Rich, are you kidding me? The House of Mouse needs an exterminator? Don't you recognize the inherent equity of that mighty murine mascot?
I do. Disney
Rich is ignoring the value of this icon; it's a lot more magical than either News Corp.
I concede that Pixar stumbled a bit with Cars. Nevertheless, it was the No. 1 film two weekends in a row, driving considerably more than $100 million into box-office coffers. Pixar is allowed to have a relatively weak performer every now and then, and besides, having Pixar's John Lasseter in charge will hopefully catalyze Disney's entire animated department.
The stock may not be statistically cheap, but come on, Rich, you know it's hard to properly quantify a brand like Disney's. That brand is going to drive so many moneymaking opportunities, especially in the area of video games, in which the company is investing significantly.
Sure, it's been dead money. But think of this, my friend -- investors can reinvest dividends and pick up shares at low prices, setting themselves up nicely for the eventual rebound. Just wait for that magic ...
Let further Foolishness be your guide:
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