Walt Disney Stock
Walt Disney reaches highest price seen since May 2001
I sold my Disney yesterday, after being up 42.06%. I bought on October 13, 2005 at $23.15 and sold yesterday at $33.32.
My investing strategy is to only sell as much as my initial investment, and hold the remaining stock as my “profit”. Therefore, I still hold 20 shares of Disney. So far, I’ve done the same for Family Dollar (FDO), Dolby (DLB), Jet Blue (JBLU), Navteq (NVT) and Disney (DIS). Instead of cash as my profit, I have stock in these companies. Good for diversification.
Disney is a stock I would like to own. Unfortunately the company’s close to 0 growth and its huge debtload prevent me from buying it now. I’ll keep an eye on it