Was Jim Cramer Right About These 12 Stocks?

3. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Investors: 106

Cramer had mixed feelings about The Walt Disney Company (NYSE:DIS) at the time, acknowledging both its upside and ongoing issues.

“Disney traded all the way up to 120 when Nelson Peltz got involved. I think it can get there ultimately.”

However, he expressed frustration with Disney’s execution and management decisions.

“The company’s screwed up. It’s got to do better. If it doesn’t do better, it’s going to be on the firing line, and there’s nothing wrong with that.”

After being asked by a caller, Cramer dismissed the idea of making investment decisions based on taxes, saying:

“We care about the fundamentals. We don’t care about taxes.”

His opinion was that Disney had upside potential but needed serious improvement.

Ultimately, the company has indeed managed to improve, and its share price reflects that, being up 17.69% since then.