0FF TO NEVERLAND
DIS Veteran
- Joined
- May 7, 2018
If Disneys going broke, I’m Miles Davis.
Not that I disagree with the bigger point, but coke I believe has outsourced almost all their operations. It’s largely a brand and marketing company now.
Joseph
Isn’t that kinda what happened in Japan? They basically licensed “Disney”.Disney would be completely content to offload all the labor and retirement costs associated with the parks.
Disney released its 2nd quarter earnings today and made $3.6 billion in profits on $21.5 billion in revenue.This article reminds me of my homophobic relative posting a meme of how WDW were going bankrupt and had no visitors last Easter.
Meanwhile on the day it was posted you couldn't even purchase a ticket at a park since they were at capacity and the meme included a picture of Iger, not Chapek .
If you have an agenda to push, you will find evidence to support it.
Thank you for telling us. We appreciate the good and fine news.Disney released its 2nd quarter earnings today and made $3.6 billion in profits on $21.5 billion in revenue.
Thus any rumors about them going broke appear to be unfounded.
Well, what say you after this quarters earnings?maybe reality?
The Walt Disney Co. is the worst performing stock in the Dow Jones Industrial Average for the past year, plummeting 31 percent in the last 12 months.
Yep. We should have known much improved results were on the way when the board gave him another three years (in the midst of all the controversies).So that about does it for Chapek, he ain’t goin nowhere anytime soon. So all that conjecture can get flushed right down the toilet
I mean, he's strung 3 solid quarters together now. Fans may not like it, but he's been really positive for the company so far. That being said he's definitely had some growing pains, but nothing that looks to have any real long term impacts on the company (especially since it looks as though Reedy Creek is going to be left alone)Yep. We should have known much improved results were on the way when the board gave him another three years (in the midst of all the controversies).
For the company yes it's been a positive. For the unfavorable (AP holder) and many hardcore Disney fans he has been a negativeI mean, he's strung 3 solid quarters together now. Fans may not like it, but he's been really positive for the company so far. That being said he's definitely had some growing pains, but nothing that looks to have any real long term impacts on the company (especially since it looks as though Reedy Creek is going to be left alone)
It’s definitely been more expensiveFor the company yes it's been a positive. For the unfavorable (AP holder) and many hardcore Disney fans he has been a negative
All I see ahead are continued price increases.......and RIGHT NOW people are paying.
However the future will be interesting.
I think that's a bit of an overstatement, delinquencies are raising, but they have only raised back to pre pandemic level, which were at the time historically low. Needless to say that this period in economics is extremely bizarre, so who knows what's next.Agreed. People are paying, but household debt is at an all time high. Delinquencies, and prime (not just sub prime) repo's are exploding. I imagine a portion of trips are being put on credit cards. That credit card debt is going to be a powder keg.
Not really doom and gloom on the debt front, for now anyway:Agreed. People are paying, but household debt is at an all time high. Delinquencies, and prime (not just sub prime) repo's are exploding. I imagine a portion of trips are being put on credit cards. That credit card debt is going to be a powder keg.
Not really doom and gloom on the debt front, for now anyway:
https://www.cnbc.com/2022/08/02/household-debt-tops-16-trillion-as-inflation-surges-and-rates-rise.html?&qsearchterm=household debt
Despite the rising debt and inflation levels and higher interest rates, delinquency rates remained relatively benign.
“Although debt balances are growing rapidly, households in general have weathered the pandemic remarkably well, due in no small part to the expansive programs put in place to support them,” the Fed blog post said. “Further, household debt is held overwhelmingly by higher-score borrowers, even more so now than it has been in the history of our data.”
Through June, some 2.7% of outstanding debt was in delinquency, nearly 2 percentage points lower than the first quarter of 2020 as the nation was entering the Covid pandemic.
Fed economists noted that delinquency rates were nudging higher for subprime borrowers at the lower end of the credit scale.
Could be that with stimulus, and fear of a huge recession back in 2020/21 stopped people from accumulating debt, now they are finally adding debt back (for a myriade of reasons). You have to remember that last year American families had more savings then they had in 40 years. Now they’ve spent those savings, ( mainly due to the economy fully opening again IMO) and have taken on debt. 46 billion is a historic jump, but America is the largest consumer market on the planet, we LOVE debt, and credit card debt isn’t even back to where it was in 2019It's interesting how two people can read the same article and draw different conclusions. You see "no doom and gloom" and "relatively benign", I see "The increase in borrowing comes with inflation running at an 8.6% annual rate in the second quarter that included a 9.1% increase in June - the biggest move since November 1981" and "Credit card balances surged $46 billion in the three-month period and 13% over the past year, which Fed researchers said was the largest gain in more than 20 years" and can't see how that's a good thing. The fact that historically financially savvy people with higher credit scores are carrying more debt than ever is not a good sign to me, it's basically saying "hey these people who always pay their bills on time are saddled with credit card debt now". This was the same Fed that said inflation wasn't coming, then when it came it was transitory, and now that it's here it's actually a good thing. Insanity, truly.
The fact that this was Fed data certainly gave me pause given their recent track record but this is all year on year gains from an artificially low baseline when pandemic spending was at a minimum. Of course your going to have big spending/debt jumps when spending was limited prior. It's like the admin crowing about "record" jobs added - yeah, of course they are record adds from when most of the world was forced to stay home. Anyway, I think the most telling stat is that delinquencies are two points better than pre-pandemic. Maybe that will get worse as the "tranitory" inflation contiues to work it's way thru, but it certainly means people are meeting their obligations better than they were in Q1 2020 even after a few quarters of inflation.It's interesting how two people can read the same article and draw different conclusions. You see "no doom and gloom" and "relatively benign", I see "The increase in borrowing comes with inflation running at an 8.6% annual rate in the second quarter that included a 9.1% increase in June - the biggest move since November 1981" and "Credit card balances surged $46 billion in the three-month period and 13% over the past year, which Fed researchers said was the largest gain in more than 20 years" and can't see how that's a good thing. The fact that historically financially savvy people with higher credit scores are carrying more debt than ever is not a good sign to me, it's basically saying "hey these people who always pay their bills on time are saddled with credit card debt now". This was the same Fed that said inflation wasn't coming, then when it came it was transitory, and now that it's here it's actually a good thing. Insanity, truly.