Walt Disney Co (DIS)

[Cincy1]

I think that DIS will not run up until they can show something good about ESPN. I don't think it matters what the earnings show. The statistic engrained into investor's minds are ESPN revenues. If there isn't something good coming out of ESPN, it doesn't matter what the parks or movies produce in terms of net income, people will believe that DIS is doomed with ESPN pulling them into the land of overpriced stocks. DIS won't see any fruit coming out of ESPN for at least another quarter or two. I see DIS staying in the low 90s for a while. Perception triumphs over reality.