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Old 03-20-2006, 11:59 AM   #1 (permalink)
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A wonderful world for Disney stock - CNN/Money 3/20/06
A wonderful world for Disney stock
CNN/Money 3/20/06

Quote:
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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