Disney 2019 Trading Range?

The story around Disney seems to be particularly compelling to investors in 2019. It is not suffering the same kind of pull back we saw in FAANG stocks, becuase it trades at 15 times earnings and has interesting growth prospects. It has traded sideways, mostly, since jumping up to the $100 range in January of 2015.

Bullish case : The coming streaming service generates 30 million subscribers inside of 3 years, Disney parks continuing to print money (now including Shanghai Resort Park), Marvel & Star Wars continue to print money, Margins don't decrease too fast on TV business

Bear Case : Streaming Service can't get users from Netflix, Recession hits park businesses, Margins on TV business deteriorate, Larger tech stock bubble brings down good with the bad.

A trading range of $102-$130 seems possible.

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