Sounds like a good opportunity to buy more DIS.
That's what I took it as. I am still kicking myself for not buying more when it dipped to around $90. This is no where near as great a deal, but it's still a good opportunity and one I choose not to miss.
My portfolio took a hit as a new DIS stock owner...
Don't give up faith, new investor! The stock market is always rife with hills and valleys and is so darned unpredictable. It always cracks me up that a company can make 18.5 Billion dollars, but the stock will crash because some analyst decided they wanted it to make 18.8 Billion instead. Disney+ cracks me up too. They have 118.1 million and wall street wanted 119.6. But they miss sight of the fact that as a new streaming platform, Disney was always working toward 230 million by end of 2024. They are STILL ON TRACK for that number. In fact, they were ahead of track because of covid - wall street it just mad they are not MORE ahead of track.
In any event, DIS may be dipped for a few more months, but it will bounce back by summer if not earlier. If you were looking for a quick fix, you won't get it at DIS, but long term, it's still a strong stock.
It's where their future growth is coming from. The rest is legacy businesses that can't grow as much.
DCL can only add so many cruise ships and raise prices only so high. Parks can only raise the price of their admission so much. Their movies are still recovering as everyone hasn't returned to the theatre.
I don't know that I agree with that. First off, DCL has quite a distance it can go. They are one of the smallest of the major cruise lines.
Next, Disney has an all new concept to play with - hotel experiences (the Halcyon). They can make new storylines for that all the time if they want. Or Imagine a hotel based around Indiana. Or an underwater facility. Or a moon base. Imagine the fun you can have with this concept. Such hotels could be built and run anywhere - regional destinations to reduce the travel.
Parks are at their lowest right now and have a lot of leg room. Plus with the advent of premium experiences like they did with Savi's - they can potentially add some really cool stuff that would open people's wallets wider.
Movies will come back. They are starting too already. Disney has a couple of premium releases in the theatres and they are starting to see some warm-up happening with the latest batch.
And I wouldn't count out ESPN, ABC, FOX,
National Geographic or the other big hitter subsidiaries yet. Then, they still have dormant companies like Touchstone with a ton of IP that they can ramp back up if they want. Then you have a mass of smaller direct to consumer things like Sphero. And that who other arm that steamboat invests in like GoPro, Photobucket and a smattering of other emerging tech.
Plus, I have a feeling that teamup with
Amazon on Alexa is the beginning of a bigger venture between the two behemoths.
Nope.... Disney has a LOT of runway left in many of it's business segment. Believing that all of their future growth is in Disney+, or even the streaming services as a whole is very short-sighted.