Headlines for the fiscal quarter were reported after hours today. Share price, so far, has collapsed ~5% to ~$95. EPS of $1.36 missed by $0.04. Revenue of $12.97B (+4.1% y/y) missed by $220M. Horrors. The world has ended. Shades of 1929, people are jumping out of windows. The chatter is vociferous. Sell everything. Now, read the press release -- http://www.businesswire.com/news/home/20160510006839/en/ -- and see what really happened. Read the rest of the press release for the income and balance sheet numbers, and look for yourself. Cord cutting is a minor issue, essentially flat, and everything else is up. Note that $DIS made money year over year. Total revenue rose 4%. Because the company didn't meet analysts' expectations of even more money, lemmings, err, "investors" are rushing off the cliff. Ridiculous. Be smart. Look at such silly price action as an opportunity to establish or add to a position. (Same applies to $AAPL.) In Disney's case, look at the share price a month ago. That's where today's after-hours price is at the time I write this. Can't make this stuff up.