Anybody else think Disney Stock hits low 70's on Wed??

I sold at a loss.

The lgtbq deal is going to run continue running off families from their products.

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.

If I can not believe in the company, I can not purchase their stocks

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I am an unfortunate holder of this stock with an avg at around 130.

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Damn son. You might as well ride it to the ground now.

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.

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.

What part of go woke, go broke didn’t you understand?

Between the parks/Florida real estate, video library, and intellectual rights, what is the number where this alone justifies their stock price? Honestly don’t know, but curious if anyone has done research on this.

I just don't see the existing Disney conglomerate existing much past the end of 2026 (Iger's contract). He's structuring/posturing the company to:

1. Sell off ESPN/ABC, etc., get out of the sports and broadcast TV business,

2. Package the balance of the company as an attractive (and legal) merger option for likely partner Apple,

3. Failing #2, solidify the parks as a discrete corporate entity (even if a privately held one), and sell off the Disney mega-IPs (Animation, Marvel, Lucasfilm)

Problem is - how much is the IP currently worth? Lucasfilm is likely not worth what Disney paid for it (because of Disney), so it would have to be dirt cheap to even be viable. Obviously, Marvel and Disney/Pixar have a lot of legit residual value, but that would be diluted if Disney Parks have the rights in perpetuity.

Who would be the buyers if a mega-merger with Apple isn't in the works?

Some of this would have happened anyway with the changing media market/post COVID environment, etc. However, Disney's actions in alienating huge swaths of their customer based have hurt the shareholders who apparently don't care. Or don't care enough to make substantive, long-term changes unrelated to this current Iger monetization plan.

I don't see how anyone could buy this stock as long as the company keeps making the worst decisions imaginable.