Disclaimer: This is NOT a stock recommendation. If you take this as any sort of advice, it's highly likely that you'll lose all your money and it will be no one's fault but your own.
Now, that I've said that...on with the post.
I have NEVER made a stock pick on this blog, and I'm not going to start now. At heart, I'm an index fund investor and, if anything, I'm trying to decrease the number of individual stocks I own.
That said -- I bought Disney stock on Friday.
Why? Two words: Steve Jobs.
In case you haven't heard, Disney is buying Pixar and Jobs is set to "become the largest shareholder at Disney and take a seat on the entertainment giant's board." That's all I need to know.
Jobs first made me a ton of money at Apple.
Then he made me a ton more at Pixar.
Now, I'm betting he'll do the same at Disney.
It may take five or more years for him to get things humming, but so far, this guy has had the golden touch everywhere he's been. I'm willing to wait for it to happen again at Disney.
What a coincidence, I bought a stake in DIS before earnings yesterday... it was a nice turnout today.
Posted by: jim | February 07, 2006 at 10:00 PM