Disney (DIS): Should It Invest More in Cruise Ships or Theme Parks?
The Walt Disney Company (NYSE:DIS) is expanding its cruise fleet while travel demand remains resilient and operating costs rise. Familiar characters can sell vacations, but ships create shareholder value only when fares cover construction, operations, and continuing investment. The Walt Disney Company (NYSE:DIS) has a forward P/E of 14x versus 21x trailing. Impairments and acquisition […]
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