When the show started i claimed i was 61. It was better to be a younglooking 61 than an oldlooking 50. Yes. On still one more day when the market was all over the place the dow seeking a hundred points. Nasdaq. 35 . I want to talk about the Old Fashioned notion of judging companies not by what they are, but by what they can be. Consider the Walt Disney Company. Disney reported much better than expected earn ings. To quote bob eiger, i am thrilled to report that the performance was the single greatest quarter in the history of the Walt Disney Company and a start to fiscal 16. He said revenue is up. Net income up 32 . Adjusted earn ings up 28 to a buck 63 which is the highest quarterly per share ever. And the tenth consecutive of earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in the businesses. With this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bu
But by what they can be. Consider the Walt Disney Company. Disney reported much better than expected earn ings. To quote bob eiger, i am thrilled to report that the performance was the single greatest quarter in the history of the Walt Disney Company and a start to fiscal 16. He said revenue is up. Net income up 32 . Adjusted earn ings up 28 to a buck 63 which is the highest quarterly per share ever. And the tenth consecutive of earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in the businesses. With this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bucks or 4 today. It hit a new low of 86. Now in heck is that possible. How can a stock like clorox with meager growth sell 26 times earn ings while disney sells less than the average stock in the s p 500. How does hormel, the maker of spam, trade literally at twice the price to earn ings multiple of this
Earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in the businesses. With this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bucks or 4 today. [ booing ] it hit a new low of 86. Now in heck is that possible. How can a stock like clorox with meager growth sell 26 times earn ings while disney sells less than the average stock in the s p 500. How does hormel, the maker of spam, trade literally at twice the price to earn ings multiple of t ts amazing company. The answer on wall street is simple. Much of disneys growth comes from espn. Though ieger tells us 95 of sports with 81 of those viewers watching espn which engages more than 200 million adults across its platforms. The fact the espn doesnt have as many people watching over cable as it used to. Thats all the analysts care about. Just listen to the questions in the Conference Call after the presentation
Points. Nasdaq. 35 . I want to talk about the Old Fashioned notion of judging companies not by what they are, but by what they can be. Consider the Walt Disney Company. Disney reported much better than expected earn ings. To quote bob eiger, i am thrilled to report that the performance was the single greatest quarter in the history of the Walt Disney Company and a start to fiscal 16. He said revenue is up. Net income up 32 . Adjusted earn ings up 28 to a buck 63 which is the highest quarterly per share ever. And the tenth consecutive of earn ings share growth. Our long term Strategic Focus in investment and brands and franchises are drawing value in with this good news how much did the stock go up today. Three, four points . Wrong. In fact, it plunged. It lost more than three bucks or 4 today. [ booing ] it hit a new low of 86. Now in heck is that possible. How can a stock like clorox with meager growth sell 26 times earn ings while disney sells less than the average stock in the s p 5
Now in heck is that possible. How can a stock like clorox with meager growth sell 26 times earn ings while disney sells less than the average stock in the s p 500. How does hormel, the maker of spam, trade literally at twice the price to earn ings multiple of this amazing company. The answer on wall street is simple. Much of disneys growth comes from espn. Though ieger tells us 95 of americans with a bundle watch sports with 81 of those viewers watching espn which engages more than 200 million adults across its platforms. The fact the espn doesnt have as many people watching over cable as it used to. Thats all the analysts care about. Just listen to the questions in the Conference Call after the presentation to see how laser focused the wolf pack Analyst Community is on this one issue. Not the theme parks, the star wars down the park. Not pirates. It got so bad that a respected analyst on the call asked eiger maybe it would be better to split the company to nonneed wra get it away. Bri