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The Mouse House finished the day at $35.21, up 22 cents and a new 52-week high. That's on top of a 52-week high on Thursday. Disney's ascent is getting to be an old story; in 2006, Bob Iger's first full year as CEO, shares increased 43 percent, compared with an 18 percent drop between 2000-2005. And since Disney is a Dow component (the only media stock in the 40-stock Dow Jones Industrial Average), it's played a role in the market's overall performance. Credit Suisse analyst William B. Drewry in a client note dated Thursday reiterated an "Outperform" rating on the stock - just the latest bullish sign among analysts. How much longer can the good times roll? I haven't the foggiest, but in looking at the stock chart, I can't imagine this is a very good time to buy.
*Iger pay: Disney's proxy filing shows the CEO making $25 million last year. That includes a $2 million salary, a $15 million cash bonus, $4.3 million in long-term incentive payouts, $666,285 in other compensation and stock options valued at about $2.92 million. Included in the package was an automobile benefit of $14,400, personal air travel ($68,000) and personal security ($579,000). CFO Thomas O. Staggs received $11.2 million. Bloomberg
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.