And once again, it triggers a sell the news knee-jerk reaction after the stock rallied in after hour action.
So Disney isn't worth 13X earnings next year's earnings?
Give me a break.
Where did Drew Brees go after the Super Bowl?
And "Alice in Wonderland" will be released on March 5th.
If Wall Street is stupid enough to sell it on this news, then buy it from them!
5 comments:
You're invited to "Alice's Tea Cup," Steve. Beats Disney's estimates until critics and audiences have their say. Bring Kate--she'll dress up the occasion.
Buy up those DIS FEB Calls....take ur pick....all the prem will be out by the opening bell....
NYC baby!!!!
Palmoni. what are your thoughts on GOLD right now?
is the carry trading moving away from the dollar to the yen? and if there are more soverign wealth issues will gold go up?
Bought the Feb 29 calls this morning!!!
Be a double my tomorrow!! Free money!!!!!!
Barrons said buy the Disney dip:
Barrons.com suggests investors "buy the dip" in Walt Disney shares
Walt Disney's (DIS) shares lost 1.8% in midday trading Wednesday, to $29.29, despite reporting better-than-expected Q1 earnings and revenues. The company's media networks and studios saw an uptick in profit, but results were weighed down by its theme parks and consumer products divisions. The slowness in Disney's theme parks is a story that has long been baked into the stock, says Barrons.com. Yet, what is promising is Disney's upcoming slate of movies and fare for its television networks, which consumers have not been forced to abandon. The company said that advertising rates are up 30% at ABC, while its networks as a whole, which make up the company's largest division, saw an 11% jump in profit and a 7% increase in revenue. Disney's shares are downright cheap, says Barrons.com, trading at 13x expected forward earnings, with more than $5B in operating-cash flow supporting their respectable 1.2% dividend.
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