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Two Ways To Play: 7 Dwarves, 62 Pennies


Strengthen your portfolio in good times and bad.

Walt Disney Company (DIS) comes with a beat. After today's close, the second-largest media company in the U.S. reported results for the third quarter. Earnings came in at $0.62 per share, a penny better than consensus estimates. Revenues rose 2.1% year-over-year to $9.24 billion vs. expectations of $9.14 billion.

Disney reported that operating income at its parks and resorts increased 3% year-over-year to $641 million which was mainly due to Disneyland Resort Paris. That park saw higher guest spending and attendance likely due benefits in currency.

Professor Jeff Macke mentioned Disney today in Nintendo Ruins Sony's Fun.

From the Bull Pen: Professor Macke favorably mentioned Disney as more of an investment and despite the consumer spending concerns, he stated he was willing to add to his position on any weakness.

From the Bear Cave: Could Dish Network (DISH) be the better downside play? A rally towards the $30 mark could have bears initiating a starter position.
No positions in stocks mentioned.

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