Like most investors, I don't care for uncertainty. Not only in the marketplace on a macro level, but in the individual stocks that I own. I should say, especially in the individual stocks that I own. Take Coca-Cola
Or consider Disney
Hollywood Reporter said that Weinstein was due to meet with Disney execs yesterday for a powwow on the subject of his continued involvement at the media conglomerate. There are all kinds of theoretical structures being expressed as to what outcome might arise. Weinstein might leave and his brother Bob might stay behind, the Miramax brand might go away, but the Dimension label would remain, there would be an outright sale of Miramax assets, and so on.
I don't know what the ultimate outcome will be, but I know one thing: I want this issue resolved as soon as possible. A lot of readers out there may disagree with the significance of this particular situation, and I'll allow that I'm not about to lump it in the same league as the Pooh legal fight. But Disney's movie division has been struggling lately, and Eisner himself has said that Miramax has been profitable in a sporadic fashion, stating that the division "has made money two of the last five years," according to the Hollywood Reporter.
Movies are an important earnings driver to any big media concern such as Time Warner
Fool contributor Steven Mallas owns shares in Disney and Coca-Cola.