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Technology Stocks : Walt Disney
DIS 103.41+0.1%Nov 26 3:59 PM EST

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To: Captain Jack who wrote (1811)8/10/1999 10:03:00 AM
From: Mike 2.0  Read Replies (1) of 2222
 
The Angels are 46-64 and last in the American League West. They
suffered a 9-3 loss to the Boston Red Sox on Sunday in front of 31,664
fans at Edison Field.


As a Red Sox fan, with the Red Sox in a big fight with Toronto & Oakland for AL East wildcard slot, I am most appreciative of the pathetic play of Anaheim. Sox took 3 of 4 with relative ease, Anaheim rolled over and played dead in the previous game of the series as well, final score something like 14-3. If I was a DIS shareholder I would be most UNinpressed with this investment. Sports teams are more of a trophy business than a money-maker AFAIK. They should take a page from BUD strategy, they shed Cardinals ownership long ago, raking in the bucks on two core businesses: beer and theme parks. Selling off non-strategic assets, though, would help...I think...

While Disney is at spinning off their net assets, how about they throw in ABC to boot?

Last note: DIS listed in latest Worth as one of 10 stocks to avoid. The analyst who made the picks this issue gave a fair value for DIS of $22. FWIW...at some point I will probably pick up some DIS, but not yet...
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