News Bob Iger is back! Chapek is out!!

[Disney Analyst]

I believe the stock is up because investors are buying up shares to get Peltz on the board. This is not going to be an easy fight for Iger to win.

Interesting theory. Just a hunch or based in fact? It’s been rising for a solid month now.

 

[MisterPenguin]

I believe the stock is up because investors are buying up shares to get Peltz on the board. This is not going to be an easy fight for Iger to win.

Well, if they want to affect the vote among shareholder by, let's say 10%, then they only have to buy $18 Billion worth of stock!!

 

[MR.Dis]

Are there not enough 80 year olds messing up the country, we really do not need them on Disney's board of directors and messing up here too? Why can not old rich people just go away and enjoy the fruits of their labor (money).

 

[Serpico Jones]

Interesting theory. Just a hunch or based in fact? It’s been rising for a solid month now.

It’s the theory of William Cohan from Puck News.

 

[larryz]

Why can not old rich people just go away and enjoy the fruits of their labor (money).

I'm sure that if they had an ounce of confidence that the current generation(s) wouldn't turn this country into South America, they would. Anything like that severely threatens their (and their progeny's) continued wealth.

 

[flynnibus]

With the stock up another 3% today could it be Peltz is just bringing the drama to goose it before he gets out? I wouldn't expect his threat to the board to be met with glee by investors but there you have it. Maybe they think Peltz will get a dividend back but fail to understand where the money would come from?

Welcome to the "green-mail" investment plan. Insert yourself... drive up numbers... force the company to settle with you and buy you out to the tune of a hefty profit.

 

[BrianLo]

Any article that begins by calling the buyout $71B is flawed from the beginning.

Is $71B burdensome? Yeah. That's why Disney sold off or wrote off $20B worth of old Fox. The final buyout cost was $51B.

FYI the divested assets were significantly more than 20 billion. 15 for Sky, 10 for Fox Sports Networks, 2.2 for Endemol Shine Group.

Then there were many smaller things I can't find exact numbers for; 50% of the European portion of A&E, a Mexican stake in Walt Disney studio Sony pictures, Fox Sports Latin America, Debar-Mercury, FoxNext's gaming assets, TrueX and Telecolumbia.

Plus 2 billion of synergies. An old Deadline article estimate 30 billion, but there was a few small divestments that have occurred since.

I honestly think Disney should just produce 'the number' now to change 'the narrative'.

 

[BrianLo]

Interesting theory. Just a hunch or based in fact? It’s been rising for a solid month now.

PS the stock movement is in line with the market, Comcast was also up 3%. Other travel players like cruise lines were up several percentage points. The entire market is up on the back of positive federal inflation news, not on the Peltz drama.

 

[MisterPenguin]

 

[Ayla]

When the market opens on the news of the fantastic job numbers for January, Disney stock will continue to rise.

 

[MisterPenguin]

When the market opens on the news of the fantastic job numbers for January, Disney stock will continue to rise.

The two quarters of GDP contraction a year ago (one of which was rather small) did not portend a recession. The two quarters after that had GDP gains.

Inflation rate is coming down.

Number of jobs added continues to chug along nicely quarter by quarter.

And unemployment is at a historic low.

There is no recession on the horizon, as people have been saying since the start of the pandemic.

Only one thing now can threaten an actual recession: The U.S. defaulting on its debt payments. And that's in the hands of the House.

 

[Disstevefan1]

Only one thing now can threaten an actual recession: The U.S. defaulting on its debt payments. And that's in the hands of the House.

If this is the case, we are truly in trouble.

 

[Jrb1979]

The two quarters of GDP contraction a year ago (one of which was rather small) did not portend a recession. The two quarters after that had GDP gains.

Inflation rate is coming down.

Number of jobs added continues to chug along nicely quarter by quarter.

And unemployment is at a historic low.

There is no recession on the horizon, as people have been saying since the start of the pandemic.

Only one thing now can threaten an actual recession: The U.S. defaulting on its debt payments. And that's in the hands of the House.

All those numbers are just that numbers. Regardless of jobs being added and unemployment at it's lowest, people still can't afford a lot of things. Groceries are still more expensive then they have ever been. I don't see how inflation rate going down changes that.

 

[Ayla]

The two quarters of GDP contraction a year ago (one of which was rather small) did not portend a recession. The two quarters after that had GDP gains.

Inflation rate is coming down.

Number of jobs added continues to chug along nicely quarter by quarter.

And unemployment is at a historic low.

There is no recession on the horizon, as people have been saying since the start of the pandemic.

Only one thing now can threaten an actual recession: The U.S. defaulting on its debt payments. And that's in the hands of the House.

If that actually happens, the price of disney stock will be the absolute least of Peltz's worries.

 

[Lilofan]

PS the stock movement is in line with the market, Comcast was also up 3%. Other travel players like cruise lines were up several percentage points. The entire market is up on the back of positive federal inflation news, not on the Peltz drama.

It surely is. I am investing on the Nasdaq long term and it’s up almost 20% from December 2022 low. Stocks are up also because investors are pouring their money back into the markets.

 

[MisterPenguin]

All those numbers are just that numbers. Regardless of jobs being added and unemployment at it's lowest, people still can't afford a lot of things. Groceries are still more expensive then they have ever been. I don't see how inflation rate going down changes that.

Because the lowering of inflation means that prices are coming down. Because those numbers measure the rising or falling prices of goods and services. So, the only way for that number to go down is if it measured the slowing of the increase of prices.

That's what those numbers mean. They're not inconsequential.

 

[HauntedPirate]

If you believe the government-calculated inflation numbers being lower means the price of things is coming down, I have a bridge in Brooklyn to sell you, some prime swampland in southern Florida you can buy, and some oceanfront property in Kansas that you’ll love.

 

[HauntedPirate]

And this is all WAY off-topic and political.

 

[JoeCamel]

The two quarters of GDP contraction a year ago (one of which was rather small) did not portend a recession. The two quarters after that had GDP gains.

Inflation rate is coming down.

Number of jobs added continues to chug along nicely quarter by quarter.

And unemployment is at a historic low.

There is no recession on the horizon, as people have been saying since the start of the pandemic.

Only one thing now can threaten an actual recession: The U.S. defaulting on its debt payments. And that's in the hands of the House.

Encouraging that 300K+ of that number were service sector jobs. It bodes well for travel and leisure as people are still spending, we might skate out of this as there has been no real wage inflation. It inflicts pain on those whose wages have not kept pace but the overall feeling is that the train is slowing down and might stop before it runs off the rails.
What happens in the rest of the world is less clear and this is clear as mud

 

[Lilofan]

Encouraging that 300K+ of that number were service sector jobs. It bodes well for travel and leisure as people are still spending, we might skate out of this as there has been no real wage inflation. It inflicts pain on those whose wages have not kept pace but the overall feeling is that the train is slowing down and might stop before it runs off the rails.
What happens in the rest of the world is less clear and this is clear as mud

I was flying into Orlando MCO 2 weekends ago. The airport terminal was so packed with fellow tourists I thought it was Thanksgiving weekend traffic. There seems to be plenty of people that have money to spend.