$126+!!! And this is supposed to be Disney's "bad" quarter!
Gee, you're right, those that shorted at $80 have certainly dug themselves a huge hole. They must still be there but we can't see them because they're still digging.
Btw, the WSJ has a big article today concerning the disarray at Time-Warner. Their whole movie operation appears to be in collapse. Last week the WSJ featured reports that Seagrams wanted to get out of its big mess at Universal, again with its movie operation in disarray. Eisner even estimated that Universal was overspending on its amusement part, $3 billion vs. Disney's $800 million for the amazing Animal Kingdom theme park. Considering the billions that Seagrams has lost by dumping Dupont for MCA, I'm surprised that there is not an all-out SH revolt.
The reviews of Animal Kingdom were all superlative, many even said that it was a superior experience to going to Africa. Looks like Universal can only expect its usual in the future, the overflow from Disney. And as someone here pointed out, Munlan is getting advance raves from those in the know - the best since Lion King!
What's your conservative guess for Disney, $50 post split in July? |
