08-05-2015, 04:15 PM
(08-05-2015, 03:08 PM)Rasec Wrote: Is Disney a buy/bargain at this price point ($110)?
I know I'm probably in the minority, but I wouldn't be interested until it got in the low $90's. Its normal PE over the last 10 years is 17.8, and the last 5 is 17.2.
With an expected $5.05 in 2015 earnings an 18 multiple would put "fair price" at about $90.90.
It is an outstanding company, but at current prices of 24 times earnings its too expensive in my opinion.