That might take awhile "sneaker". Current recommendations are between $80-85 a share (usually forecast for 12 months).
Don't get me wrong....I'd like to see $120 a share as much as anyone. When they did their last split (some years back), that was the price they split at.
In the meantime, earnings are due this week and an announcement date should be at the end of the month which will give us an indication of what (if any) dividend increase may occur. I'm expecting it to be raised to 90 cents from the current 75 cents, payable in January of 2014.
Today's price action worries me a bit even though the whole market is down. If they announce any decrease in margins from ESPN the stock will take a hit. A dividend increase would certainly help, and is way overdue.