"Companies dependent on consumer spending have been under a cloud on Wall Street," cautions Chuck Carlson, a top expert on high quality stocks and dividend reinvestment plans.
"However, Disney (NYSE: DIS) is one of those consumer-dependent stocks where conventional wisdom may not be correct," he adds in his The DRIP Investor. Here, he looks at what he calls a "solid value."
"With $4-per-gallon gasoline, one would think that the high cost of travel would take some steam out of the firm’s theme park attendance. However, recent results on this front were decent, and the firm’s other businesses have held up, too.
"To be sure, a prolonged recession would impact business. Still, Disney has done a nice job of positioning
its theme parks as an affordable vacation for families, and that should help it continue to weather
economic weakness.
"Disney surprised Wall Street with the
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$30.9 (07/03/08)
