There’s lots to talk about at Disney’s shareholders’ meeting on Tuesday, but at the top of the list will be the steep decline in share price. It’s tumbled about 30% since the first of the year. (See the chart below)
Of course that’s not to say Disney isn’t making headlines.
The firm has renewed its commitment to going green and on Monday made the stunning announcement that it planned to cut carbon emissions in half by 2012. Ultimately Disney hopes to eliminate greenhouse gas emissions all together – and not only at its offices, but also its retail stores, theme parks and cruise lines.
And Disney knows a thing or two about hits.
Just last week Disney said its teen franchise "High School Musical" is coming back for a fourth time -- but with a new cast of characters. Also last week, Disney said it’s considering creating a subscription-based online movie and TV rental service from the company's vast video library.
With so much in the works, what’s the 911 on Disney?
For insights we turned to Pali Research media analyst Rich Greenfield who has a “sell” rating on Disney.