
First On CNBC: Disney CEO Bob Chapek Dives Into the Latest Quarter
CNBC's "Fast Money"
00:00
Is This a Company That Is Going to Be Spending More?
steart: I think the problem that i run into when i'm looking at this company is this. This is a company that for so many years traded in the teens as far as it's p e. Here we are, trading in the upper thirties for p e. But you know, you go back to where dan lobes said they have to spend a lot more on streaming. That was october 20 20. The stock moved up 73 % from that level to over 200 dollars. It's been building a base right around these levels. So it's not a terrible entry for disney. Obviously, you want to give it a couple of day rule here, but you
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