MSN Money, 10/13/06
As Dow soars, Disney remains a steal

It's had hits ('Pirates of the Caribbean') and misses (ESPN by phone), but the good outweighs the bad as Disney continues its comeback under Iger.

By Jon Markman

The Dow Jones industrials may be at a new high as a group but, as I’ve said, there are still plenty of individual companies in the index that are undervalued and have a lot of upside if investors would just have more comfort with large-cap stocks.

With that in mind, it’s time to take a new look at Walt Disney.

Disney, at the moment, deserves credit for nailing several of the most important items on my must-have punch list. It has new management, successful new products and is near new one-year highs -- yet it is still not getting a lot of attention. It also earns an industry-leading return on invested capital, and it has made tough new decisions to get its financial house in order.
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