Cramer Cites Disney as a Buy

It seems that Cramer agrees with me that Disney is a pretty good buy according to this article.

Cramer praised CEO Bob Iger's assessment of the entertainment company's
strong theme-park revenues. "Iger said something fabulous on that call. ... It's
perfect right now. The economy's weak, so they don't have enough money to go
overseas." Cramer also noted that thanks to a weak dollar, people are coming to
the U.S. to vacation.

So people would rather go to Disney World instead of Europe so that they can keep their family vacations cheaper to save money. You still have to go on a vacation but driving to Orlando is much, much cheaper then flying to Paris. I wonder if those new stiff passport restrictions are keeping Americans away from the Caribbean and headed to Disneyland instead?

Now that, coupled with Europeans taking advantage of the weak dollar, is pumping up their theme park revenue even when the economy is slowing. Hmm, Disney may be a pretty decent recession hedge the more you look at it.