ford91exploder
Resident Curmudgeon
Criticism of the guy who bought star wars and marvel is a trigger
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Bob Iger Bans Top Analyst and His Firm
- Thread starter WDW1974
- Start date
Criticism of the guy who bought star wars and marvel is a trigger
Filby61
Well-Known Member
Ah. Gotcha.
The "All analysts who criticize Disney are stock manipulators, WDW1974 criticizes Disney, therefore WDW1974 is a stock manipulator" theory.
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Rich Greenfield is the analyst Iger was unhappy with during a December 21, 2015 interview on Bloomberg TV.
When asked:
But still an analyst came out with a report that expressed some skepticism involving ESPN in large part. I wonder what your reaction to that report has been.
Iger answered with:
Well, I was curious or suspicious about the timing. If anybody wanted headlines the time to do it was the morning after "Star Wars" opened in the United States. And so it was headline grabbing. The analyst who came out with that report has been wrong about us on a number of occasions. And so one would have to question if he's been wrong so often before, you know, how valid were his comments this time around. And by the way, he's entitled to his opinions.
And the other thing I would say is I don't know where the accountability is. I don't know when he's wrong; I don't know who he's accountable for. But nothing has changed and we've got nothing to update since our last filing and our last earnings call regarding ESPN. So again, he's entitled to his opinions.
On the day of the Bloomberg interview, Disney stock closed at $106.59.
Rich Greenfield had predicted the Friday before that Disney stock would fall to $90/share.
Disney stock closed at $88.85 on February 10, 2016.
I guess Iger doesn't like it when an analyst gets it right.
No. He doesn't. He likes total and absolute control like a dictator ...
And don't ever go off message whether you are a blogger for the HuffPo, a reporter for the LA Times or an influential Wall Street analyst. Nope.
Everything in China is great. ESPN is fine. MM+ reinvented the theme park experience. And Rogue One is going to be a great film.
Thanks again for coming in with pure facts that put things in simple black and white terms for everyone!
Depends on whether the media continues to march to a tune sung in Burbank or if someone goes off to the beat of a different drummer.
Not true. He is taken very seriously by people in the know. If he wasn't, why would Bob waste his time? You don't make inconsequential beings consequential. ... And that THR story was written largely as a hit piece. Do I think DIS had a role?
Because there is major news. If you don't like for God's sake what's wrong with you? Are you addicted to me? This site has hundreds and hundreds of active threads. Go to them and post about what interests you.
Attention? Does it bother you that people actually read and respond and talk about what I post? It sure seems to bother many people here. Maybe it would be better if you didn't have these threads and you could just talk about the latest upcharge events or blather about attractions that will open next decade.
The head of the WDC continuing his bizarre and troubling behavior of recent is newsworthy ... and newsworthy where people will see it and read it. No one forces you to do so.
And take your conspiracy BS and shove it up your blank. I am not using that term. I am stating FACTS. People can draw their own conclusions.
Filby61
Well-Known Member
The ridiculing of WDW1974 is a classic brand-fan anger response -- a compulsive acting-out of anger triggered by the perception that the fan's "braligion" (brand-religion) is being insulted or attacked. It's similar to the anger that sports team fanatics, political partisans and religious zealots experience when they feel that the object of their loyalty and devotion is being insulted. Ignoring the insult isn't an option -- the brand fan is compelled to protect the object of his devotion by attacking the source of the insult.
It's literally a brain thing. Brand loyalty and religious devotion are generated by the same areas of the brain:
The results of the [MRI] scans... prove that incredible devotion and loyalty to a brand or a religion emanate from the same parts of the human brain. ...When any person shows incredible loyalty to a brand or product to the point of devotion, it stimulates the same parts of the brain.
The other takeaway from the documentary and the test is that the most successful companies are the ones that manage to find a way to trigger those parts of the brain. Once a brand or company gets there, there’s no going back, and the devotee is hooked on the products and the culture. It could very well be the key to building a brand that becomes a household name.
The other takeaway from the documentary and the test is that the most successful companies are the ones that manage to find a way to trigger those parts of the brain. Once a brand or company gets there, there’s no going back, and the devotee is hooked on the products and the culture. It could very well be the key to building a brand that becomes a household name.
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ParentsOf4
Well-Known Member
You're not the only one who thinks Iger is behaving unprofessionally. Back in December, Iger's response caused murmurs among those who closely follow financial news and, in at least one case, lead to an unusual public commentary by Eric Jackson, Managing Director at Ader Investment Management:
Disney's CEO Bob Iger Needs to Talk Straight; Here's Why
By Eric Jackson
After Star Wars had a record opening, Bob Iger, the CEO of Disney (DIS) went on Bloomberg TV last Monday to take a bow. And he was allowed to, mostly.
Iger was asked, however, about an unnamed analyst -- in fact it was Rich Greenfield of BTIG -- who had recently turned negative on the stock and downgraded it to a $90 price target on Friday Dec. 18.
The call looks smart now. Disney was down 4.5% in the week following the release of the new blockbuster that will likely pass Avatar as the biggest grossing film ever.
Iger's comments about Greenfield -- who was never mentioned by name by either him or the TV hosts -- were odd, as he suggested that the analyst had been consistently wrong before on his Disney calls. Therefore, why should anyone believe him now? Iger asked rhetorically: "Where's the accountability for these analyst guys?"
Greenfield's calls on Disney's stock, in fact, have been pretty accurate, as he tweeted out later in the day.
I'm no Greenfield apologist. He hasn't always been right. I remember seeing him on Squawk Box after the August media massacre and he was challenged by Joe Kernan about being negative on Disney. Greenfield advised not shorting Disney then. That might have been a right call then on timing and valuation, but it's the call he's now made in December.
But, let's face it, Iger lashing out at Greenfield irrationally makes him look bad and Greenfield look good. Just what is Iger worried about?
Greenfield's points apparently are hitting the mark. That was demonstrated by Iger's reaction and lack of details in responding to his critics with any specifics about how and when they will go direct to consumer without upsetting his cable and satellite partners.
It would be nice to see Iger have to answer some specific questions about just how he will respond to the issues facing his business. It's not enough to just make statements about a mature business like it will still grow well in the future.
By Eric Jackson
After Star Wars had a record opening, Bob Iger, the CEO of Disney (DIS) went on Bloomberg TV last Monday to take a bow. And he was allowed to, mostly.
Iger was asked, however, about an unnamed analyst -- in fact it was Rich Greenfield of BTIG -- who had recently turned negative on the stock and downgraded it to a $90 price target on Friday Dec. 18.
The call looks smart now. Disney was down 4.5% in the week following the release of the new blockbuster that will likely pass Avatar as the biggest grossing film ever.
Iger's comments about Greenfield -- who was never mentioned by name by either him or the TV hosts -- were odd, as he suggested that the analyst had been consistently wrong before on his Disney calls. Therefore, why should anyone believe him now? Iger asked rhetorically: "Where's the accountability for these analyst guys?"
Greenfield's calls on Disney's stock, in fact, have been pretty accurate, as he tweeted out later in the day.
I'm no Greenfield apologist. He hasn't always been right. I remember seeing him on Squawk Box after the August media massacre and he was challenged by Joe Kernan about being negative on Disney. Greenfield advised not shorting Disney then. That might have been a right call then on timing and valuation, but it's the call he's now made in December.
But, let's face it, Iger lashing out at Greenfield irrationally makes him look bad and Greenfield look good. Just what is Iger worried about?
Greenfield's points apparently are hitting the mark. That was demonstrated by Iger's reaction and lack of details in responding to his critics with any specifics about how and when they will go direct to consumer without upsetting his cable and satellite partners.
It would be nice to see Iger have to answer some specific questions about just how he will respond to the issues facing his business. It's not enough to just make statements about a mature business like it will still grow well in the future.
tirian
Well-Known Member
Too bad this writer didn't fully explore what happens when someone becomes disenchanted and violently turns on the brand or religion.
Filby61
Well-Known Member
The more pertinent study would be what happens when the brand turns on its fans.
tirian
Well-Known Member
They become disillusioned and unfairly focus on the negatives, taking pleasure in ripping it to shreds.
It is truly sad that when important news and information gets reported here that certain people would prefer to shoot the messenger rather than discuss the topic. And the fact that Greenfield isnt the #1 most well respected analyst is enough for those same people to discredit him. Has every whistle blower throughout time been the highest ranking person in their field? @ParentsOf4 post was chalk full of factual data that proves why Iger would be so upset, yet Im sure thats just another conspiracy.
Iger could make a video and tell the world he doesnt care about Disney or the parks legacy and is only in it for the money and then give a middle finger to the camera....and he would still be defended by the advocates here. The simple fact that he "bans" any insubordinate reporters is proof that he has something to hide or is worried about something. Who cares who the reporters are, Igers actions speak volumes.
Iger could make a video and tell the world he doesnt care about Disney or the parks legacy and is only in it for the money and then give a middle finger to the camera....and he would still be defended by the advocates here. The simple fact that he "bans" any insubordinate reporters is proof that he has something to hide or is worried about something. Who cares who the reporters are, Igers actions speak volumes.
We already know the answer to that. They charge them $65 for cupcake parties and throw $89 Halloween parties in the summer
They also invest millions in re-theming their parks, building new attractions, etc. Yep I can tell Disney really hates me.We already know the answer to that. They charge them $65 for cupcake parties and throw $89 Halloween parties in the summer
draybook
Well-Known Member
They used to do those things without nickle and diming EVERY aspect of your vacation......
xdan0920
Think for yourselfer
He isn't inconsequential. He makes sure of that by injecting himself into the story. He is one of, if not the most quoted analyst on the street. The combination of his beat (media/entertainment) and his big mouth made him so. I just don't see where he's respected.
If the WSJ is telling you to take a walk, that says something.
As far as Dis having a roll in the THR piece you're probably right, but they were far from the only ones. He's an unpopular figure. Not only because of his sell calls either.
Edit to add...
If Dis had done this to literally any other analyst, there would be smoke here. But not cooperating with a guy like Greenfield hardly matters. If Iger stops cooperating with major financial analysts and institutions which who aren't him, then we have something.
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And in less than 10 years, and without having to shoehorn them in, and the attractions and shows were actually worthy of the hype,
You can say that about a lot of industry. Restaurants used to serve a loaded baked potatoe. Now they serve a plain potatoe and you have to pay for toppings. Some airlines charge for carry ons or extra for seats with more leg room. Heck we just this week used a fishing guide service that charged extra for using live bait which has always been included in the base cost in the past. Disney is not the only entity up charging.
EPCOTCenterLover
Well-Known Member
And who is Spirit promoting? He's hawking no product. Cheap and unnecessary shot.
ford91exploder
Resident Curmudgeon
Which is something you are seeing now with the Sanders and Trump phenomenon, The political parties establishment HATE their respective base(s) and consider them 'Useful Idiots' until of course like now they are not 'Useful Idiots'.
The dyamic is fascinating.