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Everything you know about growth and value stocks is about to flip
Is Walt Disney Co. a value stock? Many believe it is, since it satisfies many of the criteria for a high-quality stock with relatively low valuation. Prior to the pandemic, for example, Disney’s forward-looking P/E ratio was around 16— below that of the S&P 500 SPX, +1.68% .
Fast forward 12 months, and “Disney’s financial and valuation picture [will be turned] upside down,” according to Kathleen Houssels, who until the end of March was Global Chief Investment Officer at AXA Rosenberg Investment Management. Given reasonable assumptions about its price and earnings, Houssels says, it’s entirely possible that Disney’s DIS, +3.40% forward-looking P/E will be a sky-high 110 a year from now.
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https://www.marketwatch.com/story/everyt...2020-05-07
Is Walt Disney Co. a value stock? Many believe it is, since it satisfies many of the criteria for a high-quality stock with relatively low valuation. Prior to the pandemic, for example, Disney’s forward-looking P/E ratio was around 16— below that of the S&P 500 SPX, +1.68% .
Fast forward 12 months, and “Disney’s financial and valuation picture [will be turned] upside down,” according to Kathleen Houssels, who until the end of March was Global Chief Investment Officer at AXA Rosenberg Investment Management. Given reasonable assumptions about its price and earnings, Houssels says, it’s entirely possible that Disney’s DIS, +3.40% forward-looking P/E will be a sky-high 110 a year from now.
...
...
https://www.marketwatch.com/story/everyt...2020-05-07
