A wonderful world for Disney stock
CNN/Money 3/20/06

A wonderful world for Disney stock

While most media stocks continue to languish, shares of Walt Disney are up nearly 20 percent in 2006. Is there more magic?

NEW YORK (CNNMoney.com) The magic is back for shareholders of Walt Disney.

Disney's stock is up nearly 20 percent so far this year, making it the second-best performer in the Dow Jones Industrial Average.

What's more, Disney has vastly outpaced its big media rivals in 2006: shares of News Corp. are up 7 percent while CBS and are all in the red. (Time Warner owns CNNMoney.com.)

How has Disney done it? In a word: Pixar. Disney agreed to buy its long-time partner in January for $7.4 billion.
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