<<Does anyone have any idea why DISNEY is down 4 today so far? This seems a trifle excessive.<<
Two brokerage firms have cut estimates, believe one is USB. USB cut estimates yesterday, the other cut estimates today. Excessive? I personally thinks DIS is overvalued, a great stock to own for the long haul though..
Recall WEB's comments regarding flunking anyone who would provide an answer to an examination question asking the value of an internet company.
Perhaps WEB dislikes all the internet purchases of Disney (UNLIKELY)! (Joke, like ha ha, pls don't spam me.)
There is a good article in this month's Fortune about WEB and how he may say he doesn't like technology, but he is a BIG advocate of intellectual capital (excellent managers like James Crowe), and intellectual property (Cocacola=tradesecret, recall they spun off all bottling in Goizetta days).