Disney’s stock is dropping, and I expect to drop some more before the next CEO is decided upon. Recent press releases have hinted that the hurricane trio that hit central florida have done more damage to the park’s bottom line and future earnings than previously thought. Also Bob Iger has been stuck with the role of doling out bad news, such as the recent Pixar announcement. So his chances at earning the top spot appear to be waning. I don’t know about you, but I’m buying if it drops much below $20.00.
Disney’s Stock is dropping
- by John Frost