Jim Cramer on Walt Disney: “I’m Sticking With It”

The Walt Disney Company (NYSE:DIS) is one of the stocks Jim Cramer recently talked about. A caller asked whether they should sell their stagnant shares and invest in something else. In response, Cramer said:

“No, I said the same thing to Jeff Marks. You know, Jeff runs the Chaitable Trust with me, and I was fed up. I just said, how long? How long? But the fact is there’s value there and someone’s going to bring out the value, and when it happens, I gotta be in Disney. I can’t just say, you know what, I am bored with the stock of Walt Disney Company. There’s value. I’m sticking with it.”

The Walt Disney Company (NYSE:DIS) creates and distributes film, television, and streaming content. The company also operates theme parks, resorts, and cruise lines, and licenses its intellectual property for merchandise, media, and entertainment experiences. Answering a caller’s query about the stock during the October 20 episode, Cramer stated:

“Okay, I think at this level… It’s good. I did speak a lot with Jeff Marks about it. I expressed some displeasure today, saying, ‘Oh my god, it’s still at $111. I thought it should be at $120.’ I think it gets to $120. At $120, we’re going to have to reconfigure and rethink.”

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