Is It Finally Time to Be Bullish on Disney?

Filed under: Analyst Upgrades and Downgrades, Walt Disney (DIS), Viacom (VIA), CBS Corp 'B' (CBS), News Corp'B' (NWS)

I haven't been bullish on Disney's (DIS) stock for quite a while. I own a long-term position, but I haven't added to it for years (I do, however, allow the annual dividend payout, too small that it is, to be reinvested). I'm waiting for the day when the shares finally break through $40. Disney hasn't seen $40 since, well, I don't even want to think how far back that price level goes.

This past week has been fascinating for the Mouse's investors. The media business was upgraded. There's been interesting activity going on in the company's options, as Schaeffer's Investment Research indicates. And the stock hit a fresh 52-week high of $33.22 on Friday; in fact, it closed at the 52-week high, right before the weekend, no less.

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Is It Finally Time to Be Bullish on Disney? originally appeared on BloggingStocks on Sat, 06 Mar 2010 16:10:00 EST. Please see our terms for use of feeds.

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