"Greedflation" at Disney?

[Pooh's World]

I lied. I have a corporate bond. I had to look.

Your stretches of logic are simplistic. Even I am not arrogant enough to believe that what I say on an Internet travel planning Board will affect the bond's yield.

Ah an ad hominem attack.

That’s okay. We now know you have an interest in Iger and Disney Corp so that explains your position and there is bias involved in your commentary on this subject.

 

[New Mouse]

I’d hardly classify a profitable enterprise as “crumbling.”

The funny thing about today's Wall Street is that profitable in some cases isn't good enough, while in others, losing money will drive people to invest.

Disney has assets and they are making money, but if their stock tanks regardless, the party's over at least as an independent company.

 

[Brian Noble]

"You are a fool" is an ad-hominem attack. "You just want to see the stock price go up" is another one. ("Attacking a person's...motivation")

Projection is a thing, I guess. (And yes, that qualifies as ad hominem attack. Guilty as charged, your honor.)

"Your logic is simplistic" is not. That's substantive criticism.

 

[Pooh's World]

"You are a fool" is an ad-hominem attack.
"Your logic is simplistic" is not. That's a substantive criticism.

It actually is. It’s a passive aggressive attack. Easily seen through

 

[Brian Noble]

Passive-aggressive is not the same as ad hominem, but words don't have to mean things if you don't want them to.

(That's another ad hominem attack, BTW.)

I now return y'all to your regularly scheduled economic discussion.

 

[Pooh's World]

Passive-aggressive is not the same as ad hominem, but words don't have to mean things if you don't want them to.

(That's another ad hominem attack, BTW.)

I now return y'all to your regularly scheduled economic discussion.

Passive-aggressive is

Passive-aggressive is not the same as ad hominem, but words don't have to mean things if you don't want them to.

(That's another ad hominem attack, BTW.)

I now return y'all to your regularly scheduled economic discussion.

Do you own stock in Disney?

 

[Brian Noble]

No.

 

[gmi3804]

Do you own stock in Disney?

Brian was a big shareholder in Funk & Wagnall’s and has been bitter ever since they folded.

 

[Brian Noble]

As it happens, we were a World Book family. That’s unsurprising given its “particular strength in scientific, technical, historical and medical subjects.”

Looks like they are still in business, though they appear to be privately held.

 

[gmi3804]

As it happens, we were a World Book family. That’s unsurprising given its “particular strength in scientific, technical, historical and medical subjects.”

Looks like they are still in business, though they appear to be privately held.

We had World Book too. I spent hours with those books when I was a kid.

 

[Brian Noble]

I did too, and it led to some very interesting conversations with my eighth grade science teacher---for example, the time I accused him of teaching us the wrong order in which electron shells were filled. (He was using strict in-to-out order, instead of following the aufbau rule. I was also even more insufferable then than I am now.)

He fessed up, but also pointed out that the real model was more complicated to explain than the model we were using, and that level of detail was unnecessary at the level of 8th grade physical science. He also warned me that this "you don't really know the whole story, just an approximation of it" problem would never stop.

Sure enough, he was right about that. My intro to quantum class bent my brain.

 

[gmi3804]

I did too, and it led to some very interesting conversations with my eighth grade science teacher---for example, the time I accused him of teaching us the wrong order in which electron shells were filled. (He was using strict in-to-out order, instead of following the aufbau rule. I was also even more insufferable then than I am now.)

He fessed up, but also pointed out that the real model was more complicated to explain than the model we were using, and that level of detail was unnecessary at the level of 8th grade physical science. He also warned me that this "you don't really know the whole story, just an approximation of it" problem would never stop.

Sure enough, he was right about that. My intro to quantum class bent my brain.

You mean you were always this way? Oh, dear.

 

[Brian Noble]

Nature reinforced by nurture, baby.

 

[Pooh's World]

As it happens, we were a World Book family. That’s unsurprising given its “particular strength in scientific, technical, historical and medical subjects.”

Looks like they are still in business, though they appear to be privately held.

World Book another example of an arrogant company that did not adapt to changing times and collapsed.

 

[Cfabar1]

I am out of the Northeast, and $200 bucks a night is standard around here. so in my mind that's not crazy, but i can understand other parts of the country thinking that is ludicrous

It’s hard to find a good hotel in a tourist destination in Florida for $200/night. In our town, $200/night is about what the Fairfield Inn on the side of the highway gets you for much of the year.

I do think they are doing some nickel and dimming, but honestly, maybe I am skewed because of AP Discounts, but I don’t find the prices to be too unreasonable for Disney. Yes, it is expensive. But so is every other tourist-filled destination. I do think Genie+ should be included in the ticket cost, and that charging for the Individual Lightning Lanes is especially greedy when people have already paid for Genie+, so I do have some beef with pricing, but overall I do think many things have just become insanely expensive.

And consumers have choice whether to pay for them or put their money elsewhere….

 

[tom1944]

Then it’s in your financial interest to prop up Iger and Disney on the internet. So you are not really an unbiased observer.

If I owned alot of Disney stock I would do the same thing on the internet. It’s smart.

If you have any index funds you own Disney stock

 

[SL6827]

This is what happened to the American car industry. They started cutting corners, planned obsolescence, arrogant dealers, making money off repairs. Ended up losing the market to Japan and Europe.

Or Maytag which used to make washers that lasted 20-40 years. whirlpool bought them and they stopped making the Maytag quality washers and instead put the Maytag logo on whirlpool quality washers that last only 4-5 years.

Blockbuster video same thing. Became arrogant and didn’t think they needed to adapt or please the loyal customer base.

AOL.

Yep. I worked for GE for nearly 19 years.

 

[rdevans_2000]

A free market will rein it in. If hotel occupancies drop, some companies will lower prices and other companies will be forced to lower their rates.

Exactly right. In the US we have become so accustomed to thinking about our “rights” that we feel corporations “owe” us a good deal. They don’t. Just like with Disney; we keep packing the parks, paying their high food and resort prices, subscribing to Disney+, etc., regardless of the constant price increases and decreasing levels of service. If it was a restaurant near our houses we simply would stop going and cook at home or find another restaurant. We vote with our wallets. But we find it harder to quit something like Disney. It’s simple supply and demand economics.

 

[rdevans_2000]

A free market will rein it in. If hotel occupancies drop, some companies will lower prices and other companies will be forced to lower their rates.

Exactly right. In the US we have become so accustomed to thinking about our “rights” that we feel corporations “owe” us a good deal. They don’t. Just like with Disney; we keep packing the parks, paying their high food and resort prices, subscribing to Disney+, etc., regardless of

Not a good example at all.

A better example is my landlord increasing my rent $500/month just because she can, and not because her costs have increased at ALL. She was making a healthy profit when my rent was $3250 and now it’s gonna be $4200 this year. Just more money in her pocket. Oh, and the house has appreciated in value 70% in the last 8 years, so tell me with a straight face this is not greed.

Not a good example at all.

A better example is my landlord increasing my rent $500/month just because she can, and not because her costs have increased at ALL. She was making a healthy profit when my rent was $3250 and now its gonna be $4200 this year. Just more money in her pocket. Oh, and the house has appreciated in value 70% in the last 8 years, so tell me with a straight face this is not greed.

The problem with the entire discussion is the term Greed itself. It’s subjective. What seems greedy to one person or or company is simply “maximizing profits” to another. All of us in this chat right now would become “greedy” if the housing demand in your area skyrocketed and prices doubled just as we listed your house. We would not take the first offer for 10% below asking price knowing that five more offers for more than asking price are coming within hours. We also would not offer to fix the items on the inspection report when plenty of buyers will purchase “as is”. We all understand that on a personal level but we expect companies to behave differently. I HATE the service decline at Disney even more than the price increases. So sad to me. But they have no financial mandate from the customers to do otherwise. We vote not on these boards with our words. We vote with our patronage.

the constant price increases and decreasing levels of service. If it was a restaurant near our houses we simply would stop going and cook at home or find another restaurant. We vote with our wallets. But we find it harder to quit something like Disney. It’s simple supply and demand economics.

 

[New Mouse]

If demand exceeds supply, prices rise. The only way to get prices to fall is increase supply or reduce demand.

But demand isn't exceeding supply and prices are going up significantly faster than costs.

If we lived in a free market society, this wouldn't be possible.