DISsing DISney Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DISsing DISney

DIS 111.25

-0.3%

9:41 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brad White who wrote (64)	3/6/1998 11:25:00 AM
From: paulmcg0	Read Replies (1) of 136

If Disney is such a great investment, how come Barron's financial newspaper shows them with a -negative- book value of -$2.83 per share? This means that the company owes more than it is worth. I suppose they don't believe Disney's claim that their "intangible assets", like the value of their brand names and "accumulated good will" is worth the 16.095 billion dollars that Disney claims in their most recent (Feb. 98) financial report. This report is online at: sec.gov And, as far as money owed by Disney goes, the financial report shows that they owe 6.831 billion in accounts and taxes payable, 12.003 billion in borrowings (bonds and loans), and 1.804 billion in deferred income taxes, under Disney's liabilities. If you think Disney is such a hot investment, buy more! But, my prediction is that Disney's stock price could drop as low as $70 in the next year or so, if they have lower than expected earnings. Paul McGinnis

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next