EDITOR'S NOTE8/11: Wall Street can't be trusted to do any serious research. Disney shares took a hit this week on concerns about theme park earnings with the current state of the economy. If you look back, the parks do a steady business whenever the economy gets tough (with the period after 9/11 one of the few exceptions). Even Walt Disney himself was reportedly amazed at how well Disneyland did when the US economy hit a rough patch a few years after opening. Yes, they are always adjusting discounts, but they still keep raising admission and other fees. - Al Lutz
Al needs to do his own research. The story posted in MiceChat business section shows theme park revenue rose 12 percent to $3.2 billion, despite offsetting theme park/resort bussiness in France and Tokyo (the latter mostly due to the earthquake).
"In many ways, the work of a critic is easy. We risk very little yet enjoy a position over those who offer up their work and their selves to our judgment. We thrive on negative criticism, which is fun to write and to read. But the bitter truth we critics must face, is that in the grand scheme of things, the average piece of junk is probably more meaningful than our criticism designating it so. But there are times when a critic truly risks something, and that is in the discovery and defense of the new. The world is often unkind to new talent, new creations, the new needs friends." - Anton Ego