Walt Disney Co (DIS)

[Family Guy 1]

Why didn't you buy when it was $95.00 just recently. You could have made a boatload of
money again. Earnings, ESPN, and the flash crash contributed the price drop and it all
happened in a relatively short period of time. Even with all of that, the price was at $95.00
or lower only two days so good luck with that. The big news with ESPN laying off 300
people is less than 1/2% of Disney's US payroll.They likely hire and fire more than that
every month. The market has considered this already and has felt that earning potential is
still far greater. ESPN revenues are a considerable part if Disney's revenue stream, but last
I checked ESPN is still wildly popular and the market believes Disney has a plan to keep
revenues coming in.