Was Jim Cramer Right About These 16 Stocks?

14. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Investors: 111

Cramer had mixed emotions about The Walt Disney Company (NYSE:DIS), admitting that he held on too long but he was still optimistic about the possibility of a future turnaround. Here’s what he said back then:

“I fell in love with Disney, and when you fall in love, your judgment goes boom. […] Disney’s ill-advised purchase of Fox should have made me cut and run. A broken balance sheet made it a broken stock for multiple years. I still believe Disney’s got a great set of franchises. The balance sheet’s been fixed because the company generates a ton of cash. […] Do I think Disney will come back? Yes. But that’s not the question, why did I buy it so bad?”

Ultimately, shares of Disney have fallen by 6.57% since those comments but nevertheless, Cramer remains hopeful for the stock. Here’s what he said on the 19th of February:

“You need someplace to go, don’t you? I keep hounding you to buy Disney stock because it’s doing so well, yet all people seem to care about is some weak link in the cable business, which I think is going to pick up sooner or later. Anyway, theme parks—yes, they are expensive, but that doesn’t seem to stop people from going.”