Topic: How To Invest

Power Growth Investor Hotline – Friday, January 31, 2020

Article Excerpt

WALT DISNEY CO., $138.31, is a buy. The entertainment and media conglomerate (symbol DIS on New York) plans to launch its direct-to-consumer streaming service Disney+ in Western Europe on March 24. That’s a week earlier than planned. Disney+ will launch in the U.K., Ireland, France, Germany, Italy, Spain, Austria, and Switzerland. Other Western European markets, like Belgium, the Nordics and Portugal, are expected to get Disney+ by summer 2020. Subscribers can watch the streaming service on nearly all major mobile and connected TV devices, which include gaming consoles, streaming media players and smart TVs. Meanwhile, the company should make a solid $7.90 a share in 2020, and it trades at a reasonable 17.5 times the estimate. That p/e is attractive for investors, especially given Disney’s strong growth prospects—including the expanding reach of Disney+. Walt Disney recent coverage: Hotline for December 20, 2019 December 2019 issue ALAMOS GOLD INC., $8.35, is a buy. The gold miner (symbol AGI on Toronto), took its current form in July…

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