Breaking Down Disney Price Action After Iger's Return: 'Best-In-Breed' Or Dead Mouse Bounce?

Breaking Down Disney Price Action After Iger's Return: 'Best-In-Breed' Or Dead Mouse Bounce?

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The immediate price reaction to a change in leadership at a major company can be very misleading. The reason: the non-stop pumping from the media creates a euphoria that may be overdone. A case in point is Walt Disney Co DIS, which on Monday brought back its former CEO Bob Iger to replace Bob…

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