Jim Cramer says activist investor Nelson Peltz’s new battle with Disney is warranted
Publishing timestamp: 2023-10-10 10:55:02
Summary
The article discusses activist investor Nelson Peltz's new fight with Disney over board seats and the direction of the company. Peltz had previously called off a proxy fight in February but has now returned, seeking multiple board seats and pushing his turnaround ideas. Disney's shares have fallen roughly 24% as the company struggles to make streaming profitable. Peltz has expanded his stake in Disney to 30 million shares, worth over $2.5 billion. CNBC's Jim Cramer acknowledges the decline in Disney's stock and understands why shareholders would question its value.
Sentiment: MIXED
Tickers: DIS,
Keywords: breaking news: technology, breaking news: business, business news, walt disney co, jim cramer, nelson peltz, investingclubsample, investment strategy, technology, stock takes, breaking news: markets, media, markets,