Jim Cramer Comments on How Walt Disney (DIS)’s Shares Could Have Trimmed Losses

We recently published 16 Latest Stocks on Jim Cramer’s Radar. The Walt Disney Company (NYSE:DIS) is one of the stocks on Jim Cramer’s radar.

Cramer discussed The Walt Disney Company (NYSE:DIS) in the context of the sluggishness in linear television and the firm’s latest earnings call. Not only does he believe that linear is phasing out, but he added that management should have been more aware of the problems during the earnings call:

“[On holding 104 yesterday and issues regarding cruise lines] But it’s linear, I mean linear, oh god, I spend a lot of time on linear, and it’s just so radio and so evening newspaper, it’s just, look there’s nothing wrong with people who got in linear. But it happened. Linear moved, things, the younger people moved from linear. And the younger people, like you can’t, they don’t say, hey you know what, it’s time to get serious about linear. They just don’t do it.

“[On notes about linear being a disappointment but luckily being a small part of the business] I listened to Hugh Johnston and I like Hugh very much. But I didn’t like the, on the one hand everything’s great, and then on the other hand, the market told you it wasn’t. You have to be careful, to keep your credibility, it’s very important to have credibility at all time. And that was not a good quarter. I knew it the market would react to it, I saw it, I said, oh man, that’s down 10. And I’m listening to the CFO, I, the CFO has to be cognizant, that when a stock’s really bad, you don’t just stand there and have fingers in the dyke. You say okay listen, there’s some problem. But we’ll beat them. That stock would have down five if had said that. Maybe four.”

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Disclosure: None. This article is originally published at Insider Monkey.