That said, keep in mind that Comcast recently took home the unwanted honor of being voted the third-worst consumer-facing company in America, as told by the folks at Consumerist.com.
Disney, on the other hand, has been delighting consumers thanks to its massive library of characters from Disney Studios, Marvel Entertainment, Pixar, and, thanks to its latest acquisition, Lucasfilm. Once Disney is done at the box office, it can translate that success to its television networks and to merchandising with its Consumer Products division, the latter of which grew income last quarter by 35% year over year.
Finally, remember that Disney can also sell its merchandise at — you guessed it — its multiple theme parks, the admission for which those millions upon millions of excited consumers should have no qualms paying more for.
In the end, that’s why I remain convinced Disney stock should have no problems continuing to set new record highs for the foreseeable future.
The article $20 Says These Price Hikes Won’t Hurt Disney Stock originally appeared on Fool.com and is written by Steve Symington.
Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Amazon.com, Netflix, and Walt Disney (NYSE:DIS). The Motley Fool owns shares of Amazon.com, Netflix, and Walt Disney.
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