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The Walt Disney Company Message Board

  • matanks matanks Jul 7, 2008 9:39 AM Flag

    DIsney Downgraded !!! Target 29 !!

     

    I warnmed ou repeatedly but you laughed at me and bached me this exactly what I told you ! Now the pros who you listen to are telling you so you must do as you are tols as you always do and sell as you buy when they tell you to right ?
    Ahead of the Bell: Lehman downgrades Disney
    Monday July 7, 9:04 am ET
    Lehman downgrades Disney to 'Equal Weight,' says film, TV, theme parks to face difficulties


    NEW YORK (AP) -- The growth of digital content distribution poses a threat to Walt Disney Co.'s film and TV divisions, while the company's theme parks could see weaker attendance, a Lehman Brothers analyst said Monday.
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    Anthony DiClemente downgraded shares of Disney to "Underweight" from "Equal Weight" and cut his price target to $29 from $40. In premarket electronic trading, shares of the Orlando, Fla., company declined 92 cents, or 3 percent, to $29.98.

    DiClemente said the rise of digital distribution of film and TV content could significantly disrupt revenue and profit in those areas soon. He compared the scenario to that faced by the music industry earlier in the decade.

    "The structural shift created by ubiquitous technological change -- a shift that has materially impacted the music industry -- could also disrupt the core economic models of the film and television studios," DiClemente wrote in a note to investors.

    DiClemente also said that although Disney's theme parks appear to have been insulated from the broader economic downturn so far, attendance may soon begin to decline as the price of flights to Orlando -- home of its Walt Disney World parks -- continue to rise amid airline capacity cuts.

    A Disney representative could not immediately be reached for comment early Monday.

    The analyst also downgraded the broader entertainment sector to "Negative" from "Neutral," citing concerns over the affect of digital distribution on the industry.

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    • YUP!! This stock is going down. I sold today, and will wait until it hits 28 to buy again. ESPECIALLY ahead of earnings. You heard the analyst talk today. No firm is holding alot of this company before earnings. more will be sold.

      • 1 Reply to tquick157
      • DIS has outperformed the S&P 500 for the last

        3 months
        6 months
        12 months
        2 years
        and
        5 years

        One analyst is a blip on the screen. The geniuses at Lehman would do better to downgrade their own stock, which was down NINE PERCENT today.

        Half the kids 2-10 years old in the First World will want to own a copy of Wall-E. They will not be pirating anything!

        Meanwhile, the merchandise is huge, and Disney owns the liscensing on dozens of properties that spin off real goods. You can't download a Hannah Montana doll.

        So maybe the parks make a few less dollars this year. In the long run, there's no competetition. For children, Disney is a pilgrimage, not just an amusement park. That's not going to change.

    • Another naysayer...sheer irresponsibility. Disney will make its numbers...as it always does.... True target, 35 by Labor Day. Mark my words.

    • Lehman Brothers has no credibility. Lately they have been releasing more analalyst ratings and price target changes than any other brokerage firm to rack up transaction fees. Disney is going to have another strong quarter.

      • 1 Reply to praxisjones
      • Keep on giving these morons and self serving idiots at Disney your money. This company is going nowhere fast, look at the last 10 years. Just take a match and light your money up faster and less painful. This company is rotten to the core, who cares about Lehman, it's the garbage running this outfit stuffing their pockets full and you are fools to support them!!!

    • The Lehman analyst did not factor in the bursting the oil bubble, Iran cooling off, and the bottom in the Bear.

      If these are more true than not, this downgrade will be a non-event.

    • You are definitely a guru! What else is new? Every quarter there is an (anal)ist trying to bring Disney to it's knees.
      Disney has come in with knock out punches with great results. This quarter will be no different. Disney has outperformed the Dow so far this year and should reach new high in the second half when the Dow climbs over 13,000.
      Got Disney!!!

 
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