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re: Disney cancel 1 billion investment in Florida. Trump campaign celebrates
Posted on 5/18/23 at 3:40 pm to MightyYat
Posted on 5/18/23 at 3:40 pm to MightyYat
quote:Exactly!
Disney is in NO POSITION to spend $1 billion on anything right now. All of their parks are bleeding money.
Not so much the parks. Disney has ability to increase park capacity. They continue to lockdown admissions, but have increased charges to compensate.
But everything else at DIS is hemorrhaging cash.
DIS market cap is less than 50% of 2021 levels. It's closing in on 10-yr lows. They weren't constructing any $1B building anywhere!
This post was edited on 5/18/23 at 3:42 pm
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