Jim Cramer, host of Mad Money on CNBC and head of the CNBC Investing Club, called the Walt Disney Co. (NYSE: DIS) a “hobbled company with a suboptimal balance sheet” on Twitter (TWTR). Nonetheless, he says Disney’s got a sticky lifetime customer base. Following Disney’s solid second-quarter beat, Cramer took to Twitter to share his thoughts on the stock. The investment pundit believes that Disney’s balance sheet is not “good enough” in the current macroeconomic backdrop. The reason for the weakness, he says, is the “ill-advised Fox Buy.” The Walt Disney Co. acquired 21st Century Fox for $71.3 billion, way back in March 2019.
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Walt Disney (NYSE:DIS)
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