Tuesday, April 7, 2020

Buying Disney (DIS) $100.00

No need to introduce Disney. The company has been hammered by covid in a double whammy:
1. ESPN viewership is down as sports has been halted.
2. Theme parks and cruises shut down.
The bright spot is that Disney Plus has gained great traction and I believe this will join Netflix as one of the two most popular streaming services in the world.
Disney will be here 50 years from now and at $100 per share, this looks like a great entry point.

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