|Bid||106.31 x 400|
|Ask||106.89 x 100|
|Day's Range||106.90 - 107.54|
|52 Week Range||90.32 - 116.10|
|PE Ratio (TTM)||18.66|
|Dividend & Yield||1.56 (1.46%)|
|1y Target Est||N/A|
Walt Disney (DIS) made a $5.5 billion bet on a Mainland China (MCHI)(FXI) theme park—its largest foreign investment.
Disney wants to make Disneyland a more attractive destination, and one analyst thinks that could help the company’s stock. On Monday, Guggenheim’s Michael Morris delivered a favorable review of Disney’s plans for further theme-park improvements, which the company announced during a recent park-themed “expo.” In short, he’s encouraged by Disney’s interest in expanding its California assets, a strategy that’s recently helped rival Comcast, which runs Universal Studios parks on both coasts. The company has tended to view Disneyland as more for short-term stays, compared to Disney World in Orlando, Morris argues, but it could see “greater incremental return” by investing out west, where its theme park is less “built-out.” “Extending the length of stay and providing more on-property resort, food and beverage and consumer goods opportunities in California could create additional operating leverage for Disney’s vast content base,” he writes, meaning that the company could generate more profit per dollar of revenue.
The fans may have loved Hasbro at Comic-Con, but shares are sliding Monday after second-quarter revenue narrowly missed estimates.