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Friday, Nov 9
2012, 12:54 PM
Disney (DIS -5.3%) continues to trade lower as a host of analysts lower their expectations for...
Disney (DIS -5.3%) continues to trade lower as a host of analysts lower their expectations for the company primarily due to fears advertising revenue could be under pressure. Comments from execs on yesterday's earnings call (transcript) highlighted the idea the company is transitioning from an investment phase (Lucasfilm, Cars Land, Disneyland) into a growth mode. Reading between the lines of analyst comments, Disney investors may have to play a waiting game for those investments to pay dividends and for the economy to turn around to help drive revenue higher.