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Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?

To: Neil_L who wrote (733)	7/3/1998 3:39:00 AM
From: chirodoc	Respond to of 2222

Monday, June 29, 1998 Dividend reinvestment plan (DRIP) guru Chuck Carlson first recommended Disney (DIS) in October 1997 when the stock traded at $80. Stock in the entertainment giant rose more than 50 percent to a peak of $128 in early May 1998. But it has since retreated to $111 on Wall Street jitters about near-term earnings. Most concerns are about its ABC and ESPN networks, which are not performing as well as expected. Carlson is more optimistic. "Over the next 3-5 years," he says, "it is difficult to think of another company that should benefit as much from the continued growth of leisure and entertainment activities in this country and especially abroad." Any further drops in DIS are "an excellent entry point" for investors with a long-term view as the firm's leverages its intellectual property library, particularly through cross- marketing. A 3-for-1 stock split slated for July 9 should also help the stock price, he says. For more on Chuck Carlson's recommendation see "Market Capsule From A DRIP Perspective," July 1998, DRIP Investor: Chuck Carlson provides a guide to buying stocks without a broker via dividend reinvestment plans (DRIPs).