Disney, EA Have More Than ‘Star Wars’ to Force Shares Higher

Shares of Disney have dropped over 8% this year as concerns about the company’s ESPN business have proven stronger than the lift it is getting from 'Star Wars.'
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Shares of Disney (DIS) have dropped over 8% this year as concerns about the company’s ESPN business have proven stronger than the lift it is getting from 'Star Wars.' Christopher Baggini, portfolio manager of the Turner Titan Long/Short Fund (TSPCX), said don’t count out the Mouse-House, the proverbial force is still with it. 'The company has more products than just ESPN,' said Baggini. 'Obviously ‘Star Wars’ was a much bigger hit than expected going into the holiday season, but there is more after ‘Star Wars’. There’s more after Marvel. 'The theatrical releases they have coming up in 2016 and 2017 are terrific.' The Turner Titan Long/Short Fund is down % thus far in 2016, according to fund-tracker Morningstar. The $41 million fund sports has returned an average of 1.6% annually over the past three years, outpacing 91% of its peers in Morningstar’s market neutral category.