market is ignoring what will be a pleasant surprise down the road at disneys studio division. everyone has added up the coming blockbusters pirates, ratatoule and national treasure, but they have not figured in movies like hogs that cost 50-60 mil. to make and will return big numbers on the net profit side. terabithia likewise. get ready for another couple of quarters of pleasant upside surprises.
that is my point the market is ignoring good numbers. the stock is trading at 17x while its historic average pe is about 24x. it will catch up once wall street believes the numbers aren't short term but a long term growth trend.