Disney Shares drop 10%

[inlovewithWDW]

Disney Shares drop 10%

OUCH!!

http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=DIS

Actually, this would be a great time to buy at this low price!!

 

[pheneix]

>>>Actually, this would be a great time to buy at this low price!!<<<

If you are buying some Disney for the sake of owning a piece of it, go right ahead, because this is a good time. However, if you are investing in the company to get rich, stay the hell away from them and go invest in Viacom! This earnings report pretty much killed any chance of the stock making a recovery (yeah, they met expectations, but that doesn't change the fact that this quarter was one notch above abysmal), and the warning for Q4 has beaten the living hell out of the stock price (which wasn't in any hurry to out perform the market anyway).

It is NOT a good time to be a Disney shareholder.

 

[JLW11Hi]

Originally posted by pheneix
It is NOT a good time to be a Disney shareholder.

Awwww hell.