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Started By
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re: Coronavirus Disease 2019 (COVID-19) ***W.H.O. DECLARES A GLOBAL PANDEMIC***
Posted on 2/26/20 at 1:57 pm to Mizzoufan26
Posted on 2/26/20 at 1:57 pm to Mizzoufan26
quote:Time tested doesn't amount to much when theme parks are closed due to virus or a recession occurs. Not saying either will occur but saying a company has already dropped 20% so it can't go lower is just crazy.
It's already dropped 20% for a very valuable company that is time tested.
2
Posted on 2/26/20 at 2:01 pm to TigerTatorTots
quote:
Time tested doesn't amount to much when theme parks are closed due to virus or a recession occurs. Not saying either will occur but saying a company has already dropped 20% so it can't go lower is just crazy.
They're also dropping because the CEO that build the Disney we know of today stepped down. He oversaw the purchases of Pixar, Marvel, Fox etc. since 2005. They replaced him with the guy that ran the Disney parks and resorts side.
Posted on 2/26/20 at 4:25 pm to TigerTatorTots
quote:
Not saying either will occur but saying a company has already dropped 20% so it can't go lower is just crazy.
It's fricking Disney, their I.P. and products are worth a significant amount. Their streaming business is getting rolling and beating expectations with global launches in the coming months. There is certainly a floor, and this big of a loss is very close to it
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