Disney (DIS) missed it’s expected earnings number yesterday after the bell. This was primarily driven by cost overruns on a particular movie, and by weak attendance numbers at their primary amusement parks. The drop off can easily be explained by people delaying their Disney world visits in anticipation of the opening of Star Wars land in FL. The stock could potentially fall to $130 before finding support, but DIS has long term value as a company, and will have a very strong income stream with the release of their Disney+ streaming channel.

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