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Thursday, December 18, 2008

Disney

Walt Disney Co have been holding up this year in the stock market, and better then any of the their competors. But now Wall Street is saying the their stocks are becoming too expensive for how the economey is right now. Nathanson from wall street rates Disney shares "market-perform" with a price target of $22 -- 7% below the pr ice at the time his report was published. Disney stock rose 4.4% to $23.78 on the New York Stock Exchange Tuesday, in line with the broader market. It has traded within a 52-week range of $35.02 and $18.60.

With all the jobs being cut and people not having as much money to spend on wants they are cutting back. Sure parents would love to take there kids to Disney Land, but the truth is how many of them can afford it? And now that their stock prices are raising less people are aslo buying their stocks and there money is going down all around.

i got this article from http://uk.reuters.com

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