Some Good News (for a change)

[tigsmom]

State Street Investor Sees Disney Growth




Sunday June 29, 3:48 PM EDT

NEW YORK (Reuters) - Walt Disney Co.'s growth prospects could be underestimated, State Street Research & Management investor Larry Haverty said in the June 30 edition of Barron's.

Haverty said that the success of "Finding Nemo," the blockbuster movie it produced with Pixar Animation Studios Inc., its ESPN cable sports channel, and its theme parks will lead to cash flow growth in the 40 percent range.

"I am very enthusiastic about the prospects for Disney stock," the influential Haverty said in the article.

In recent months, Disney has endured slumping ratings at its ABC television network, while the war in Iraq had dampened the performance of its theme park business.

Haverty estimated that "Finding Nemo" would gross $600 million worldwide.

"We are looking in the next 12 months at very substantive cash-flow growth coming from 'Finding Nemo'," Barron's quoted him as saying.

He added that ESPN would begin to benefit from a flattening in costs for sports broadcasting rights and advertising rate growth in the range of 12 percent. He also projected that the theme parks business would benefit from an imminent turn in the economy.

Hope some good things come to pass.

 

[SirNim]

Wrong forum, but yes, very good news! I hope my Disney stock goes up then!

 

[Katherine]

Wow! Great news! I hope my disney stock goes up too!

 

[Shaman]

Great News!

There is no doubt that Finding Nemo, will bring in some serious $$$ when everything is said and done. It should be interesting to see how well the other Disney films, scheduled for release this year, will do, especially Pirates of the Caribbean, The Haunted Mansion and Brother Bear. It should also be interesting to see how well the parks/resorts do this summer, and whether the new attractions will bring more people to the parks.

The success of Finding Nemo, strikes a very important dilema still left for Disney to figure out; Will they offer Pixar a more lucrative deal to keep their partnership alive or will they let Pixar fall into "enemy" hands. We've all seen the success of all Pixar movies, could Disney do without Pixar?

For now lets just bask in the current positive trend, and lets see how everything turns out in the end.

:animwink: :wave: :lookaroun

 

[goofyfan13]

This is awesome news, and as a shareholder, I'm glad the value of my stock will be going back up! I wouldn't be surprised if Finding Nemo does gross that much money if not more, the movie was awesome and from what I've heard every age group has enjoyed it.