On hated stocks

There are a number of previously great companies out there trading at depressed values. VERY depressed.

3M (MMM) is one of them, weighed down by US Army earplug lawsuits.

Boston Properties (BXP) is another, back at 15-years-ago levels! Based on mismatch between office building supply and demand.

Disney? (DIS) It's not down as much as these, and it's also not clear how many negatives are left to play out.

For Disney, I'm encouraged that I see adults in the boardroom now, who seem willing to take tough steps to kill off money-losing experiments and focus on execution. I also wonder how many people there are still left to sell the stock ....