Jim Cramer gave his take on Disney after CEO Bob Iger unveiled a restructuring and cost-cutting plan for the company.
"[Disney] could never unlock their value under the old regime because management seemed incapable of articulating a clear narrative for the whole company," he said, adding, "But Iger is just such a better storyteller."
He also applauded Iger for pushing to reinstate Disney's dividend by year's end. The company suspended the dividend in early 2020 due to the Covid pandemic.Disclaimer: Cramer's Charitable Trust owns shares of Disney.at no cost to help you build long-term wealth and invest smarter.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
Read more »
Wednesday's 'Homestretch': Why Jim Cramer says he can't wait for stocks to closeJim says it's all down to Club holding Alphabet (GOOGL) and it's disappointing AI event to showcase its new rival to ChatGPT. A transcript will be added shortly.
Read more »
Jim Cramer says he’s intrigued by these 10 top performing S&P 500 stocksJim Cramer said that he's intrigued by winners this year like Tesla, Meta Platforms and Nvidia.
Read more »
Jim Cramer explains why market bears should pay attention to economic commentary from companiesCramer explained why market bears should listen to commentary from companies rather than Fed officials.
Read more »
Disney will report earnings for the first time since Bob Iger's return – what to expectDisney reports fiscal first-quarter earnings after the bell. This is Bob Iger's first earnings release since returning as CEO in November.
Read more »
Disney+ Drops 2.4 Million Subscribers in First Loss, Bob Iger Heralds ‘Significant Transformation’ UnderwayDisney+ dropped 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House&8217…
Read more »