Walt Disney Co. (DIS)

Now at a new post-Covid low. Frustrating. There's no new catalyst, but a malaise. ESPN is the real albatross, though there have been talks with other parties like Amazon to partner.

Owns share in company.
Share price under-performing 
Political struggle with Florida governor a concern.
New CEO (Bob Iger) positive news.
Expecting better days ahead for the company.
Cutting costs and new plan ahead.
TV model being transitioned. 

He's ready to return to this. It's one of the great long-term growth stocks, and it's been punished enough. The only thing investors are looking at is their streaming business. A family would keep Disney+, if they had to cut. They have the content and no one cross-sells better than them. Have done very well with Marvel assets. They also have ESPN. The valuation has fallen a lot. Everyone hates Disney now, but buy it now and you will be pleased down the road.

Many dumped shares after its May quarter, plunging below DF's $96.50 stop in very heavy volumes. Since then, DIS has been stuck in a sideways patterns with an $85 floor. Even after last week's positive conference call, DIS remains below its 200-day moving average. Last week after earnings, DIS jumped 5% at triple normal volumes, but DF believes the stock is still building its base above $85, so it's too early to buy this one. However, DF does see some signs of institutional buying. DF expects this to remain sideways until its next report in November, and could break out. Cramer disagrees--buy DIS now, not in November. It's one of his favourite stocks.

Great assets with legacy content.
Very strong collection of brands (Marvel, Pixar etc.)
Current share price weakness creating opportunity.
Weakness in TV segment not a concern.
High costs of content creation a concern.
Theme park business resilient. 

New CEO is positive, it will just take time. Streaming has cost more. Betting with ESPN-Penn is a positive. General malaise overall for DIS. Best-in-class assets and content that can be leveraged and monetized better than anyone else. $80 is the trough where he'd be adding.

They're over their skiis: politics, Florida is a mess. Technically, what is driving this? That said, if DIS hit $91, buy half a position. It's been ranging between $85 and $105. If this falls below this range, it will like fall further.

Sentiment is negative. Pressure to improve from activist investors. New CEO implemented cost-cutting to improve cashflow and profitability. Big overhang is streaming, still not profitable. Hugely undervalued, tons of hidden value. Don't throw in the towel.

He has owned for a long time and is looking to add more. It is a turn around story and is the best of breed for a franchise business. It is looking for the next success story and is incredibly cheap.

Disappointing. Be patient and you'll be rewarded. Stock's at multi-year lows of 17-18x forward PE. Expanded too quickly. Disney+ has not been profitable, box office flops. New CEO will make changes to increase profitability. Parks are benefitting from travel boom. Great franchise name.

He's blown this one. They don't the cash flow to pull off what they want to do now, and they don't have the blockbusters. Only the theme parks are humming. That said, he is long on Disney. This quarter and maybe the next won't be that good. CEO Iger can still turn it around.

Lots of great, long-term assets. Struggling. Movie distribution is changing, and DIS was not at the forefront. Covid hit. Blockbusters are not guaranteed as in days gone by. Management changes. Can't see a catalyst.

Credit Suisse today cut the price target to $126, which means 40% upside. Their media business is worth $60 billion vs. Netflix's $210 billion, a massive valuation gap. Disney is like New York City. Both can be down at times, but you're foolish to bet against them. They can get past this rough patch by creating great content while people will flock to their amusement parks. It could take 3-4 years before Disney returns to previous levels, so be patient. Yes, the actors and strikes are concerns, but are short-term.

He exited last October and turned a small profit. Lots going on here, the biggest being ESPN, turning it from cable to streaming--and that's a positive thing.

She's trimmed it. Disney is not just a streaming company. Their parks business is doing well. In streaming, Disney and Netflix will be the winners.