Glad to explain it to you son.
Look under borrowings on the balance sheet, went from 12.7 bil to 12.9 bil.
Current liabilities also increased from 16.3 bil to 19 bil.
In the process total equity decreased.
If you can't read a balance sheet, you may want to consider investing in CD's. IMO
Too many other compelling values presenting themselves. The mindless Cramer investor looking for the hot stock of the day has moved on. Nothing to start or sustain any price momentum.
Nonsense, they said. Valuation is irrelevant to Disney because it is a "good company" they said.
Fair value 45.
Notice debt increased quarter over quarter. Share buybacks when you care loaded with debt is a no no, borrowing to buy back at extended valuations is even more foolish.
Smart man. Cramer changes his calls on stocks as often as he changes his underwear. It is irresponsible to put people who don't know what they're doing (which comprises a sizable portion of his audience) into the most overvalued of equities. He should be banned from giving investment advice. If you want to read a good piece google Alan Abelson Jim Cramer Winners of the New World.
are Cramer bagholders. He was pumping this inflated stock well into the hundreds. Typical Cramer, putting the most unsophisticated of investors into the most obscenely valued stocks. Amazing he doesn't et called out on it.
Haven't you heard? There is no risk to chasing expensively valued Disney shares. Due diligence stops with DIS "investors" upon making the determination that they have found a "good company". Price is irrelevant. Risk is irrelevant. Valuation is irrelevant.