Skrainka said. "This is the
crown jewel of the entertainment world, with outstanding franchises and
great global opportunity."
Very well said. Though he could have added that Disney is the premier consumer brand company in the world. Simply without peer.
.... Although the stock of Walt Disney Co. (DIS) has been battered of late
because some analysts have lowered their earnings estimates, Edward
Jones maintains its strong buy on the stock. The firm said it maintains its
rating on Disney because the reasons cited for those lowered estimates,
including the Asian economic crisis and lower-than-expected domestic box
office results - shouldn't hurt the company's long-term fundamentals.
Edward Jones still expects Disney to meet the firm's five-year growth rate
of 18%.
Edward Jones chief market analyst Skrainka said Disney will have six new
animated films in theaters over the next 18 months, including "Mulan,"
which opened last month. And while there have been some delays, the
company expects to launch the Disney Cruise Line later this month. The
company also plans to open new theme parks in Disneyland and Tokyo,
and Skrainka said no one has been able to match Disney's animation
success.
"If I could look at one characteristic of a company, I'd want it to have a
competitive advantage, and Walt Disney has it," Skrainka said. "This is the
crown jewel of the entertainment world, with outstanding franchises and
great global opportunity."....
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