WALT DISNEY COMPANY:

complete an analysis on Walt Disney stock including description of the business, economic, industry and financial statement analysis as well as equity valuation and then provide the following:

1. Provide an opinion on Walt Disney stock using Morningstar's approach; zero stars (strong sell) to five stars (strong buy).

2. support your opinion from your analysis.

3. compute a 12-month target price for the company's shares

4. outline risks that would put your analysis in doubt

5. identify factors that will drive sales and earnings