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Disney a good buy right now?

Posted on 7/6/22 at 7:38 am
Posted by tigersint
Lafayette
Member since Nov 2012
3568 posts
Posted on 7/6/22 at 7:38 am
At pandemic prices currently, fell from nearly $180 at its peak.

Yes they are doing some questionable things and getting way too political in the short term but at these prices I can hear Warren Buffet on my shoulder saying “Its better to buy a great company at a good price than it is to buy a good company at a great price.”

IMO Disney long term is still one of those Blue Chip great ones.
Posted by LSUcam7
FL
Member since Sep 2016
8856 posts
Posted on 7/6/22 at 8:04 am to
Question has been asked here recently. Several takes there.

OP
Posted by j1897
Member since Nov 2011
4314 posts
Posted on 7/6/22 at 8:05 am to
65PE in a recession, it's not for me.
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 7/6/22 at 8:22 am to
quote:

65PE in a recession


Aside from the politics (which personally irritates me), the P/E ratio is the one thing that stands out right now. It's shocking to see it so high when the stock is off 50% from it's one-year highs.

Regardless, and it sounds contradictory, the stock price in the low 90's seems too enticing. I've had an open buy order in for a few weeks at $90.5 and plan to leave it open.
Posted by TDsngumbo
Member since Oct 2011
49230 posts
Posted on 7/6/22 at 8:26 am to
I’ve been a fan of Disney stock for a while and finally bought some at 94/share during the pandemic. Wish I had sold when it was around 190/share but I want to be a long term holder with that stock so I didn’t. I have been considering buying more lately but just haven’t pulled the trigger yet.
Posted by 632627
LA
Member since Dec 2011
14683 posts
Posted on 7/6/22 at 8:58 pm to
Same here. Not sure why I didn’t sell when it was in the $180-200 range, considering the pre pandemic price was far lower.
Posted by DiamondDog
Louisiana
Member since Nov 2019
12840 posts
Posted on 7/7/22 at 12:13 am to
I bought in at $96. Its a short term loser but a long term winner. I'm comfortable that I'll see returns good returns at that price point.

$180 again I don't know. $130-140 eventually is a definite over next 2-3 years. Nothing to sneeze at.
Posted by makersmark1
earth
Member since Oct 2011
20467 posts
Posted on 7/7/22 at 4:14 am to
quote:

I've had an open buy order in for a few weeks at $90.5 and plan to leave it open


Have you considered “cash secured puts” ?
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19430 posts
Posted on 7/7/22 at 5:50 am to
quote:

IMO Disney long term is still one of those Blue Chip great ones.

I disagree. Disney has a culture problem with failing entities such as ESPN. People will eventually get Marvel and Stars Wars Fatigue then all they will have left are the parks which are now extremely expensive.

I know this is a high level view but this is what I see on the surface.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135726 posts
Posted on 7/7/22 at 6:32 am to
quote:

65PE in a recession, it's not for me.
To this point, short-term Covid hampered EPS is the issue with Disney. But the political stuff could serve to lock in a lower earnings paradigm.

FWIW, Macrotrends is a nice site, specifically for looking at pre/post-Covid PE-EPS interfacing, and sector security price comparisons (e.g., sortable sector price:book ratios)

Posted by greygoose
Member since Aug 2013
14357 posts
Posted on 7/7/22 at 8:18 am to
quote:

I disagree. Disney has a culture problem with failing entities such as ESPN. People will eventually get Marvel and Stars Wars Fatigue then all they will have left are the parks which are now extremely expensive.

I know this is a high level view but this is what I see on the surface.
Agreed. Management has made some really bad decisions of late, concerning content. With an impending recession on the horizon, I can easily see the park attendance falling off. Those two things don't bode well for an increase in the stock price.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 7/7/22 at 9:02 am to
I would never buy Disney as an individual stock now. I have my own values. I can’t help if I own them in an index but I don’t have to directly give them my money to groom children.
This post was edited on 7/7/22 at 9:03 am
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 7/7/22 at 9:35 am to
I’m really bullish on Disney since they announced that Gay Buzz Lightyear 2 is coming out next summer
Posted by ShootingsBricks4Life
Member since May 2017
2601 posts
Posted on 7/7/22 at 11:24 am to
quote:

I have my own values. I can’t help if I own them in an index but I don’t have to directly give them my money


What a head spinner.

Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 7/8/22 at 6:58 pm to
You must have a small head if that spun you. I own an S&P 500 index fund but I don’t want to buy Disney as an individual stock. Not that difficult a concept.
Posted by KillTheGophers
Member since Jan 2016
6748 posts
Posted on 7/9/22 at 9:17 am to
I can’t stand Disney’s political / sexual leanings.

That said, their media platform will most likely be a premier world leader in 36 to 60 months.
This post was edited on 7/9/22 at 9:18 am
Posted by rocksteady
Member since Sep 2013
2361 posts
Posted on 7/10/22 at 7:49 am to
they aren’t going anywhere and probably a fine long term investment- plenty of other places for growth with management teams that are there to maximize shareholder returns. Other businesses can virtue signal with minimal risk- chevron has a rainbow flag during pride month and sprinkles in some tranny commercials… whatever. Family values / child oriented mega company with a management team willing to seemingly spearhead controversial social issues seems… unnecessarily risky. Like, why? Just has that feeling of the company trending in a worrisome direction
Posted by FnTigers
Member since Sep 2021
2540 posts
Posted on 7/10/22 at 10:17 am to
I'll never buy Disney. What a horrible company.
Posted by tigerstripes
Loranger, LA
Member since Aug 2006
887 posts
Posted on 7/10/22 at 3:04 pm to
NO!
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
4574 posts
Posted on 7/10/22 at 4:24 pm to
They bought out hot star from India and have gained a billion subscribers
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