Pali Research Cuts Disney (DIS) To Neutral, Citing Valuation Gap

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Pali Research took the bold step of downgrading the Mouse House, The Walt Disney Company (DIS), to neutral saying the valuation gap with its large cap media peers cannot be ignored.

Pali notes that Disney trades at 13.1x their 2009 estimates, versus 8x for Viacom (VIA.b), 9x for News Corp (NWS.a). Pali said Disney deserve a premium given its superior asset mix, but they can no longer rate the stock a Buy.

Read more….

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

COIN Vol: 11,782,497
META Vol: 45,071,230
GIS Vol: 26,748,203
PLTR Vol: 57,328,239
ELV Vol: 2,075,218

Top Losing Stocks

GLW Vol: 22,054,644
KLA
KLAC Vol: 24,012,460
TER Vol: 5,428,696
MU Vol: 49,949,941
AMAT Vol: 15,768,126