Slpy3270
Well-Known Member
I didn't realize Disney Stock was now over $120 - up up up it keeps going!
If you think the rising stock is gonna benefit Iger and his nominees then you need to brace for the possibility that it collapses should Peltz lose because it doesn't explain why ISS is backing Peltz in spite of the rising stock price. And I doubt investors - for better or worse - are going to give a damn about his comments on Black Panther considering Wakanda Forever grossed nowhere near a billion.
They care only about the money, and their investments in Disney from 10 years ago are flat. Are they really gonna want to stick with the status quo for a few more years as linear TV continues to fall and theatrical likely never returns to pre-Covid levels? (Especially if AMC ends up going bankrupt?) I doubt it.
If Iger believes investors are gonna ignore this and the Chapek fiasco and buy into his vision for the company, I wouldn't be surprised if he quits when investors tell him "No. It's not enough."
It's usually doing exceptionally well when the regulars aren't trying to trot it out to prove a point. My favourite recently was somehow trying to prove a 3-4 week 'flat' stock was a cause for alarm.
If Peltz was really just in it for the money (as he says) and not to further an ego or culture war, there would really be no reason to continue at this juncture. He actually acted fairly rationally the first time, this time not so much.
The problem is that investors have been aching for incremental change and for Iger to go for many, many years and that has been Peltz's central argument in this fight. If that WSJ vote leak yesterday is accurate, that might be enough for him to get through the finish line, consequences and risks be damned.
I don't want Peltz and Rasulo to win but people need to be mentally ready in the event that either one of them does.
Investors are giving up on the idea of Disney growing under Iger and may decide a wholesale change of the board and company might be the path forward. We're seeing this happen in all of Hollywood: WBD and Paramount might not make it next year, Fox has already de facto left Hollywood, and don't be surprised if Roberts decides to cut NBCU loose from Comcast to get that stock to $60. Sony will probably say goodbye to movies and TV once all those content buyers disappear.
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