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Jim Cramer Says Be Patient With Disney Stock

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Here’s one. How about Disney?  (DIS) - Get Walt Disney Company Report Hoo, boy, that one’s killing me. I mean, was there any reason to believe in this thing at all? Wasn’t it just ESPN? Are ESPN’s subscriptions going down? But I have known the CEO at that point, Bob Iger, for a very long time. I worked for him in the 90s when I was Good Morning America. A very smart man. He traced out a vision for Disney Plus, basically to replace ESPN. He didn’t say it that way but that’s what it came out. We bought in. We held the stock. And we bought in, but most didn't. And then, of course, when there's a pandemic, well, jeez, it was a free for all.

But like I've been saying, management is a known quantity. I believe others have just come around to my vision. And now that they think that the pandemic might end, well, that's really fabulous when you come in at $180. I mean, I think that this is a classic case of others being late. Oh, yeah. And what's going to happen? Well, how about the fact that you might be selling the stock right now ahead of the biggest tourist attractions opening around the world when Covid-19 gets beaten? Yeah, I can't blame anyone for buying at $180. I like that we bought it for $110.

Oh, here's another one we've been second-guessed endlessly. This is you and me being second-guessed, ... you and me being told that we don't know what we're doing. DuPont  (DD) - Get DuPont de Nemours, Inc. Report. … Ed Breen is the CEO. … I've known him for 25 years. He has a terrific grasp on what needs to be done. I have faith in him and I believe that he has set up a diversified portfolio of good assets like he did at Tyco. And you know what? And we're going to talk about this. But DuPont worked. Look at the darn thing. It is up 4 today. It is one of the hottest stocks in the market, it’s up 5%. We've had a huge run. What did it do? What did it require? It required patience. Pain taking and patience.

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