DIS Shareholders and Stock Info ONLY

[GAN]

I am Nelson Peltz!!!

Wow ....you must REALLY be a Disney fan to be on these boards!

 

[GAN]

I am Nelson Peltz!!!

So you must know Bob Iger? @KingLlama

 

[wabbott]

I'm not sure I'm buying what your selling here. Yeah -since Peltz got involved at PG the stock has gone up roughly 50%. PG has been a dividend titan for 50-years, so going up 50% in 5-years and maintaining a strong dividend is impressive. So there's no doubting the numbers, but was it all Peltz? I doubt it. Was Peltz involved at Pepsi, J&J, how about McDonalds? No? Guess what -they all increased 50% over the same period. Just saying there could be more than meets the eye and a "radical" takeover may not be what's necessary. Personally, I like the way they're positioned as an entertainment leader -they have plenty in their back pocket ...along with some potential deadweight.

I'm not selling anything, just relating some experience that I have had with some investments he was involved in. True there are several other Blue Chip stocks that have matched PG's performance and some have even done better. But there was a stretch of several years in the early part of last decade where there wasn't much progress in PG stock.

Was it Peltz? I think he had something to do with it. IMHO.

 

[wabbott]

So you must know Bob Iger? @KingLlama

Shhhhhhhh! You're not supposed to tell that!!!

 

[wabbott]

Nelson Peltz, Trian Partners founder and CEO, joins 'Squawk on the Street' to discuss his proxy fight with Disney.

 

[wabbott]

https://finance.yahoo.com/quote/DIS?p=DIS

99.74+3.41 (+3.54%)
As of 10:57AM EST. Market open.

 

[GAN]

https://finance.yahoo.com/quote/DIS?p=DIS

99.74+3.41 (+3.54%)
As of 10:57AM EST. Market open.

Hey ...someone likes it!

 

[wabbott]

Another interview with James Stewart just now.

https://www.cnbc.com/video/2023/01/...xy-fight-between-disney-and-nelson-peltz.html

 

[Mai Ku Tiki]

I am certainly going to do a lot of reading up on him as an individual, and the wider firm.

I'm not buying their charm offensive at face value though. It certainly reads like a list of tell the people what they want to hear.

This non-profit .org publishes info that I often find helpful. Here is the data on Nelson Peltz, FWIW.

https://www.opensecrets.org/search?q=Nelson+Peltz&type=site

 

[clarker99]

Feeling good about buying more DIS at the $85-$90 level. CPI data showed continued promise this morning.

Side-note: I am currently at WDW and the parks are PACKED. We are pre-Presidents day and post-Christmas/RunDisney and it has not seen a slow day.

 

[GAN]

Feeling good about buying more DIS at the $85-$90 level. CPI data showed continued promise this morning.

Side-note: I am currently at WDW and the parks are PACKED. We are pre-Presidents day and post-Christmas/RunDisney and it has not seen a slow day.

Again ...where is the incentive for Disney "needing" to dump a bunch of money into parks. There is none!

 

[GAN]

This non-profit .org publishes info that I often find helpful. Here is the data on Nelson Peltz, FWIW.

https://www.opensecrets.org/search?q=Nelson+Peltz&type=site

Not much there honestly.... he donates to political parties.

 

[Jrb1979]

Again ...where is the incentive for Disney "needing" to dump a bunch of money into parks. There is none!

On Disney's side it makes sense to not throw money into the parks. Guests seem happy with giving them free parking at resorts. My feelings is the reason the parks are packed is cause Disney is all they know. That and their neighborhood Six Flags. There is so many other amazing parks out there.

 

[BrianL]

Again ...where is the incentive for Disney "needing" to dump a bunch of money into parks. There is none!

Well, ther'e the short-term and the long-term. It's true that right now the parks are crowded and making money, but that won't last forever without investment in the parks. Too many bad experiences - which we see reports of - will erode their customer base. They do have to invest. Of course, how much is key? Some fans aren't happy unless they open a new attraction every month, which is of course unlrealistic. Still, there is some low-hanging fruit they could easily exploit to increase park bandwidth. Just start with some of the spaces that sit empty like Stitch's Great Escape. Put in something simple - not everything has to be E-Ticket level. That stuff serves a purpose and can help create a better guest experience.

Well, that and staffing - staffing, staffing, staffing!

 

[GAN]

On Disney's side it makes sense to not throw money into the parks. Guests seem happy with giving them free parking at resorts. My feelings is the reason the parks are packed is cause Disney is all they know. That and their neighborhood Six Flags. There is so many other amazing parks out there.

I heard Six Flags is closing a good number(or all?) their parks. ,There are a lot of good local parks for sure, but I see those as a totally different animal -the reason going to say Dorney Park is different than Disney. Universal is Disney's greatest thorn -they are basically in a multi-million dollar shooting match to see who's pockets are the deepest.

 

[wabbott]

I'll throw this out there, even though it's simplistic. Park investment is needed, no REQUIRED, because that's where the most return on investment can be obtained. This ain't complicated, y'all.

 

[bryaalre]

As much as I would love Disney to start pouring money in the parks, I don't expect much for a few more years. In 2018, I expected Disney to decrease park funding after they completed their current projects at the time (galaxy's edge, MMRR, etc.). The expected decrease aligned with the companies focus on streaming and content over parks. Extra money would be funneled for the Fox acquisition and Disney Plus. Disney is also on the hook in 2024 for $9B to buy out the remaining stake in Hulu. With the debt already on the books, this $9B is not going to be easy to just absorb unless interest rates take a nosedive.

My hope is that in the next few years, Disney plus is profitable and the debt is able to substantially decrease form the levels were at now. This would free up the money required to help make major renovations and expansions to much needed areas of the parks. I see Disney continuing to slow build any non revenue park projects like Tron so that they can have openings spaced out and really spread that Capex over as many quarters as possible.

Currently there are so many needs in the park like, needing more attractions or literally a whole damn part of Animal Kingdom in Dinoland being essentially empty. I just don't see Disney making the necessary investments in the parks right now. Hopefully on the next earnings call Iger mentions an increase in Capex for the parks but I am not hopeful of that happening.

 

[GAN]

Well, ther'e the short-term and the long-term. It's true that right now the parks are crowded and making money, but that won't last forever without investment in the parks. Too many bad experiences - which we see reports of - will erode their customer base. They do have to invest. Of course, how much is key? Some fans aren't happy unless they open a new attraction every month, which is of course unlrealistic. Still, there is some low-handing fruit they could easily exploit to increase park bandwidth. Just start with some of the spaces that sit empty like Stitch's Great Escape. Put in something simple - not everything has to be E-Ticket level. That stuff serves a purpose and can help create a better guest experience.

Well, that and staffing - staffing, staffing, staffing!

I've been twice in the last two years -my perspective is a little different as once I was solo, the other time was with my adult daughter. Our experiences were excellent with one being one of the best I've ever had. Some things weren't perfect and in my mind needed improving but had nothing to do with attractions or staffing. Maybe some luck involved as with any vacation ...no better or worse odds than anyone else. For me, maintenance and upkeep are the most important issues -not that I saw a lot of issues but that's what I see as important ...I can work around or accept just about anything after that. Customer Service would follow -but again I had all great interactions, although I could tell coming out of covid some were either in new roles or simply new employees, which I can work with. To resolve park crowding, I'd love to see the DAH expanded -I have no issue paying extra for a cooler, less crowded park experience. The only issue with that is at least 75% wouldn't be interested but it suits me fine.

 

[BrianL]

I've been twice in the last two years -my perspective is a little different as once I was solo, the other time was with my adult daughter. Our experiences were excellent with one being one of the best I've ever had. Some things weren't perfect and in my mind needed improving but had nothing to do with attractions or staffing. Maybe some luck involved as with any vacation ...no better or worse odds than anyone else. For me, maintenance and upkeep are the most important issues -not that I saw a lot of issues but that's what I see as important ...I can work around or accept just about anything after that. Customer Service would follow -but again I had all great interactions, although I could tell coming out of covid some were either in new roles or simply new employees, which I can work with. To resolve park crowding, I'd love to see the DAH expanded -I have no issue paying extra for a cooler, less crowded park experience. The only issue with that is at least 75% wouldn't be interested but it suits me fine.

Oh, I've had great trips and experiences recently too and I'm not nearly in the "doom and gloom" camp like many people are, but I've also seen the cracks beginning to form. There have been issues. Honselty, I do think Disney currently realizes that and will make the necessary corrections - they're already starting to. Of course, if they do address the pain points, they will be improving their product which will attract more guests, which will require bandwidth increases - all of those things go hand-in-hand.

 

[wabbott]

As much as I would love Disney to start pouring money in the parks, I don't expect much for a few more years. In 2018, I expected Disney to decrease park funding after they completed their current projects at the time (galaxy's edge, MMRR, etc.). The expected decrease aligned with the companies focus on streaming and content over parks. Extra money would be funneled for the Fox acquisition and Disney Plus. Disney is also on the hook in 2024 for $9B to buy out the remaining stake in Hulu. With the debt already on the books, this $9B is not going to be easy to just absorb unless interest rates take a nosedive.

My hope is that in the next few years, Disney plus is profitable and the debt is able to substantially decrease form the levels were at now. This would free up the money required to help make major renovations and expansions to much needed areas of the parks. I see Disney continuing to slow build any non revenue park projects like Tron so that they can have openings spaced out and really spread that Capex over as many quarters as possible.

Currently there are so many needs in the park like, needing more attractions or literally a whole damn part of Animal Kingdom in Dinoland being essentially empty. I just don't see Disney making the necessary investments in the parks right now. Hopefully on the next earnings call Iger mentions an increase in Capex for the parks but I am not hopeful of that happening.

Please forgive me for being a bit trite, but HOPE ain't a very effective business plan. Walt Disney was perhaps one of the greatest dreamers ever born, but he knew his stuff had to make money to keep the dreams alive. And when he forgot that, Roy was right there to remind him.

My estimation is that streaming won't be a big money maker because it is relatively easy to do. Lots of competition, and years of content out there with expired copyright, free for the taking. There's only so many eyeballs to spread that content over.

Money is made in the parks and cruises, because they are unique products that no one else has been able to duplicate. The numbers don't lie. But they require intense human skills operating at peak efficiency to stay viable. So management best get to work keeping those products in top shape.

Today.