Jim Cramer on Disney

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All quotes by Jim Cramer on Disney

All I care about is an expansion of the ecosystem that people pay for to be part of what I call 'the Apple club'. Any sign that the service revenue stream has the potential to be greater than a Fortune 50 company instead of a Fortune 100 company, which is what they use lately – putting it above the $28 billion level that is a Fortune 100 [company]– that would cause the stock to run after the earnings print. FANG's back, but this time it's F-A-A-N-G; and while the spelling is tortured, the story is anything but.feedback

You should know that the average effective corporate tax rate is already 19 percent, so it may not be as sweeping as it seems. Plus, there are a lot of investors on the sidelines waiting for this market to come down to a more reasonable price. What happens if so many companies are suddenly making more money because they have a lower tax rate? I bet it would force billions and billions of dollars into the stock market from the sidelines in a virtuous circle of wealth creation.feedback

A two-year tax cut? That's not going to change much of anything. [It's] kind of like a tax holiday – maybe you get some one-off special dividends like the one that Costco just gave you, but that's it.feedback

There's a perception that if companies use this money to buy back stocks or boost their dividends, the money's basically wasted because it doesn't create jobs. But it certainly would create more wealth for you, the shareholders.feedback

Like so many companies, Disney's already awash in cash. It's not like they need more capital to expand. In fact, just today we heard that the company may have laid off as many as 100 people at ESPN – I don't expect a corporate tax cut will get them re-hired.feedback

You buy Kimberly-Clark when it gets hit. Hasbro's developed a very different model from Mattel's. It's more experiential, and it does a huge amount of business selling Disney toys, and given that we've got a new 'Star Wars' movie later this year [and] maybe a couple of 'Star Wars' movies down the line, I bet it's a winner, not a loser like Mattel. Memo to the companies that report in the following three days: will you stop it, please? Move your quarters. We can't focus on all of you. There's always someone itching to sell this thing. Maybe then we wait to see, and buy.feedback

The fact is that if you buy Disney's stock on this, I'd tell you that you might as well believe in Mickey Mouse and Donald Duck and Han Solo and Captain Marvel and anybody else in the stable. The only thing that's really accomplished by this kind of speculation? The short-sellers will be afraid to bet against Disney's stock because of newfound fears of a takeover lurking. It really does put a bid underneath, simply because it was just too juicy to ignore.feedback

Senior growth is back, and even though each of these stocks has its blemishes, they're being airbrushed one by one. I think the picture that's left seems quite rewarding, and I bet it lasts beyond the incredibly great first quarter of 2017.feedback

Now Disney's stock trades up on both good and bad days, even as the ESPN woes haven't really been stemmed. It's a textbook case of the market getting comfortable with a negative, baking it into the stock, and then starting to process other positives. I think people are looking for long-term bargains and they've settled on Nike as one with staying power. I think these two are rallying because their consistency had somehow made them persona non-grata in the wake of the election as we rushed for first the banks, then the materials and then the industrials. Now, they seem peerless.feedback

It's all being done on faith, not unlike Disney, and it's working, as the stock of Starbucks has been climbing on both good days and bad ones.feedback

That's real cash that can't be spent elsewhere, but a smartphone is simply indispensable. An [Apple] iPhone is the most prized and cherished purchase any American makes after his car or home. So what does pry the typical consumer off the couch? Trips to theme parks, hence why Six Flags, Cedar Fair, Disney and Comcast's Universal theme parks are jammed to the gills. Or cruise ships, because they create experiences.feedback

It's like Iger was saying, you want to sell Disney off of ESPN? Go ahead … I'll make more money off of you than you ever dreamed of. The valuations are pretty darned reasonable, but I have a hard time proving it to people because we are in an incredibly visceral, polarizing moment stemming from the election of a pro-business president who seems to rack up an incredible amount of baggage on a daily basis.feedback

CEO Bob Iger has multiple levers, including selling ESPN if he has to – although I think that would be a big mistake – in order to keep generating the 266 percent return that Disney gave you from Dow 10,000 to 20,000.feedback

Those who think more short-term may end up trading this thing right into the poor house. I reiterate, though, that if you take a long-term view, Disney will be just fine.feedback

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Quotes by Jim Cramer on Disney

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