mjstaceyuofm
DIS Veteran
- Joined
- Mar 4, 2002
Yet another article from CBS MarketWatch.com about the financials of Disney. One particular passage has me intrigued:
Yes, I know referring to the past (and how things used to be at WDW) can be a dangerous game on these boards with you clever posters, but as I recall from experiences in the 80's and 90's in the parks, they never seemed to be so packed that they were totally unmaneuverable and things financially seemed to be fine back then. How does a 6-10% drop in attendance produce such catastrophic results in today's market?
OK - so it appears that Wall Street has bought into the "woe is me/terrorist/downturn in economy" excuse for park attendance. What I want to know is since when has WDW had to be packed to the gills to be profitable?...Disney needs to key in on turning around ABC because it is somewhat powerless to correct problems at its theme parks. The crippled economy, along with a slide in air travel, has killed business for its centerpiece Disney World theme park in Florida....
Yes, I know referring to the past (and how things used to be at WDW) can be a dangerous game on these boards with you clever posters, but as I recall from experiences in the 80's and 90's in the parks, they never seemed to be so packed that they were totally unmaneuverable and things financially seemed to be fine back then. How does a 6-10% drop in attendance produce such catastrophic results in today's market?