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Technology Stocks : Walt Disney
DIS 104.40+1.0%10:40 AM EST

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To: Raptech who wrote (1717)7/8/1999 4:22:00 PM
From: Chip Roos  Read Replies (1) of 2222
 
I bought alot more today at 27 3/4 to average down to about 29.
I love this kind of company in a market filled with overvalued stock prices. Disney has alot of problems currently but I think the price reflects this. And I hope and expect that patience will pay off here.

Disney is a "catagory killer" much like Wal-Mart, Coke, IBM and others. I bought Wal-Mart in 1995 and waited two years for the move but then it moved bigtime. With a few breaks and an uptrend in a few of Disney's businesses, I think we'll be rewarded.

I don't like Eisner but the Disney name and experience is a franchise that is on sale in the market right now. It may dip a few more points but in the long pull, we'll do well.

Best of luck to us all.

Chip
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