Bad New for Eisner Bashers: Favorable comments from Barron's

[Peter Pirate]

Over the weekend Barron's said Disney stock is undervalued and worth 30.00 per share...An endorsement that sent the stock soaring at opening today (up over 1.25 at the moment).

This bodes well for the Company obviously but not for those hoping for a quick change in leadership, I guess.
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[Sarangel]

I read that report, and (as I recall) it placed that valuation on it only if the company was broken up into its divisions. It would look really bad on Eisner's record if he was brought in to keep the company from being broken up in the 1980's, only to have it broken up under his reign in the 2000's...

Sarangel

[Peter Pirate]

The report did mention the total break-up value but didn't specifically say the valuation upgrade was predicated on this...It did say Disney was undervalued and was a good buy (as it is, I assume)...
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[Another Voice]

And Mr. Pirate, isn't the headline on the cover of Barron's read "The good news is that Disney's problems are fixable with -- or without Eisner"?

Seems to hardly be the stunning and wonderous endorsement of St. Mike that we hint it is.

And think about this - according to the report Disney is worth far more dismantled into pieces than it is being run as a whole by the current management.

Isn't that EXACTLY the same situation that Ron Miller, Card Walker and all the evil Walt people left the company in? What does that say for Eisner's handling of the business.

[Peter Pirate]

I'm not defending him AV, I would like to see a change too. I just think things keep plodding along and not much BIG ever changes. An increasing stock price certainly helps his situation (up 1.55 now), don't you think? And as Scoop says, a little bit of luck and he's a hero again (not to us maybe, but to the Wall St. guys & shareholders).

Further, I'm not saying that it's a good thing that they (anybody) be considering a selling of the parts to maintain "the Company"...
My only controversial comment was the title of the thread... :)
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[raidermatt]

I don't think there's anything really new, other than the specific target price of $30. As far as I know, everybody pretty much agrees that the value of Disney's assets is higher than the current stock price.

Most view that as a negative comment regarding current management, as they are responsible for the company performing so far below its potential.