Disney Stock Downgraded

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TURKEY

New Member
Do you know how many so-called analysists are out there? Dozens and dozens. Some of them were holding and even recommending Enron once their troubles were announced.

I've seen several change outlooks on Disney in the past few weeks.
 
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pheneix

Well-Known Member
Original Poster
Yes, there are many analysts, and most of them are biased. The sad things it that many investors listen to these analysts as a guide for what they should buy. Even worse for Disney is that the general consensus is that Disney's stock is way overvalued. I can't remember where I read that at this morning, but I'll get a link to it soon.
 
MrPromey

MrPromey

Well-Known Member
Originally posted by turkey leg boy
Today, JP Morgan initiated coverage at BUY with a price target of $26.
Click to expand...

It's also worth a mention that Disney just uncovered an accounting error that actually under-reported their earnings for the past two years by nearly 50%... This is of course, a numbers things that doesn't actually result in the company making more money (follow the link below for the full story) but it does give the company"s value a major boost.

http://stacks.msnbc.com/news/773901.asp
 
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pheneix

Well-Known Member
Original Poster
>>>Today, JP Morgan initiated coverage at BUY with a price target of $26.<<<

They said the same thing about AOL, claiming that "AOL is in a position to gain marketshare" or something of the sort. Considering how bad of a hole AOL is in, anyone who claims that they are a buy needs their head examined.

And as for the accounting error, that was reported a couple of weeks ago. It had no effect on the stock price.
 

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