DIS is a strong buy given low multiple (13.9x vs >20x avg), profitable streaming (195M subs), full capacity in experiences/cruises, and $10B FCF.

And now, let's talk about the next project on your list today, Disney. Is this a bet on live streaming? Well, first and foremost, the live stream is performing well.

Meanwhile, Disney shares are trading at 13.9 times their five- year average of over 20 times. The new CEO is running the testing department. All departments are operating at full capacity and growing at a rate approaching two decimal places.

The experiences, what do you think of the 12 cruise ships, the 57 hotels , and the 12 theme parks, all operating at full capacity? Live streaming , with 195 million subscribers, is second only to Netflix and is now profitable, with operating income of $700 million.

Everyone said he would lose money forever. But that's not true. Now, they are merging it with ESPN, the number one sports brand. By the way, ESPN will be showing this year's Super Bowl .

All ads have already run out. They are achieving tremendous success. Whether it's theme parks, they are opening a park in Abu Dhabi, or experiences, the highest return on invested capital is in cruise ships.

They will be adding two new cruise ships this year that have been booked years in advance. Or perhaps it has to do with the low multiplier. Disney does that. If we look at Disney’s history over the past fifty years, we find that it stabilized for eight years and then rose sharply for another five years.

Good. Yes. We have been doing that, and we are impressed with the new CEO. Incidentally, they generate $ 10 billion in free cash flow annually. Therefore, they will buy more shares. We cannot ask for more than that.