Why You Should Buy and Hold Disney for the Next 50 Years
Referring to The Walt Disney Company (NYSE: DIS) as anything less than an integral part of America's culture would be a disservice to 96 years of record-making history.
From its studio entertainment and media networks to its direct-to-consumer and international segments, Disney touches the lives of millions. Its ongoing business operations show no signs of slowing down -- and that was made clear in its latest earnings release.
In its fiscal fourth-quarter earnings report, released Nov. 7, the company's revenue increased by 34% year over year and topped earnings-per-share (EPS) expectations by $0.12. In response, Disney's stock surged more than 5%.
Source Fool.com
