Why I'm Not Selling My Walt Disney Shares

Let's be honest: Walt Disney's (NYSE: DIS) fiscal 2017 wasn't very impressive. For the first time in nearly a decade, the largest monkey in the entertainment jungle posted declines in both revenue and net profit. In the closing quarter of the year, both of those line items landed well below the average analyst estimates.

By all rights, we should have expected the stock price to take a hit on the news. It didn't, though, and that might be because many shareholders still feel bullish about the company's prospects. I think there's plenty of justification for this.

Image source: Walt Disney.

Source: Fool.com