For weeks, no make that months, many CAPS players have announced here that we are heading for a cliff. This rally we were in was a fake rally. [more]
So, Disney is buying Marvel. Great if you owned MVL (like I did) at the time of the announcement. But not so great if you believe in the superhero potential MVL was sitting on. That is now being diluted by all the other stuff Disney owns. Some of that is pretty good (the parks come to mind), but a significant part of it is not all that good (ABC, anyone?). I just don't see a lot of synergies allowing for cost savings, or Hannah Montana fans becoming Iron Man fans because of this. And at $49 (roughly what MVL is going for at the time of writing), you are not leaving much money on the table. [more]
From 60 cents to $1.60 today!
All on news that they are now giving away calls to 60 countries? Can anyone explain the business sense of this to me? I don't get it!
Can't wait until tomorrow so I can reopen my underperform call on these guys...