After the dismal failure to come of the Tarzan cartoon (gee...didn't somebody already do this as George of the Jungle?) the stock will probably go to about 20, then possibly creep up to the current high by mid-2000. How could these guys do something so STUPID! How much did this glorified cartoon cost them?
Regardless of DIS new age liberalism, which Walt would be thoroughly disgusted as most of us are (BTW, I am not a Baptist), the fundamentals are just not there for this stock to move anywhere but down.
If DIS has anything brewing that could change this picture, I am not aware of it.
From what I've heard Sports Group (SPGK) is going to pick up another $1 million in financing. This should expediate their opening of 600+ stores world wide. Yes, by all means DD shows this to be a $5.00 stock. It is just a matter of PR getting the word out.
Well, look for Blackwell to start treating this company like a public company. A big PR push is coming. If all this pans out we should see up to $2.50 in a couple of weeks and the deserved $5.00 by the end of summer at the very least.
With all the pullbacks in the net and tech stocks, this is a very real opportunity in an old fashioned retail type industry.