Adam Zuercher of Hixon Zuercher Capital Management presented his in-depth investment thesis on Walt Disney (US: DIS) at Best Ideas 2019.

Thesis summary:

Walt Disney is the world leader at the box office, their parks have no equals, and they are building an empire through mergers and acquisitions. The business is doing well and experiencing strong growth, while being fundamentally sound. Adam believes the best is yet to come.

Disney’s new family-oriented streaming service, Disney+, along with ESPN+ and the company’s majority stake in Hulu should provide growth for many years. The addition and growth of this new segment of the business should justify higher multiples for stock, which in combination with growth in other segments, makes Disney Adam’s best idea for 2019 and beyond.

Listen to this session:

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About the instructor:

Adam Zuercher is co-founder, Chief Executive Officer, and Chief Investment Officer of Hixon Zuercher Capital Management. As Chief Investment Officer, he oversees investment research and the development and implementation of the firm’s investment strategies. Adam serves as a co-Portfolio Manager and as chairman of the firm’s Investment Committee. Adam is also a member of NAPFA. Adam has experience providing investment management and financial advisory services since 1999. Prior to co-founding Hixon Zuercher Capital Management in 2002, Adam worked at a CPA firm for three years specializing in financial planning and investment advisory services for high net worth individuals.