Disney soars to all-time high
Shares are still riding a strong third quarter, but the company sure isn't sitting still.
By Alyssa Oursler
Shares of Disney (DIS) continued to ride the company's strong third quarter all the way to an all-time high of $51.24 Wednesday morning -- and Disney is doing what it can to make sure that ride keeps going.
Over the past 12 months, the worldwide media and entertainment giant has gained about 56%, with a nearly 36% climb in 2012 alone.
The company most notably cashed in on its 2009 acquisition of Marvel, as the studio's recent film "The Avengers" has grossed more than $1.49 billion in ticket sales worldwide and managed to balance out the flop of "John Carter."
And the good news doesn't end there. Disney also recently announced that the man behind the blockbuster hit signed on to make a sequel.
Plus, the entertainment giant's offerings, as you know, don't just end on the silver screen. The company is as diverse as any, boasting popular media networks -- including Disney channels, ABC and ESPN -- parks, resorts and consumer products.
And the company sure isn't sitting still in those regards either.
In the parks and resorts segment, for example, Disney is moving forward with a new theme park called Fantasyland set to open in December.
On the consumer front, Disney is opening its first Disney Baby retail store in California Thursday.
The company's line of infant apparel is already sold at retailers like Amazon (AMZN) and Wal-Mart (WMT), but Disney is looking to further build that line by opening more baby-specific stores and add the offerings to its Disney retail locations.
So if Disney can cash in on that success -- and continue to expand and improve all its offerings -- the stock could be set to soar even more.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned securities.
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This is the best day yet! You believe it and your entirely brain-dead! Hilarious! As some "Super Saver" employees are being given their pink slips...that means the unemployment wil tick down to to 7.9 % ..... we are one sick dependent welfare State. Viva Los Estados Unidos y mi .... you get it!
What have I been telling you 99 percenters??? BUY DISNEY and VOTE OBAMA !!!!
SEPTEMBER IS A DOWN MONTH FOR ROMNEY, NOT STOCKS!!!!!!!!!
DISNEY ON FIRE.........WHOOOOOOoooooo!!!!!!!!!!!
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The solid report comes a month after the retailer closed all of its Canadian operations.
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