Epics, I do agree you're absolutely right that the near term earnings will be bad, but what I tried to say is that if DIS metamorphoses into An Internet Stock With Any Earnings Whatsoever Plus Giving A Dividend, it COULD suddenly find itself in a rare position of visibility, familiarity, and with it's shares in demand regardless of a downturn in the earnings pattern. The comparisons would be coming from an altogether different point of view, then.
Yep, I just bought more shares so this is what I HOPE will happen. But I also put the elements together that led me to concur that, quite possibly...it shall, and soon. Should DIS enter the Wild West Adventureland Category of Internet Stocks, the previous fundamentals for evaluation of it might no longer apply. For instance, put DIS at
$ 36 a share next to EBAY at $223 a share and compare scope, substance, yield, P/E, earnings, history, and value. No one today compares these two, but if DIS changes Category, they might. This is the only reason I think it's possible to see it give a big surprise, and soon. Holding DIS long, regardless of the near term; it should do just fine.
Joana |
