Free Republic

Walt Disney DIS –2.97% stock was nearing a one-year low on Monday morning as the entertainment company’s recent slide continued. Walt Disney stock (ticker: DIS) was down 1.5% to $87.32, while the S&P 500 SPX +0.29% index was up 0.2%. Disney was the second-worst performer in the Dow Jones Industrial Average DJIA +0.19% , which was up 0.1%. Only Verizon Communications VZ –4.85% (VZ), down 3.2%, had fallen more. Disney shares are up just 3.7% from their 52-week closing low of $84.17 on Dec. 28. If the stock falls below $83.83, it would mark Disney’s lowest close since 2014. Shares...

The Death Spiral. When companies enter it, I always go back to the legendary quote from Supreme Court Justice Potter Stewart (he was offering an opinion in a case regarding hard-core pornography): ''I know it when I see it." I onboarded a new account this week, and one of the first things we did was dump Disney (DIS) . The client had some other long-term winners, and I let those go, but as far as DIS, I couldn't wait to dump that one and put it into one of my beloved preferreds, in this case we chose (PACWP) , PacWest's...