Disney Stock News & Earnings

RivShore

DIS Veteran
Joined
Sep 27, 2019
Thought this deserved it's own thread - an all time high during a time when most of it's divisions are being hit hard is just incredible. Disney+ and the other streaming initiatives debuted at just the right time for us long time holders!

Today's move was helped by this:

ETA: High for 12/2/2020 was $154.01
 
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DisneyPigFan

Mouseketeer
Joined
Aug 28, 2012
I don't know what to make of it. The market in general is bonkers right now. Sure, vaccines are around the corner, so to speak. But in the meantime, the pandemic is the worst its ever been and getting worse by the day.

And most of Disney's core businesses are still crippled. What are they rising on? Just Disney plus and vaccine optimism?

Eh. I'm a shareholder, too. Only 28 shares though at the moment. Bought around $100/share so pretty nice profit if I were to sell. :D Think I'll hold forever though and gradually accumulate more.
 

OKW Lover

Retired and living 2 miles from The Castle.
DIS Lifetime Sponsor
Joined
Apr 29, 2004
Investors are realizing that Disney is much more than the parks and some animated movies.
 

Heather07438

WDW Apprentice
Joined
Oct 20, 2015
It's remarkable. Covid was negative for parks/cruises but the situation being positive for Dis+ helped counteract it.

Disney is one of the smartest companies out there. especially where it comes to consumerism. Cute wholesome little Disney kitten is actually a insatiable tiger behind closed doors, lol.
 

Carol_

DIS Veteran
Joined
Aug 29, 2019
I’m still waiting for a discount. They’ve taken on a lot of debt. Between that and the theme park cuts, long term rewards look just ok.
 
  • RivShore

    DIS Veteran
    Joined
    Sep 27, 2019
    I’m still waiting for a discount. They’ve taken on a lot of debt. Between that and the theme park cuts, long term rewards look just ok.
    Agreed on the travel related side of the business but the market is focused on streaming and is applying Netflix like multiples to it.
     

    New Mouse

    DIS Veteran
    Joined
    Jun 8, 2010
    The whole market is a bubble right now. Unemployment/underemployment is sky high, companies are taking on debt and revenues are majorly down. Corporate land leases are under water. People are taking pay cuts left and right, Yet most stocks are up.

    Heck, Norwegian Cruise reported 3 more months of little to no revenue today with their cancellations, marking a year of 0 revenue, but their stock had a 5% swing winding up 2%. Take the profits while you can.
     

    tlmadden73

    DIS Veteran
    Joined
    Oct 9, 2014
    Kicks myself for not buying MORE of the stock when it was well under $100/share. I still can't believe it is hitting historic highs with all the turmoil the company (and economy) is in.
     
  • firefly_ris

    DIS Veteran
    Joined
    Nov 25, 2015
    Kicks myself for not buying MORE of the stock when it was well under $100/share. I still can't believe it is hitting historic highs with all the turmoil the company (and economy) is in.
    DH sold ours several months ago for reasons I can't explain.
     

    BrianL

    Doom Buggy Driver
    Joined
    Jul 24, 2013
    Kicks myself for not buying MORE of the stock when it was well under $100/share. I still can't believe it is hitting historic highs with all the turmoil the company (and economy) is in.
    Heck, I thought it was high then and that I'd never see a good return on it. I should never doubt that Disney stock!
     

    ford91exploder

    DIS Veteran
    Joined
    Jan 30, 2009
    Probably for same reason I sold some of mine: -- just thought that Disney was in trouble and the stock was bound to go even lower.
    Lots of money chasing few opportunities, I sold all my Disney stock a long time ago as to Disney+, Hulu is far more valuable, Remember Disney+ is being GIVEN away by verizon and others. I said 'thanks but no thanks' to Disney+ when Verizon offered it the key is how many people are willing to PAY for it I expect that number is much smaller than those currently subscribed 'for free'.

    Disney like most companies which engage in financial engineering rather than concentrating on products and services will go PFFT! someday and everyone will wonder what happened, The parks and studios / streaming will be with us they just will be owned by other people.
     

    skeeter31

    DIS Veteran
    Joined
    May 3, 2012
    Lots of money chasing few opportunities, I sold all my Disney stock a long time ago as to Disney+, Hulu is far more valuable, Remember Disney+ is being GIVEN away by verizon and others. I said 'thanks but no thanks' to Disney+ when Verizon offered it the key is how many people are willing to PAY for it I expect that number is much smaller than those currently subscribed 'for free'.

    Disney like most companies which engage in financial engineering rather than concentrating on products and services will go PFFT! someday and everyone will wonder what happened, The parks and studios / streaming will be with us they just will be owned by other people.
    So you don‘t go to Disney, you turn down a free Disney+ subscription, you generally detest anything having to do with Disney today, yet you continue to post on a Disney forum...
     

    middlechild

    Mouseketeer
    Joined
    Nov 4, 2013
    While Disney+ may be seen as free to users, it was not surprising at all to see a cross agreement to "discount" the service to VzW on a per user per time frame agreement. From Bloomberg:
    "In tandem with the Disney+ November 12 launch, Verizon will become the exclusive wireless carrier to offer 12 months of Disney+ to all new and existing 4G LTE and 5G unlimited wireless customers. Verizon will also offer 12 months of Disney+ to its new Fios Home Internet and 5G Home Internet customers."

    Disney gets to claim the total VzW subscriber base as members (even if they don't activate it) to inflate their subscription numbers and VzW gets a new marketing angle to capture eyeballs. Both companies plan know that a certain percent will remain after the one year expiration. And they know by how difficult to extract from a once free offer over history. Not sure which company got the better end, but the pairing was a brilliant piece of marketing! Actions like this are why the stock keeps climbing.
     

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