Well it largely depends on the direction of the overall markets which at least for now appears to be higher. With Avengers 2 and Star Wars Episode 7 on tap for 2015 I don't think it's unreasonable at all to think we can see DIS trading at $115-$120 within a year. The equity markets in general have been defying gravity for years now so at any moment we could get a sharp correction but I wouldn't bank on it. If things remain status quo were heading to $120 in DIS.
I guess it all depends on how you view your investment in Disney. From a trading standpoint a very good argument can be made that the stock is overvalued at current levels and should be sold to lock in profits. In doing that you are hoping that the stock goes back down so that you can rinse and repeat the process. It's a reasonable strategy but also a risky one. Disney is one of the companies that people will literally hold forever and eventually pass the shares onto their kids. It's best to view Disney as an ultra long term savings account.
With the Marvel and Lucasfilm acquisitions this is no longer your father's Disney. The potential of both of those franchises is nearly limitless and Disney has people working for them that undoubtedly know how to monetize an IP. Just wait until that Star Wars hype train gets rolling next year.
I am personally not adding to my position at current levels but I would not be surprised to see DIS trading at $100 in 2015.
I agree with your sentiment for the most part but here's the rub; a lot of these mining CEO's are in bed with same banking #$%$ that are suppressing the price of their product. They are dependent on the big banks for financing so in most cases they are forced to sell what they are able to pull out of the ground even at a loss. It's a pretty stupid business plan but mining is such a capital intensive business these guys are starving for additional financing.
All that being said, AG's CEO is at least doing something by holding back production in the third quarter and calling for other mining companies to join with him to create a "mini-cartel" to get a handle on the price. I don't see that happening at least not in the short term but at it's a start.
How low will this thing go? Mining CEO's are some of the only people you will find on the planet willing to sell their primary product for less than it costs them to acquire it. Stick to the physical.
I'd like to see DIS get back down to around the $70-$75 level where I would certainly add more shares. Disney has had an awesome year and profit taking was inevitable. Longer term this sell off is very healthy.
Avengers 2 and Star Wars coming in 2015!
Every miner on my watch list is down significantly today while gold and silver are on the rise. Yeah this market makes perfect sense doesn't it?
Don't outsmart yourself. Disney is one of those companies that you can truly hold virtually forever. It's best to think of the stock as a long term savings vehicle for your children or grandchildren. The company has not even begun to tap the potential of their LucasFilm acquisition and the Marvel division is a pure goldmine. Unless something overly negative changes with the company at a fundamental level there is no reason to sell your shares.
Yep and the dividend arrives at just about the same time each and every month. This is an excellent investment especially in a ultra-low interest rate environment that I do not see changing anytime soon.
Everyone has been calling for a pullback into the $60's or $70's for a long time now. I got burned listening the analysts on DIS before when I owned it at $29. I sold at $35 thinking it would pull back to around $25 and I could get back in. Well that was obviously a huge mistake but I learned a very good lesson in the process. Never sell great companies! If anything you can trade around your core position but with DIS I prefer to let this one sit for decades and then pass the shares onto my kids one day. Nothing like telling them they own a piece of the Marvel, Frozen and Star Wars franchises.
Earnings certainly were not great but the sell off in the stock has been minor so far this morning. I expected a much deeper correction to the tune of 3% or more. Perhaps that will still come but so far the stock is holding up well.
With silver and gold prices expected to rally into the second half of the year I personally would not be short any of the miners or much less the streamers. Sure there could be another down leg but IMO the risk at this point of much more weighted to the upside.
I am long term silver bull but I am skeptical about the removal of the "fix" having a positive impact on prices. The corrupt bullion banks will still have a hand in manipulating the price they will just be doing it through a different route That being said, longer term I believe that the slow erosion of the US Dollar's purchasing power and our toxic debt situation will lead to higher much gold prices and by proxy much higher silver prices.
Obviously the stock could go either way on earnings but even if it pulls back by as much as 10% it's still had a great run so far this year. I expect it to close out the year strong with spot gold and silver likely to become stronger this fall and winter. But pretty much any metric you use silver is undervalued with most miners mining right now either at break even or at a slight loss. SLW is in a great position with their streaming contracts so the lower price doesn't hurt them as much as the traditional miners.
I remember he was bashing the stock when it was around $65 now he's pounding the table that it's going to $100. Glad to see that Mr. Cramer has finally come around.
I'm not talking about the movie lifting this stock in particular. Just pointing out that the movie is doing much better than expected in what had up until then been a very lackluster summer at the box office.
AMC seems to be doing just fine right now. They have transitioned to a more customer friendly atmosphere and in that way have separated themselves from the crowd. With the solid dividend yield the stock remains attractive below $25.
This movie is an absolute savior for the movie industry coming off of one of the worst years in box office history. Disney has done it again with 'Guardians' which has already been green lit for a sequel. Strong word of mouth about how good this movie is will bring the audiences back to the theaters in bigger numbers going forward.
Disney just reported a record quarter and the stock is flat on the day. Some see this as a negative sign but I do not. The stock is priced reasonably well around the $86 level and it trading near all time highs. Taking a breather here is quite normal. Next year will be an awesome year with Avengers 2 and Star Wars expected to be absolute blockbusters. I still see DIS trading above $90 at the end of this year unless the market totally falls off of a cliff which is always a possibility.
How so? This is a lightly traded stock with average volume under 200,000 shares traded per day. If it were being pumped we would be seeing the stock gapping up on higher volume.
The stock is holding up very well and even moving higher as the broader markets continue to sell off. Guardians of the Galaxy is a surprise hit with staying power. Those that went short post earnings are getting crushed right about now.
I certainly hope you are correct in your call. There is no doubt that Disney is firing on all cylinders and things are only going to get better.
I say "unexpected" because most analysts estimated that the movie would make about $70 million over the weekend. Very few expected it to do as well as it did much less become the biggest August opening ever.