Brocker.Org: Magic left in Mickey: Michael Morris describes Guggenheim’s Disney ‘buy’ up grade

0
43

Disney is doing the job its magic on optimistic investors.

Guggenheim Securities Running Director Michael Morris explained to CNBC’s “Halftime Report” the Household of Mouse is on the upswing, citing Disney’s solid progress “relative to its friends” and its possession of ESPN.

The ESPN overhang would not hassle Morris, who says building ESPN a core portion of almost all of Disney’s “skinny bundle” choices assists steer clear of subscriber losses. ESPN is available on Sony’s PlayStation Vue support, Sling Television set, Hulu and YouTube Television set.

Morris attributes at the very least some of Disney’s recent achievement to existing CEO Bob Iger, citing savvy acquisitions and their integration into the company’s choices. Iger’s tenure “gives the business some time to check out and find an additional chief,” says Morris. “I will not feel he’s fully irreplaceable, but definitely leaves massive footwear to fill.”

The business began building a comeback this 12 months right after a generally flat 2016 and trader fears of subscriber losses for subsidiary ESPN and other cable networks.

LEAVE A REPLY

*