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The Disney stock price in 2017 is up a solid 8.4%. That easily beats the Dow Jones Industrial Average's gain of 5.9% over the same period.
And Walt Disney Co. (NYSE: DIS) stock is up another 0.8% to $112.63 today (Monday, March 20) after the company's highly anticipated remake of "Beauty and the Beast" smashed box-office records this past weekend. Its $170 million in North American sales makes it the biggest March opening ever and the seventh-biggest opening weekend ever.
Despite the film's success, Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business to discuss the one lingering fault preventing him from recommending DIS stock.
"It's an albatross around their neck and until that gets cleared up, I don't want 'Beauty and the Beast' or any of the other things out there," Fitz-Gerald said.
Here's the biggest problem for the Disney stock price in 2017...
This is Ridiculous, the Naysayers wait until a Disney Box Office Smash to conjur up Espn Again who by the Way is a Total Asset not a Liability and still making all-time record High Revenue and Profits!! Disney is an International Behemoth (it's movie and merchandise sales the world over prove that) and has so many markets under the Sun that anything anyone labels "Losses" are merely word play!! Disney gained 18 million new international Espn cable subscribers in the same time as the so publicized domestic losses!! Twice the amount!! Really stop beating a Prize Winning Triple Crown Horse!!