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The Walt Disney Company Message Board

  • irosen1 irosen1 Mar 7, 1998 11:44 AM Flag

    Excessive Multiple

    With DIS at a PE higher than it's been over the past 5 years, and the announcement that they will miss their numbers in the latest quarter, isn't this stock in for more profit taking?

    Earnings Can't take it higher. PE expansion seems like a stretch. And what if park traffic and box office traffic stay slow. It still looks like too much good news priced into DIS. It seems like PE contraction is more appropriate.

    What does anyone else think about the near term.

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