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  • fimtinnegan fimtinnegan Jul 30, 2008 10:42 PM Flag

    bought more @ 29.51

    "The theme parks posted a 5 percent rise in revenue and 3 percent gain in operating profit, driven by strong performances at Walt Disney World Resort and Disneyland Resort Paris.

    Attendance dropped 1 percent at domestic parks, offset by a rise in average guest spending. Hotel occupancy at U.S. resorts dropped to 92 percent from 93 percent a year earlier."

    Those are the facts. DIS beat estimates, period. You can't spin your way around that.

    But ... what happened to our expert bluman?: "not a chance that earnings will beat.... food and fuel inflation are eating up discretionary income faster than a disney merchandise shop."

    Wow. That's about as wrong as you can be.

 
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