If history’s a guide, Disney shares could be due for...
If history’s a guide, Disney shares could be due for a good run, following a year of heavier-than-usual capital spending by the media company, Sanford Bernstein analyst Todd Juenger wrote investors Thursday. He said there were five instances of one-year…
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spikes in capital spending since 1992. Three of those years preceded a year of outperformance of Disney’s stock relative to the S&P 500, he said. “Capital spending has likely reached near-term peak."