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What? Did they not think job cuts and a slump in the stock would happen after inhaling Pixar?

Published: Thursday, July 13, 2006

So major job cuts are expected at Disney and on top of that the stock isn't behaving well. So are we at all shocked at any of this? NO!. What we would be surprised at is Mike Eisner building up a small family oriented entertainment company and pitching a sale to Disney to get back into the Disney fold. But then again that's a little far fetched and besides, the guards at Disney HQ are on a shoot to kill policy if they spot Eisner even 100 feet from the entrance.



Disney lost 97 cents, or over 3 percent, at $28.94 in afternoon trading on the New York Stock Exchange. In the past year, the stock has moved between $22.89 and $31.03. CIBC analyst Jason Helfstein cut the stock to "Sector Underperformer" from "Sector Performer."

Helfstein said Disney is positioned to deliver strong earnings growth in the second half of 2006, but "we believe this is already priced into the stock."


Should Disney CEO Bob Iger be worried? NAH. Afterall he did what the board wanted Eisner to do, take Pixar by the balls.

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