Disney is a machine. Espn has no viable competition globally. They are brilliant in marketing and now they have the rights to the princesses for girls and superheros for boys.
In addition they have star wars coming out and the Avengers which is already almost eqaled star wars.
I agree that market feels too high....but when you look and inflation adjusted numbers the growth isn't that much.
Those paying 19 times earnings for a debt bloated equity trading in a market bubble are trading fundamentals? I don't know when the cops will raid the party, but I do know that the people buying this are like the guy who sees a quarter on the subway tracks as the subway is pulling in the station but he jumps down to try to get it anyway. Good luck to you though.