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Message
Anybody else think Disney Stock hits low 70's on Wed??
Posted on 8/7/23 at 5:12 am
Posted on 8/7/23 at 5:12 am
I am an unfortunate holder of this stock with an avg at around 130. I havent bought any shares in like 7 or 8 months but if this hits low 70's on bad earnings which i'm expecting i may double my position. I think Disney is pretty close to it's lowest point as far as brand/movies in a very long time. I know alot of people hate Disney right now but 5 years from now buying it in the 70's will hopefully have been a great decision. Anybody else loading up if it gets in the 70's on Wed?
This post was edited on 8/7/23 at 5:16 am
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Posted on 8/7/23 at 6:40 am to FLObserver
I sold at a loss.
The lgtbq deal is going to run continue running off families from their products.
The lgtbq deal is going to run continue running off families from their products.
Posted on 8/7/23 at 7:19 am to KillTheGophers
They have a pride collection category on Disney plus. What fricking retards are running this ship? frick Disney.
Posted on 8/7/23 at 7:21 am to FLObserver
Disney is a very interesting long term buy since you’re basically paying for the parks and getting the media side for free. The rub is how much that media side should be worth at all.
Posted on 8/7/23 at 8:17 am to slackster
I just bought last week.
Posted on 8/7/23 at 8:35 am to slackster
quote:
The rub is how much that media side should be worth at all.
Yes, that is the big question mark… especially ESPN. I’ve been selling calls against a 95 assignment from the last earnings call. At the current level, unless it truly craters (again) after the upcoming earnings call, I’m content to hold and continue wheeling for awhile. With the frequent option sales, I’m not that far off break even at this point.
Posted on 8/7/23 at 9:09 am to slackster
quote:
Disney is a very interesting long term buy since you’re basically paying for the parks and getting the media side for free
disney will always be the king of parks but when universal opens epic universe in 2 years I think it will take a good bite of of disney. Nintendo and how to train your dragon will be a huge pull for younger families
Posted on 8/7/23 at 9:40 am to FLObserver
Disney is fully committed to woke. I honestly don’t think they care about losing money at this point as long as they are praised by the alphabet mafia. They have ruined all of their movie franchises recently. Snow Off White will be a huge flop next year. At least Bud stopped digging their own hole but Disney is buying an excavator. This stock will go lower.
This post was edited on 8/7/23 at 9:43 am
Posted on 8/7/23 at 9:49 am to FLObserver
I’m at 67 shares at avg cost of $87.4. I’ve been slowly buying as it sits in the $83-90 range. I’ll continue to buy small increments if it retracts into the $70’s.
DIS has lost any momentum in the near term. Investor sentiment is abysmal. However, this is a long term hold for me, at least 20+ years (for reference I’m in my late 30’s). I’ve done pretty well in the past buying blue chip stocks when they were “down” and temporarily out of favor (ex. BA, CVX, and IBM).
Iger shopping stakes in ESPN is interesting. They need to get out entirely.
DIS has lost any momentum in the near term. Investor sentiment is abysmal. However, this is a long term hold for me, at least 20+ years (for reference I’m in my late 30’s). I’ve done pretty well in the past buying blue chip stocks when they were “down” and temporarily out of favor (ex. BA, CVX, and IBM).
Iger shopping stakes in ESPN is interesting. They need to get out entirely.
This post was edited on 8/7/23 at 9:51 am
Posted on 8/7/23 at 10:13 am to skewbs
quote:
Iger shopping stakes in ESPN is interesting. They need to get out entirely.
There's a lot of options for Disney in the future that point to improved share price.
Hulu.
Espn.
Possibly becoming a direct competitor to cable/satellite with a subscription based programming package/bundle.
Posted on 8/7/23 at 1:59 pm to FLObserver
If I can not believe in the company, I can not purchase their stocks
Posted on 8/7/23 at 2:10 pm to FLObserver
No, and I shorted at $88.89 on 7/31/23. If/when it's down around $83.50, I'm out.
Posted on 8/7/23 at 2:11 pm to FLObserver
quote:
I am an unfortunate holder of this stock with an avg at around 130.
Damn son. You might as well ride it to the ground now.
Posted on 8/7/23 at 3:19 pm to FLObserver
Yes, I believe the stock will continue to tank until they can get the Blackrock activist off their board. If some of the rumors are to be believed, Igar is trying to right the ship but people on their board are more worried about politics than protecting share holders. That actress for Snow White is doing everything she can to make sure that movie loses money. Its a stinker. Haunted Mansion is losing money. The Marvels is going to lose money. Park attendance is down because people do not want to spend their money on woke propaganda.
It is a real shame that Nelson Pelz's lost the proxy fight because of Blackrock money. He was fighting when the price was around $100 to $110. This is not the DIS you know, the brand is damaged and losing market share.
Stock will drop when the comcast bill comes due.
It is a real shame that Nelson Pelz's lost the proxy fight because of Blackrock money. He was fighting when the price was around $100 to $110. This is not the DIS you know, the brand is damaged and losing market share.
Stock will drop when the comcast bill comes due.
This post was edited on 8/7/23 at 3:23 pm
Posted on 8/7/23 at 3:28 pm to FLObserver
Had a conversation with some buddies about DIS this weekend. They are ruining all of their purchased IPs and can't put out animated kids movies without some progressive agenda. Disney is dead without new leadership. I don't know how far it will keep dropping, but its not even what I would consider cheap. Trades at a 39x P/E.
Asset sales could give the stock some positive momentum near term, but idk.
Asset sales could give the stock some positive momentum near term, but idk.
Posted on 8/7/23 at 3:32 pm to Triple Bogey
quote:
Asset sales could give the stock some positive momentum near term, but idk.
Their assets do not have many that can buy them. Vast majority of DIS value is in the parks and non liquid assets.
Posted on 8/7/23 at 4:11 pm to FLObserver
No.
Their board and CEO have no will to make a change. Until people start getting fired - it will continue to drop in price.
They have a complicated deal with Comcast and they own them a TON of cash in the near future. They don’t have that kind of cash.
They destroyed Star Wars.
They destroyed Indiana Jones.
They have no movies in production that are not “live action remakes” or prequels of old material.
They have fired so many people there is no one creative left.
Disney + is losing subscribers.
Disney parks have the lowest attendance in a decade.
Disney Vacation Club cannot sell out properties it built years ago (Aulani and Riveria) and has another development coming in a few years (Polynesian).
Not to mention Universals expansion for the parks.
Disney is in serious serious trouble. It needs to start selling its media assets but all of them will be worth a fraction of what they paid because of the limited buyers and the high interest rates.
I am not saying it’s not a long term hold. The question is:
How many years do you have to hold? I don’t see it hitting 150 for at least 10-20 years or more and I can double my money with a company that knows what it is doing.
Their board and CEO have no will to make a change. Until people start getting fired - it will continue to drop in price.
They have a complicated deal with Comcast and they own them a TON of cash in the near future. They don’t have that kind of cash.
They destroyed Star Wars.
They destroyed Indiana Jones.
They have no movies in production that are not “live action remakes” or prequels of old material.
They have fired so many people there is no one creative left.
Disney + is losing subscribers.
Disney parks have the lowest attendance in a decade.
Disney Vacation Club cannot sell out properties it built years ago (Aulani and Riveria) and has another development coming in a few years (Polynesian).
Not to mention Universals expansion for the parks.
Disney is in serious serious trouble. It needs to start selling its media assets but all of them will be worth a fraction of what they paid because of the limited buyers and the high interest rates.
I am not saying it’s not a long term hold. The question is:
How many years do you have to hold? I don’t see it hitting 150 for at least 10-20 years or more and I can double my money with a company that knows what it is doing.
Posted on 8/7/23 at 5:52 pm to FLObserver
I don’t think it’ll get that low.
Disney has lost their way.
Disney used to be a family company with a wholesome brand. Now they’ve entered the culture wars where you piss off 50% of people whatever you do. Not a sound business strategy.
It’s obvious their internal business culture is toxic and I have a hard time seeing how they will maximize shareholder value.
Disney has lost their way.
Disney used to be a family company with a wholesome brand. Now they’ve entered the culture wars where you piss off 50% of people whatever you do. Not a sound business strategy.
It’s obvious their internal business culture is toxic and I have a hard time seeing how they will maximize shareholder value.
Posted on 8/7/23 at 6:16 pm to Jjdoc
quote:
If I can not believe in the company, I can not purchase their stocks
I get it, but how’s that working out for you the last few years? In other words, what stocks DO you own?
Posted on 8/7/23 at 6:20 pm to FLObserver
What part of go woke, go broke didn’t you understand?
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