Jim Cramer on Disney Stock and the Importance of Discipline

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Jim Cramer, in this exclusive preview from his August Action Alerts PLUS investing call, broke down his latest thoughts on Disney  (DIS) - Get Walt Disney Company Report stock and what he wishes he had done differently. 

Transcript: 

I'm talking about Disney. I wanted to buy this one so badly in the downturn last week because the facts have changed. And you knew this. I know that we do all these calls and daily, and you might not have time to listen to them. But I talked with Jeff about how much I like Disney.

 Two quarters ago, the CEO of Disney spent too much time talking about Disney+. And I feared we were about to go down the same path as we did when we talked too much about ESPN and, before that-- believe it or not, I'm so old-- ABC. This is a one-trick metric story that I didn't want the company to be beholden to especially near the end of a pandemic.

We don't want to just say, oh, there's all this other stuff, but look at this plus number. Sure enough, the next quarter, the one just announced, the CEO Bob Chapek told a great story about all of the good things that can happen with Disney, no matter what. That's what I wanted to hear.

 It came back down, but we just couldn't pull the trigger because of our restrictions. Although we told you to buy. What do you do when you miss something? Do you chase?

 No. You say, "darn it. I missed it. But my discipline says, I have to wait for a pullback." Well, forget it because we are too close to the high. And so it remains on our watch list.

To hear Cramer's full August Action Alerts PLUS call or to take a look at the latest moves from the AAP team, head to Action Alerts PLUS today. 

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