Cramer: Why Disney just can't miss
Jim Cramer | firstname.lastname@example.org
I think the combination of the quality of the film and the success of "The Avengers," which gave it a real boost, is driving huge intent here. This also bodes well for the rest of the schedule: "Thor," "Captain America," and, of course, "Avengers 2," which comes out the same summer as "Star Wars 7" in 2015. And to think that Disney actually sold down when CEO Bob Iger paid $4 billion for the rights to "Star Wars" and the rest of LucasFilms.
Plus, people are still paying up for ESPN, the most viable programming out there--just look at the success of the NFL draft coverage--and the theme parks are doing amazingly well.
This is what happens in a bull market. Things go the bulls' way, including a darned movie.
Bull markets have execution risks, but when the executioners are like the folks at Disney, somehow it all comes together, and the stock analysts who downgraded the company on its last earnings report and on the LucasFilms purchase--and those who listened to them--just never get a chance to get back on.
Disclosures: Cramer's charitable trust has no positions in the stocks mentioned.