The pun is all too easy, but we'll make it anyway: Someone at Walt Disney must have been feeling really Goofy to post their anticipated earnings report at an obvious URL address. A Bloomberg reporter, with some mild sleuthing, found the report on November 11 and leaked it 30 minutes before the set time, causing a last-minute crash to the stock, because yes, disaster can strike that quickly.
A look at Disney's trading for the day shows a steep fall right at 4pm, when the report leaked. Not surprisingly, the report bore bad news: a 6.7% fall in fourth-quarter profit for the year.
That's enough to make even Mickey Mouse shed a tear.
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