Posted Wednesday, October 22, 2008 10:18 AM | Contributed by Jeff
Shares in The Walt Disney Co. slipped further than the overall market Tuesday after two analysts raised concerns about the impact the economic downturn would have on theme park attendance and advertising revenue at its ESPN and ABC units.
Read more from AP via Business Week.
...on the other hand, movies (still some of the cheapest out-of-the-house entertainment around) might do really really well, and Disney makes those, too.
I know it means nothing, but my local cineplex was packed to the rafters this past Sunday night.
^ Movies and it's cheap for for europeans to travel over here now since the value of the dollar is so low...
These analysts need to just STFU and stop scaring people! Outside of the stock market it's not all that bad is it?
Disney has said that they'll roll with the challenges, but they also said that the diversity of their product is what helps them battle big swings in either direction.
I know online ad spending is down. This is one of the worst months for advertising on this site that I've seen in a very long time. All the more reason that I'm grateful for the club members!
since the value of the dollar is so low...
Not anymore. The pound, which was near $2 just a month ago, is down near $1.60 today. The Euro was around $1.55-$1.60, and is down under $1.30 today.
Hell, the CAD is down to $0.80---and it was above par just this past summer, about $1.03 or so.Last edited by Brian Noble, Wednesday, October 22, 2008 9:46 PM
I don't see the bottom dropping out of the Hannah Montana and High School Musical markets anytime soon. These analysts crack me up--- oooh, the stock is ONLY going to make $2.24 per share this year. How many tech companies never made a dime, yet their stock prices kept going through the roof a few years ago (thanks to the analysts)?
Yeah this kind of doom and gloom is just silly, for example take a look at Disney's biggest shareholder who has seat on the board, his little fruit companies results are just plain ridiculous in the good sense. I mean they sold more mac's in Q1 than any previous Q of the companies history.
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