Media Stocks: Investors Can Expect to Make Money on This Megacap
Admittedly a boring idea but I am recommending Walt Disney (NYSE:DIS) with potential upside of 20% over the next 12 months. The shares have done well but lagged some other major media and entertainment stocks over the past six months as the company endured a period of slow earnings growth. I believe the current quarter will flip the earnings trajectory and the stock will move higher with earnings and modest multiple expansion. 2013 and 2014 consensus EPS estimates call for $3.44 and $3.88. Looking out to later in 2013 I think the shares can trade at 17 times 2014 ...
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