Disney's stock has value at these levels, trader says as Evercore ISI gets bullish $DIS (via TradingNation)
Given that theme parks accounted for nearly 30% of Disney's revenue last year and many of its upcoming films are now on hold, "all of this is a problem for Disney," Gina Sanchez, founder and CEO of Chantico Global, told CNBC's"But I think that the stock itself has already reflected that ... [and] that they're carrying more debt on their balance sheet than they normally carry," she said.
"So, I think that, generally speaking, there is still a bright spot for Disney and the stock is priced for worse than what I think will happen. And so, I do think it represents value," Sanchez said. "If you go back since the credit crisis lows, we are still in a nice parallel uptrend channel here," Gordon said. "We are bullish. We don't hold the name right now in our portfolios at Ascent. We would look to reenter."
just came out with earnings, making all-time highs. We hold it in the portfolios. I hold option positions," Gordon said. "It was kind of a bumpy earnings report but, again, a nice uptrend still intact here."
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