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Deleveraging Continues

As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.

-Minyan Jim

Two Ways To Play: 7 Dwarves, 62 Pennies

Terry Woo Jul 30, 2008 4:55 pm


	Strengthen your portfolio in good times and bad.

Walt Disney Company (DIS) comes with a beat. After today's close, the second-largest media company in the U.S. reported results for the third quarter. Earnings came in at $0.62 per share, a penny better than consensus estimates. Revenues rose 2.1% year-over-year to $9.24 billion vs. expectations of $9.14 billion.

Disney reported that operating income at its parks and resorts increased 3% year-over-year to $641 million which was mainly due to Disneyland Resort Paris. That park saw higher guest spending and attendance likely due benefits in currency.

Professor Jeff Macke mentioned Disney today in Nintendo Ruins Sony's Fun.

From the Bull Pen: Professor Macke favorably mentioned Disney as more of an investment and despite the consumer spending concerns, he stated he was willing to add to his position on any weakness.

From the Bear Cave: Could Dish Network (DISH) be the better downside play? A rally towards the $30 mark could have bears initiating a starter position.

Tags: DISH, PARKS, NETWORK, MEDIA, WALT, RESORT


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No positions in stocks mentioned.

Terry Woo is an Editor at Minyanville Publishing & Multimedia, LLC.

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