SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Buffettology

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LauA who wrote (1700)7/24/1999 2:15:00 AM
From: James Clarke  Read Replies (4) of 4656
 
Disney

"Zippedey doo da, Zippeday 'ey.
For internet presence we're gonna overpay.
Plenty of losses comin' our way.
Zippedey doo da, Zippeyday 'ey"

My question is what price Disney? 25? 22? 20? This puppy is clearly a Buffett stock, and the stock price is disintigrating under current management. (Remember what Buffett says - buy a business that could be run by morons, because someday it will be - that is where Disney is today). These guys just bought out a large internet company at a premium to the market price. And then Eisner shows up on CNBC talking about what a great deal it was. You just want Bambi to grow some horns and gore him.

And if they are doing deals like that, I don't know how relevant any valuation analysis can be. I am interested below 25, but I have a lot of trouble having much conviction.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext