Not just for kids anymore
WE ALL KNOW Disney and most of us (even those without kids) spend money that ends up in this corporation’s bank account via movies, theme parks, TV channels and of course merchandise.
The stock has sold off some 20% in recent months on the back of concerns around Disney- r un ESPN ( the US equivalent of SuperSport) and weaker profits from the unit.
But Americans are as sports mad as we are and ESPN is the dominant player in that space – profits will bounce back.
More importantly, a seriously huge deal for Disney is the Star Wars franchise it bought for $4bn (R53bn) last year. Star
Wars is the largest movie franchise in history and with a new series of movies and a range of merchandise being released, Disney will make profits that exceed the purchase price in a short period of time.
Disney is a New York-listed company, so in order to buy, one would need a brokerage account that enables transactions in the US. This is easy enough as many local brokers now have international offerings.