Albert Fried's Richard Tullo said today that Disney (NYSE: DIS) buying Twitter (NYSE: TWTR) makes no sense at current levels.

While Tullo noted that there might be some strategy behind streaming online video, but Twitter is expensive on just about every metric.

Tullo cautioned that Twitter shares could be "broken" if no bids are made.

Albert Fried doesn't rate Twitter.

Twitter is up 1.3 percent in afternoon trading.

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Analyst That Covers Both Disney (DIS) and Twitter (TWTR) Warns Disney NOT to Do ItSeptember 27, 2016 8:17 AM Twitter (TWTR) Risk Skewed to the Downside Amid Rumor-Fueled Surge - SunTrust's PeckSeptember 26, 2016 5:32 PM Twitter (TWTR) options active on Disney (DIS) working with advisors on potential bid, Bloomberg reportsSeptember 26, 2016 2:03 PM salesforce.com (CRM) Ticks Higher on Reports Disney Looking at TwitterSeptember 26, 2016 1:51 PM Disney (DIS) Working with Adviser on Potential Twitter (TWTR) Bid - BloombergSeptember 26, 2016 1:48 PM Standpoint Research Downgrades Twitter, Inc. (TWTR) to ReduceSeptember 26, 2016 10:49 AM