Rodan75
Well-Known Member
Ah. sorry.
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A Spirited Perfect Ten
- Thread starter WDW1974
- Start date
Ah. sorry.
ford91exploder
Resident Curmudgeon
As a hot stock DIS is firing on all cylinders, As to investing in key lines of business DIS has done little other than investing in what I suspect will be called 'Igers Folly' ie SDL. Parks and Resorts is investing at record lows where even Six Flags is investing more as a percentage of CAPEX.
Martiyoman
Active Member
Lies. TWDC is, as rodan stated, investing in every single stateside park simultaneously right now. That's hardly "little more than [SDL]"
Donald Razorduck
Well-Known Member
She is a CO-owner with Herschend, it's not all hers, she bought in. Herschend has successfully used that to rebrand and build a separate identity. She is not opposed to growth outside of the Smokies as just three years ago HFE/Dolly and Gaylord were talking a water/snow park in Nashville that might lead to a dry park as well. Gaylord abruptly changed hotel management and it faded away. Interestingly enough, an indoor waterpark for Opryland Hotel is being surveyed now. I've yet to see one good reason she'd be opposed considering the growth of HER park under Manby and how it would be much different than now.
Phil12
Well-Known Member
She definitely knows how to grow things big!
ford91exploder
Resident Curmudgeon
TRUTH,
Disney is now investing 7.4% of P&R revenue in the parks INCLUDING SDL and Cruise Ships this is the lowest EVER in the history of the Disney company, Six Flags is investing 9.6% and UNI is investing 22.8% of revenue.
@ParentsOf4 has documented this in great detail.
So tell me again how things are 'improving' as to investments in the park, Disney has been pursuing a strategy of low cost high visibility projects to fool people into thinking they are doing more at WDW than they are in reality when you look at the actual numbers.
RSoxNo1
Well-Known Member
Perhaps it's a sign to sell when the CFO is selling $12 million in stock. We know he's going away, but still.
I don't get it can you explain?
RSoxNo1
Well-Known Member
Those movies were questioned all throughout development. Tomorrowland is literally 6th on the list of projected earners for Disney this year. Their movie lineup this year is unprecedented. Having said that, I literally just got off the phone to sell my stock first thing Monday morning.
lazyboy97o
Well-Known Member
So? Dollywood is a joint venture. She doesn't own Herschend and if the people running her park stay, why would she care?
Martiyoman
Active Member
You said they're doing little more than investing in SDL. They're investing in every park in the US. Therefore, they are doing more than just SDL. That's logical progression for you.
I may be wrong, but I'm pretty sure no one has said P&R investment is improving, or going up, and forgive me if I'm incorrect in my reasoning here, but universal has 5 parks worldwide, compared to 11 for disney and a 12th on the way. And considering disneys attendance was at roughly 132M last year, according to Forbes, compared to only 36M worldwide for Universal, it stands to reason revenue would also be roughly 4 times as much, and yet disney is only spending about one third of the percentage as universal. I don't know the numbers, but that looks to me as though disney is spending more cash than universal; hardly a cheap fix here and there as you intimated.
PhotoDave219
Well-Known Member
I look nothing like dolly parton. But i can cover Jolene if you'd like.
Goofyernmost
Well-Known Member
Don't get me wrong Dave, but, even though I don't have a clue what you look like, I could guess that if Jolene looked like you, Dolly wouldn't have to be begging her to not take her man. Just saying!
Cesar R M
Well-Known Member
the good thing is, they at least are building now..
a LOT.
They are fixing a ton of stuff at magic kingdom that was due (space and walkability wise)
AKL as well (attraction wise)
DHS...... well, only plants.. and until I see Disney's "announcement of an announcement of the coming soon attraction", I will believe nothing.
that is of course.. better than sitting doing nothing..
PhotoDave219
Well-Known Member
Don't get me wrong Dave, but, even though I don't have a clue what you look like, I could guess that if Jolene looked like you, Dolly wouldn't have to be begging her to not take her man. Just saying!
Very very true.
Cesar R M
Well-Known Member
This is why you never take "raw numbers" only.
you take percentages on what money is at hand and what is expended.
Nemo14
Well-Known Member
but if he could rock that dress...Don't get me wrong Dave, but, even though I don't have a clue what you look like, I could guess that if Jolene looked like you, Dolly wouldn't have to be begging her to not take her man. Just saying!
Martiyoman
Active Member
I get that, but at the same time you're looking at disney producing something like the 3-4 biggest movies of the year? Not trying to be snarky, I honestly can't think of it, but what is universal putting out? It's not like all of that extra revenue is just going straight back into disneys pockets, it's going to their ridiculously large portfolio of assets and projects that perhaps they're looking at growing in order to create a base for the theme parks to build on (Star Wars, tomorrowland, the ever-growing line of Pixar films that could fit in nicely at Epcot). I get that most here think they already have a base and don't need to grow it, but that's what stockholder meetings are for, but again, it also sounds like most people here won't be able to attend those much longer either
. My point, universal is looking to strike at the Orlando theme park iron while it's hot, in a period of slow disney action, and disney isn't. I don't think that makes disney a bad company, or bad at managing theme parks.
ParentsOf4
Well-Known Member
To be clear, 7.4% was domestic P&R capex as a percentage of domestic P&R revenue for the most recent quarter.
This does not include international investments or revenue.
Disney spent 94.2% of international P&R revenue on international P&R capex.
P&R's combine domestic and international total for the quarter was 22.4%.
Disney's Shanghai investments are incredibly high right now. 2014 was the first fiscal year that Disney spent more internationally than domestically.
The most recent quarter (1Q2015) was the most lopsided quarter ever, with Disney investing over 2 1/2 times more internationally than domestically.
Disney is spending, but they are spending most of it in Shanghai, that well-established Disney BRAND stronghold.
Disney's overseas exposure is at its peak right now. It explains why Disney executives might be hypersensitive to anyone questioning what's happening in China.
Let's look at apples-to-apples. For fiscal year 2014:
- Universal Theme Parks: 25.6%
- Disney P&R total: 17.8%
- Disney P&R domestic: 9.6%
- Six Flags: 9.2%
During Bob Iger's first 7 fiscal years as CEO, Disney spent 14.6% of domestic P&R revenue on domestic P&R capital expenditures.
The following shows domestic spending levels over the last 8 fiscal quarters (i.e. 2 years):
Disney's current domestic spending is approaching the record low. (The lowest full fiscal year is 8.3% in 2006.)
P.S. In case it is unclear, the above numbers are specific to Disney's Parks & Resorts segment and Universal's theme Parks division, not to either company as a whole. I've edited the above to explicitly state this. Hopefully, it's clearer now.
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