Iger: The Market Is Reacting to How Disney Is Performing, Not to the Activist Fight

EXCERPT:

IGER: "Well, first, let's talk about the stock price. The stock is up over 40 percent since the beginning of October. There was a slight bump when he announced his -- his interest in basically the second proxy fight. And then actually the stock drifted down after that, and then it went up when we announced our November earnings."
FABER: “Yeah, I mean --"
IGER: "He then mentioned the slate and named the slate, it drifted up slightly, and then went down again. And then we had our February earnings which was sensational and it went up significantly. The market is reacting to how this company is performing. It was not reacting really to the activist fight."