Disney Stock News & Earnings

[OKW Lover]

If the market were based on actual.profit and performance many of these companies should be near bankrupt.

But the market is really based on investors expectations for the future.

 

[hertamaniac]

I'm reminded of a quote from stock broker Mark Hanna (played by Matthew McConaughey in The Wolf of Wall Street):

"OK, first rule of Wall Street - Nobody - and I don't care if you're Warren Buffet or Jimmy Buffet - nobody knows if a stock's going up, down or sideways, least of all stockbrokers. But we have to pretend we know."

 

[New Mouse]

But the market is really based on investors expectations for the future.

In a normal world, yes but is Disney really going to make up for those lost billions in the near future? The stock market says yes and then some. Their books and actions say no.

 

[hertamaniac]

In a normal world, yes but is Disney really going to make up for those lost billions in the near future? The stock market says yes and then some. Their books and actions say no.

No Action? Action = layoff ~32K cast members. That is a move to keep the costs under control and make the company more liquid.

They are kicking the long-term debt rock down the road. Combine that with an investment community which is likely factoring in the DTC segment as under-valued.

 

[RivShore]

I'm reminded of a quote from stock broker Mark Hanna (played by Matthew McConaughey in The Wolf of Wall Street):

"OK, first rule of Wall Street - Nobody - and I don't care if you're Warren Buffet or Jimmy Buffet - nobody knows if a stock's going up, down or sideways, least of all stockbrokers. But we have to pretend we know."

Reminds me of an interview with Barry Diller (a former media CEO and current internet CEO) on CNBC, during the market swings in March and April, he was asked where the market was headed and his answer was a blunt "how the hell should I know"!

But, as I said a few posts ago, the long term trend has always been up. To bet against that kind of history would be a mistake, I think.

 

[ford91exploder]

Without a doubt... a year or two worth of lost profits and ongoing expenses for a countless number of companies...but stocks are soaring. If the market were based on actual.profit and performance many of these companies should be near bankrupt.

Wall St has been disconnected from reality for a long time and has become a casino rather than an engine of capital formation. That function has been taken by the VC’s and Private Equity.

 

[RivShore]

At least they could admit they were very wrong...

Disney bear LightShed throws in towel, upgrading to Neutral: 'We were wrong'

https://seekingalpha.com/news/36500...throws-in-towel-upgrading-to-neutral-we-wrong

 

[RivShore]

The Disney + engine is really driving this train now...

Disney streaming could pass Netflix in total revenue as soon as next year:

https://www.fool.com/investing/2021/01/13/disney-on-track-to-dethrone-netflix-in-streaming/

 

[RivShore]

Citi raises price target to $205...

https://www.barrons.com/articles/bu...bscription-video-market-citi-says-51610657588

 

[RivShore]

Another $200 price target...

Disney Shares Jump As UBS Sees Netflix Streaming Challenge, Improving Parks Attendance

https://www.thestreet.com/investing...ix-streaming-challenge?puc=yahoo&cm_ven=YAHOO

 

[ford91exploder]

Let us see how many of those 'free' verizon subscriptions to Disney+ actually convert to PAYING customers.

Funny thing is the more content moves to streaming the less I care about consuming it There are many days now when the TV is just OFF or simply streaming background music.

I wonder if this is the natural evolution of 'cord-cutters' first you binge stream and then you simply don't care anymore for Hollywood's current content.

 

[OKW Lover]

Let us see how many of those 'free' verizon subscriptions to Disney+ actually convert to PAYING customers.

I'm sure Verizon is paying Disney+ a fee for those customers now.

 

[New Mouse]

I'm sure Verizon is paying Disney+ a fee for those customers now.

Yes, $1 per customer! Honestly, its probably not much more than a per user fee for a cable channel.

 

[Timandalicia]

I sold at 132. Then waited and bought back at 96 in March. Which was just too low. Can you believe that price? It’s dipping a wee bit right now. I’ll post what I do next, which might be something here soon.

 

[OKW Lover]

Yes, $1 per customer! Honestly, its probably not much more than a per user fee for a cable channel.

A year? A month?

 

[New Mouse]

A year? A month?

A month.... i made up.the number but its a fair estimate seeing that verzion is not gonna pay and then raise rates $6 a month.

 

[ford91exploder]

I'm sure Verizon is paying Disney+ a fee for those customers now.

i’m sure they are as well, I’m also sure its nowhere close to a retail subscription either. When I say paying customers I mean full retail price.

 

[RivShore]

If I remember the last earnings report correctly, they reported between $4-$5 of revenue per user per month. That would have included VZ's free subscribers and the low cost subscribers in countries like India.

And some analysts had been estimating VZ at around 4M free subscribers, even if it's double that, and they all churn out, it will get lost in the shuffle of worldwide subscriber growth.

 

[cranbiz]

Let us see how many of those 'free' verizon subscriptions to Disney+ actually convert to PAYING customers.

Funny thing is the more content moves to streaming the less I care about consuming it There are many days now when the TV is just OFF or simply streaming background music.

I wonder if this is the natural evolution of 'cord-cutters' first you binge stream and then you simply don't care anymore for Hollywood's current content.

This one did.

Disney + is a great match for a couple of grandparents with a live in, 4 y/o grand daughter. I did however, cancel the subscription thru Verizon at $6.99 a month and went direct to Disney for an annual subscription (which was cheaper).

 

[Timandalicia]

171 today. I’m going to be pulling out. It’s going to even out here and then I’ll go back in in about 2 weeks. I mean I’m in for the long haul but there’s times where I like to play the ponies.