Mickey Mouse Accounting
Read the full article at: http://barelkarsan.com/2008/11/mickey-mouse-accounting.html
Submitted by sajid.karsan on Tue, 2008-11-18 13:46.
(via barelkarsan.com)
Consider The Walt Disney Company (DIS), which operates theme parks, owns a movie studio, and has an extensive media network (e.g. television stations). Disney has strong, well-recognized brands, has great margins, and has a P/E under 10. Its stock has dropped from about $35 just a few months ago to its current price under $20! As a result, it has undoubtedly popped up on the radar screen for a few value investors with long-term outlooks.
