Cramer Quick Take: Disney Delivers
NEW YORK (TheStreet) -- Both Walt Disney (DIS) and its CEO Bob Iger are winners, Jim Cramer told Nicole Urken at TheStreet.com Wednesday, as he opined on the company's latest better-than-expected earnings.
Cramer said that despite Iger telling investors that he would deliver on his promises, investors were still worried that ESPN had peaked and domestic travel would be crimped at Disney theme parks. Questions also circled about what Disney would do with its Lucasfilm acquisition.
But in the end, advertising at ESPN was up and theme park attendance was strong, just as Iger predicted, and the company also has big plans for the Lucasfilm brands. That's why Cramer said investors should buy Disney on any weakness.
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-- Written by Scott Rutt in Washington.
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