Gabelli Funds Research Analyst Hanna Howard in Bloomberg

Disney Investors Look Beyond Board Battle as ‘Cheap’ Stock Soars

As Walt Disney Co. looks set to conclude a showdown over the composition of its board, bulls have sent the stock soaring.

The shares have rallied nearly 35% this year, more than triple the gain of the S&P 500 Index. Buoyed by better-than-expected earnings, a new strategy for ESPN and Hulu and cost-saving job cuts, the stock has outperformed the 25% rise of streaming rival Netflix Inc. in that time.