Disney Alcohol Policy KARMA

[IrishCowboy]

As a Disney stockholder, I am feeling the pain of today's market too, but I think it is funny or maybe just KARMA biting the management at Disney that the stock price has dropped over 8% since the new alcohol policy was introduced


Before you start jumping on me, I know that the new policy has no effect on the stock price, I just thouht it was ironic.

 

[OKW Lover]

What day was the policy introduced?

For the record, Disney's stock price hit an all time high on August 4th at ~$122.

 

[IrishCowboy]

Down to $100.20 this afternoon....

 

[PrincessShmoo]

What day was the policy introduced?

For the record, Disney's stock price hit an all time high on August 4th at ~$122.

Well, the thread (that's running hot and heavy) was started Monday 8/17 at 3:30 in the morning (eastern time). I'd hazard a guess that wasn't too long after the change was made.

 

[DISNEY FANTASY]

World stock markets are down due to uncertainty on economic recovery.

 

[rrehman]

I'm a stockholder too, and the prices started dropping after the earnings call. The ESPN segment is what lead the market to start dropping. I was projecting it to hit $125 with the D23 announcements, but I was way off.

 

[wcw57]

this was supposed to be a lite/funny comment....thus the Karma po4rtionof the post. Lets not over-analyze the world economic checks and balances............

 

[DISNEY FANTASY]

this was supposed to be a lite/funny comment....thus the Karma po4rtionof the post. Lets not over-analyze the world economic checks and balances............

Yes fully understand that, however reality is other factors, before anyone actually believes it.

If posters are actually trying to work out when the thread started Vs Stock price it's getting a little serious, however all shares are down.

 

[eskimoinparadise]

Still higher than when I bought it at $22

 

[OKW Lover]

Well, the thread (that's running hot and heavy) was started Monday 8/17 at 3:30 in the morning (eastern time). I'd hazard a guess that wasn't too long after the change was made.

Thanks @PrincessShmoo that's probably the right date. The closing price for Disney stock on the previous day of trading (Friday, 8/14) was about $107. The stock closed today at about $100. So that's approximately a 7% decline. (I'm a recovering bean counter so I'll note that all numbers have been rounded)

Funny though, if this was a money grab (as many of the comments on that other thread indicate) then you'd expect the price to go up.

 

[tinkerone]

Still higher than when I bought it at $22

ditto. we were thinking last month that we should sell our disney off but maybe now we will wait a bit longer…..
it can pay for our next rccl cruise. lol.

 

[rrehman]

Thanks @PrincessShmoo that's probably the right date. The closing price for Disney stock on the previous day of trading (Friday, 8/14) was about $107. The stock closed today at about $100. So that's approximately a 7% decline. (I'm a recovering bean counter so I'll note that all numbers have been rounded)

Funny though, if this was a money grab (as many of the comments on that other thread indicate) then you'd expect the price to go up.

I don't think it was a money grab. It was more aligning themselves with the policies of the other cruise lines.

 

[yorkieteacher]

I don't think it was a money grab. It was more aligning themselves with the policies of the other cruise lines.

Then one can only dream that they will align their prices with the other cruise lines! Wishful thinking, I know!

 

[bumbershoot]

It was more aligning themselves with the policies of the other cruise lines.

But why would they want to do that?

If they do THAT, then philosophical stockholders might feel that they have watered down their Disney-ness, and might not want to have their stock anymore. (I know there are few of those; I happen to be one and I doubt there are enough to make a dent, but hey ,it's possible. )

(and if I owned Disney stock I'd probably think of selling out of philosophical annoyance with them...though I've been that way for a little while and might not have owned it now even if I had owned it before. irksome changes and watering down and just dumbing it all down to where they aren't unique and special anymore, harumph)

 

[Club Disney Chandler]

Thanks @PrincessShmoo that's probably the right date. The closing price for Disney stock on the previous day of trading (Friday, 8/14) was about $107. The stock closed today at about $100. So that's approximately a 7% decline. (I'm a recovering bean counter so I'll note that all numbers have been rounded)

Funny though, if this was a money grab (as many of the comments on that other thread indicate) then you'd expect the price to go up.

The flaw in your thinking about the money grab is that the money is a grab for when they start selling more drinks on board thus making more profits, assuming ships still sail at current capacities and at current rates, which I believe they will, then the stock should continue to go up. But I, like the OP, believe that the current stock price has nothing to do with the new alcohol policy.

 

[jjgarv]

...It was more aligning themselves with the policies of the other cruise lines.

And this is exactly why we will not be rebooking another cruise when we're onboard...Rising prices coupled with eroding perks/pixie dust (to align themselves with other cruise lines)... I can sail on 'other cruise lines' for significantly less.

 

[Gigi22]

I suppose it's just a short wait for a casino?

 

[CastawayCayLover]

Stock was downgraded by Sanford Bernstein citing the expected changes in the ESPN pay per sub revenue model and unbundling of content. The bulk of the content media sector was hit over this.

By the way, DCL revenue in total is a rounding error in Disney's financials.

 

[IrishCowboy]

Geez..... it was meant tongue in cheek folks! A JOKE!!!!!! Nobody needs an economics lesson on world markets and balance sheets

 

[C6PT7]

Geez..... it was meant tongue in cheek folks! A JOKE!!!!!! Nobody needs an economics lesson on world markets and balance sheets

Right?!

It only takes one person (huhmm) to take things too seriously and try to defend dcl, then derail the thread to go off on a tangent about world market depressions due to uncertanty in economic recoveries. Party pooper!

Shame he didn't get the joke.