Tuesday
Sep122006
Banksy Donates Art to Disney (DIS), I Wait to Buy the Stock
September 12, 2006 at 10:23 AM
This guy Banksy is a genius. This stunt at Disney where he puts a life size statue of a Guantanamo Bay detainee on a ride is so fantastic and subversive. I've always enjoyed his work in London. Check out his site for some examples.
As for Disney (DIS) stock ($29.80) at a forward p/e of just over 17 and a dividend yield of just under 1% the stock is no bargain but not expensive either. I like that the board finally got rid of Eisner whose Richard Grasso-like legalized greed was expensive to shareholders. The pickup of Pixar was a good move as well. It also can't hurt that Steve Jobs is on the board and the company's largest shareholder. Disney was starting to become too corporate to have the kind of creativity it takes to make real money and growth in the entertainment business. In general, I'm not a fan of glamor businesses as investments; so as far as buying the stock, I'll wait for a pullback.
Disney Politics:
It seems ABC is making a move to the right after their showing of "The Path to 9/11" without commercials. If you do become a shareholder be sure to write some letters and vote those proxies!
Disclosure: I do not own Disney (DIS). In 1995, I gave 6 shares to my sister as a Christmas gift. She still owns them.
Disclaimer: Nothing in this web log is meant to be a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult your own investment professional before buying or selling any security.
As for Disney (DIS) stock ($29.80) at a forward p/e of just over 17 and a dividend yield of just under 1% the stock is no bargain but not expensive either. I like that the board finally got rid of Eisner whose Richard Grasso-like legalized greed was expensive to shareholders. The pickup of Pixar was a good move as well. It also can't hurt that Steve Jobs is on the board and the company's largest shareholder. Disney was starting to become too corporate to have the kind of creativity it takes to make real money and growth in the entertainment business. In general, I'm not a fan of glamor businesses as investments; so as far as buying the stock, I'll wait for a pullback.
Disney Politics:
It seems ABC is making a move to the right after their showing of "The Path to 9/11" without commercials. If you do become a shareholder be sure to write some letters and vote those proxies!
Disclosure: I do not own Disney (DIS). In 1995, I gave 6 shares to my sister as a Christmas gift. She still owns them.
Disclaimer: Nothing in this web log is meant to be a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult your own investment professional before buying or selling any security.
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