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re: Disney stock looks like it’s heading back under $100
Posted on 5/15/24 at 12:52 pm to DrrTiger
Posted on 5/15/24 at 12:52 pm to DrrTiger
They are going deep with Disney cruise line because I think thats probably their best bet moving forward. Cruising has really taken back off since pandemic ended and Disney cruises are not cheap and in very high demand. They only have 5 ships in their fleet and 2 of them are very old (built in '98 and '99). They are releasing 3 new ships in the next 2 years including 1 mega ship (208,000 GT) they bought mostly completed for only 40 million euro (was a 1.8 billion euro ship) as part of a bankruptcy of another cruise company in China. I think they will find they will do pretty well if they could pull a few more of those out of their hat.
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