Don't Be So Down on Disney
Mickey Mouse is bound to be a victim of the credit crisis, or so says The Wall Street Journal. How does it know for sure?
Well, it doesn't.
In a WSJ article about Disney (DIS) today -- "Headwind Threatens Disney Parks: Global Economic Slowdown Promises to Take a Toll on Next Year's Bookings" -- actual proof (such as hard booking information) is absent. Even well-founded intuition, which is far easier to come by, is nonexistent. There is no mention of troubling indicators, such as, say, an increase in promotional activity.
And yet there is that dire and scary sub-headline, which has all the subtlety of a finger in the eye.The business media are always stepping over the line -- and usually at just the wrong time -- between too positive and too negative. They give voice to the madness of the panicked or elated crowd, even as they push it further in the direction it was going, and much of what The Business Press Maven has done in the past couple of years has involved waving big red flags about how the business media were too blindly positive. And now? Well, such corrosively negative articles as this one are still infrequent, but the times, they just might be a-changin'. Look at how this article reaches too far and contorts itself too much in order to conjure up doom for Disney. The first half of the lead is fair enough: "Walt Disney Co.'s theme-park and resort unit has coasted through months of mounting U.S. economic woes ..."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV