Even though Disney (NYSE:DIS) shares were basically flat for the past quarter (while the S&P 500 was up about 5% and some consumer indices were a little stronger), it's hard to overlook the 30%-plus gain over the past year. Along similar lines, while the company's core cable, international park, and movie business may have not done so well this quarter, Disney doesn't run itself on a quarter by quarter basis. With that, and the company's strong sports, movie, park, and IP franchises, it's hard not to like Disney as a company, even though the shares don't look particularly cheap.
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http://www.investopedia.com/stock-analysis/080713/little-noise-disney-earnings-shouldnt-matter-much-dis-fox-sne-cmcsa.aspx
Investopedia: A Little Noise In Disney Earnings Shouldn't Matter Much
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