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.