Darkbeer
11-04-2002, 02:04 PM
Disney stock soars (http://orlando.bizjournals.com/orlando/stories/2002/11/04/daily10.html) - Orlando Business Journal, 11/4/02
QuikQuote: The Disney Co., like many media companies, has struggled with a flagging share price since midsummer. A hoped-for rebound in attendance at theme parks in Orlando and other regions has failed to materialize. Recent predictions of a modest fourth quarter did not bolster investor confidence.
However, in an interview with Barron's, two analysts stated that Disney stock was undervalued, given its cash flow and international assets. In recent weeks, it has been trading in the $16-$17 range. Analysts for both Harris Associates and UBS Warburg are quoted as saying they believe Disney could be worth much more than its recent price — if it were broken up and sold.
QuikQuote: The Disney Co., like many media companies, has struggled with a flagging share price since midsummer. A hoped-for rebound in attendance at theme parks in Orlando and other regions has failed to materialize. Recent predictions of a modest fourth quarter did not bolster investor confidence.
However, in an interview with Barron's, two analysts stated that Disney stock was undervalued, given its cash flow and international assets. In recent weeks, it has been trading in the $16-$17 range. Analysts for both Harris Associates and UBS Warburg are quoted as saying they believe Disney could be worth much more than its recent price — if it were broken up and sold.