Jim Cramer Thinks Disney is a "Very Good Long-Term Holding"

The Walt Disney Company (NYSE:DIS) is one of the stocks Jim Cramer weighed in on. A caller inquired if DIS is still a good stock to invest in, and Cramer replied:

“Okay, Disney’s had a real rip-snorting rally from the bottom, but it’s still only up 6.8%. It’s got a good movie slate coming, only sells at 20 times earnings, and the theme parks are doing incredibly well. I think the answer is absolutely. I think it’s a very good long-term holding and I encourage you to buy it right here, right now.”

Walt Disney (NYSE:DIS) creates and distributes film, television, and streaming content, operates theme parks and resorts, and provides branded merchandise, live entertainment, and publishing. The company manages a portfolio of globally recognized brands and franchises across entertainment and consumer experiences. On June 10, Cramer discussed the company, as he said:

“We pivoted to interviewing Bob Iger, CEO of Disney, who traced out his plans now that the company owns all of Hulu. The stock was around $115 when Iger started talking, and by the end of the interview, at least partly by the day, it was at $118 and change. That’s a tour de force performance, the kind of value added this network proudly provides.

I felt great about it, but I could feel the contempt that many younger investors have for what I think is a very strong kind of journalism where we flesh out what really matters to an iconic big capitalization stock that has everything to do with linear television, ESPN, exciting movies, cruise ships, theme parks… Who doesn’t want to know about that? Well, how about the people who just stopped going to Disney World with their parents, and it’s the last place they would ever be caught dead at?”

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Disclosure: None. This article is originally published at Insider Monkey.