You should explain that to the scalpers!Yes it is
You should explain that to the scalpers!Yes it is
As a stockholder I just checked the DIS stock for today ...it is up and has been. I think there are still plenty of Mom & Pops out there buying stock, just not on a large scale.What people don't understand is todays capitalism. The days of Mom & Pop buying stocks in a company are long gone. It is now large hedge companys that buy thousand if not millions of shares in a company. Let's look at Disney, if they make a 5% profit for that quarter, you may say that is good, but, they were projected to make 7%. Well, the hedge companies say thats not good enough and sell the shares they have, which in turn lowers the stock price, and Disney looses money on its stocks. The bottom line is that Disney HAS to make money every quarter, which they usually do, for the share holder, so, you will see the price, I'm afraid, go up every year now, and more and more will not be able to enjoy the parks.
Life is about choices and priorities. We live in a Dallas suburb and a couple times a year I look at buying 4 tickets and taking the family to a Cowboys game. Even with a 2-6 season thus far, to do so could easily run me $2000 or more for ONE AFTERNOON. Decent seats will run $400-$500 a piece. Last time there I paid $75 to park almost 1/2 a mile away in a sketchy lot that I hope my car was still there when I got back. Beer runs $15, soda $8, etc. I choose not to go very often - and yet last Sunday there were over 93,000 people there that did. I typically only go when I get access to the company suite.