Disney: The Bears Are Still In Charge

Wirestock/iStock Editorial via Getty Images On our last coverage of The Walt Disney Company (NYSE:DIS), we remained unimpressed with the relentless rally and suggested investors wait for a better entry point. While the fundamentals were sound, the valuation was anything but. We poured cold water on the bull dreams and gave them a specific entry price point. We would look for about 3%-4% annual returns from here. While our previous forecast was in excess of investment-grade bond yields, the current one is no ...