Disney Stocks Downgraded

Concern about consumers discretionary spending has downgraded Disney stocks in the eyes of many money-market managers. This is even when Disney has outperformed past predictions and expectations.

Bazinet acknowledged that Disney has performed "extraordinarily well" over the last 18 months, which boosted performance across all segments.

But in 2008, Bazinet expects a waning economy to overshadow these improvements, with "early, tangible" signs of weakness in Disney's parks segment.

So, after the recent dive that the stock market has experienced, did you go on a buying spree of Disney stocks? We did! :) Currently, it is trading below $30, and could possibly be as low as $26. So damn right we've been stocking up (no pun intended) on a few more Disney shares! It certainly is the lowest it has been in a while.

Zz.