Wall Street's Turning on Disney at the Wrong Time
Everyone is getting picky when it comes to Mickey these days. Shares of Walt Disney (NYSE: DIS) have fallen out of favor with the investing community, failing to crack above the triple-digit price ceiling for more than a month. Analysts aren't waiting around to see if things will end happily ever after in this seemingly abandoned fairy tale.
Disney stock is trading just 12% above its nine-year low. Normally this would be a dinner bell. A top dog in entertainment -- if not the top dog -- and the shares are currently fetching a forward earnings multiple in the mid teens. However, instead of backing up the truck, investors are backing up the moving truck.
A pair of pessimistic analyst notes on Wednesday are a sign of the times. Disney may be down, but it's certainly not out. The House of Mouse is not a broken home, even if the stock chart comes at a sharp contrast to an otherwise resilient market these days.
Source Fool.com
