Got Money? Disney Stock's In The Bargain Bin

[tjcjr]

Shares in The Walt Disney Co., one of the components of the Dow Jones industrial average, were down 6.8 percent at $27.53 at midday Monday, the lowest they have traded since Jan. 23.
The slump was part of a widespread collapse in stocks, with the Dow off 432 points, or 4.2 percent, to 9892 in midday trading amid fears that a global financial crisis is on the horizon despite bailout efforts by the U.S. and other governments.
Shares in media and entertainment companies are increasingly hard hit because the financial meltdown is expected to crimp consumer spending, cause a slowdown in advertising and hurt theme park attendance.
Last month, Disney Chief Executive Robert Iger told journalists in London that Disney's travel and tourism business, encompassing its theme parks in the U.S., was "defying gravity given the circumstances." He said the key was tourism from abroad encouraged by the weak U.S. dollar.
He expected advertising revenue to be hurt at Disney's ESPN and ABC networks but said ads represented only 20 percent of the company's overall revenue

Source: Disney shares drop almost 7 percent

[Olympicnut]

Last I checked today it was around $23 I bought at $25 about 10 years ago and this is the first time it's been below that. In fact, just last week it was at $35!

[DonaldDuckFan]

The long term futures of this stock should be bright. if you have some extra cash and buy some shares and don't look at them for a year or two, you should make out pretty good.

[FantasticDuck]

Ok, I'm new to reading about stocks and the market with the economy lately. But Disney is always something I've been interested in. How does the Disney stock fair usually? Parson my ignorance on the subject matter...

[Alan]

It moves slow, really slow. That is until it comes crashing down. This is a very long term investment.