James Gorman

Gorman argues Disney is strategically sound and undervalued despite a decade of flat share performance. He points to the streaming business having been fixed and now profitable, the company leaning into its deep intellectual property, and $60 billion of capital investment in new parks, rides, and cruise ships. He highlights a scarce asset base including seven movie studios, global parks, ESPN, and cruises, plus a large cruise growth runway with only seven ships versus competitors' 100 ships and mid-90% capacity utilization. At about 15 times earnings, he calls the stock a tremendous opportunity for shareholders over the next decade.