America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
The Richest Woman in the World: How Gina Rinehart Earns her Billions
The Walt Disney Company's (DIS) Toy Story 3 is now out in the marketplace. Shareholders should be happy, right? This is the one everyone has been waiting for. This is the movie that will really justify the expensive Pixar purchase the Mouse made in 2006.
So far, though, I've been disappointed with the shares. They haven't done what I thought they would do. In fact, earlier in the year, I expressed a belief that the stock might hit $40 around the time of the sequel's release.
Prince of Persia The Sands of Time posts
FeedDisney's 'Toy Story 3' Is Here: Does the Market Care?
Continue reading Disney's 'Toy Story 3' Is Here: Does the Market Care?
'Shrek' Surprises in Third Weekend
DreamWorks Animation's (DWA) Shrek Forever After is an overall disappointment (in my opinion, at least) because of its relatively weak opening theatrical gross, but I am impressed by its third-weekend performance. According to early estimates at Box Office Mojo, the cartoon, distributed by Viacom (VIA), is in the top spot yet again. It took in $25 million at domestic theaters, and its total gross so far stands at over $180 million. Surprisingly, Get Him to the Greek, from General Electric's (GE) Universal Pictures, made only $17 million. That was good for second place, but I thought it would have easily done over $20 million. Universal has to be at least a little down on this debut, but I knew the project's relatively low budget, which is reportedly $40 million, would offer some room for spinning. This Reuters article quotes an exec doing just that.
Disney's 'Prince' Turns Out to Be a Frog
Last week, I said DreamWorks Animation (DWA) bombed with Shrek Forever After. This week, it's the Mouse's turn to fail miserably. Disney (DIS) was supposed to have a blockbuster on its corporate hands in Prince of Persia: The Sands of Time, a project that was produced by Jerry Bruckheimer, the same man who turned Pirates of the Caribbean into a major film franchise. After looking at the Friday-through-Sunday estimates, I can see that the company has nothing on its corporate hands, unfortunately. According to early numbers from Box Office Mojo available at the time of this writing, Persia settled for third place with $30 million.
Remaining Bullish on Disney After Q2
Walt Disney company (DIS), the media giant that competes with CBS (CBS), General Electric's (GE) NBC Universal, and News Corp. (NWS), reported Q2 earnings after the bell on Tuesday. After reviewing them, I think it's safe to say management did a good job of delivering a solid quarter. But . . . what about the stock?That's the big question mark. During yesterday's after-hours session, the stock was down 3.5%, or over a buck at one point. Obviously we'll have to wait and see where the shares end on Wednesday after the regular session to get a better feel for what the traders think, but there's no question that the Mouse has had a slightly rough time in the last several sessions.
Is It Finally Time to Be Bullish on Disney?
I haven't been bullish on Disney's (DIS) stock for quite a while. I own a long-term position, but I haven't added to it for years (I do, however, allow the annual dividend payout, too small that it is, to be reinvested). I'm waiting for the day when the shares finally break through $40. Disney hasn't seen $40 since, well, I don't even want to think how far back that price level goes.
This past week has been fascinating for the Mouse's investors. The media business was upgraded. There's been interesting activity going on in the company's options, as Schaeffer's Investment Research indicates. And the stock hit a fresh 52-week high of $33.22 on Friday; in fact, it closed at the 52-week high, right before the weekend, no less.
Continue reading Is It Finally Time to Be Bullish on Disney?
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
