Kamikaze
Well-Known Member
I meant no one cares as in there's not a single person that's going to stop giving Disney money in its other endeavors because Disney is involved in sports betting.
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News Disney CEO Bob Iger says raising park prices and increasing capacity is not smart and criticizes previous policies
- Thread starter wdwmagic
- Start date
Disstevefan1
Well-Known Member
Thats true, whether you stay in a Deluxe resort or a value resort, you are just a number.
There is an ironic fairness to that.
Sirwalterraleigh
Premium Member
GimpYancIent
Well-Known Member
You consider Genie+ a perk?
Disstevefan1
Well-Known Member
Ha, good one!
I hate it too.Sadly, Genie + seems to be a necessity now if you want to actually get on attractions?
Sirwalterraleigh
Premium Member
Sycophants would consider cleaning your own toilets a”perk”
CastAStone
5th gate? Just build a new resort Bob.
Indeed, that guy sounds super smart.
ThatMouse
Well-Known Member
The biggest price increases came under Iger and Staggs over 2012-2015. The increases came in the form of room discounts going away - no more Orbitz deals - all the big travel sites no loner gave discounts and Disney was being stingy. You used to be able to get $180/night Moderates or $280/night Deluxes. Today that's actually a good deal for Pop probably. This of course made DVC irrelevant for the longest time. Resort parking fees just tipped the scale for us. I cannot believe they reversed that given how parking fee happy Universal is too.
Disstevefan1
Well-Known Member
GimpYancIent
Well-Known Member
If B.I. has the pricing returned to the 2014 /2015-time frame scale, I would take him seriously right now it's minimal tidbits and just words.
I remember when the Value resorts could be had for $74/night. Deluxe resorts where in the high $200's to mid $300's. I made about 20% of the money I make now. We usually sprung for the deluxe resorts back then because we saw the value in them. For the price today, there is no value. No way in hades will I pay for a deluxe resort today even though I have more disposable income than I every could have imagined. There is just no value for the price. Moderate resorts are quickly going that route.
wdwfamilynh
Well-Known Member
Guess the shareholders didn’t like the thought that Iger might mean less in their over-stuffed wallets. Just read Iger’s departure is imminent and the search is already underway for his successor 
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DopeyRunner
Active Member
I haven't seen anything posted officially by WDC (no fillings, news statements, etc) come out yet, so that may be speculation (or an embellished way of saying he won't pursue a contract extension). I can see that being interpreted a couple of ways, but if it is true that his departure is happening much sooner than expiration that can mean one of two things:Guess the shareholders didn’t like the thought that auger might mean less in their over-stuffed wallets. Just read auger’s departure is imminent and the search is already underway for his successor
1) Bob finally realizes that many people see him as a con artist, whose greatest 'achievements' came about by buying other peoples IP and draining every ounce of life from them. While the stock price did increase for much of his tenure, so did the majority of the market, so the shareholders are happy argument holds little weight in our books. He also lost face with people when he 'resigned' at the start of the pandemic, knowing full well that things were going to get hit hard, and instead of leading WDC through the pandemic, he left "on top" to make it look like much of the issues were do to Chapek's leadership. I'm sure @Sirwalterraleigh would agree, but his departure was mostly due to his cowardice (or arrogance), and was a weak attempt to save face so he could try and 'explore a run for president' without being associated with the economic hit. This action may be a similar action to address point #2 below.
2) The economic indicators are pointing to a market that can not sustain guest volumes in the parks, given the extreme pricing increases displayed over the last 10 or so years. While many people had more discretionary spending dollars in the last few years due to delayed or cancelled travel, much of that is likely spent now. To be frank, given the potential (or current) recession, Disney has priced themselves out of reality for the large majority of the population. Without an actual decrease in price (whether masked by 'sales' or not), there is a potential cliff of attendance which will result in reduced revenues/profits in the parks area(s). This might be masked somewhat by the recent company reorganization, but that is just a financial engineering trick to soften the blow...
The decrease in overall experience/value in the parks (probably well documented based on the forums here, but Disney has this data as well) is beginning to sting much harder. I've seen (and met) a fairly large number of very passionate fans (myself included) who have become burned out by the price-gouging actions. Not only have the prices increased, but the perceived value has also greatly decreased. The parks/hotel value has decreased due to a variety of reasons, some of which are:
- Parks are not as clean as they once were (paint issues, gum everywhere, etc.)
- Parks don't operate as smoothly as they had before (ride breakdowns increasing in frequency),
- The food variety has greatly decreased while price of the food has increased (qualify of food is in question as well)
- Parks have "Specially Ticketed Events" which often result in reduced normal operation hours, and participation in these events costs more than a day in the same park
Tha Realest
Well-Known Member
Well he and the board promised it was a two year stint, that he was a caretaker for a new successor, and that was a reassurance made again during the Peltz proxy battle.Guess the shareholders didn’t like the thought that auger might mean less in their over-stuffed wallets. Just read auger’s departure is imminent and the search is already underway for his successor
The worst news for Disney this week, through, is Jim Cramer has the stock as a buy.
DopeyRunner
Active Member
Inverse Cramer
While Inverse Cramer is unnerving, most analysts have had DIS as a 'buy' for the past year...
CastAStone
5th gate? Just build a new resort Bob.
Jim Cramer has had it as a buy for 20 years. Literally in his first book he says invest in Disney and leave it there forever.
DopeyRunner
Active Member
Cramer also said SVB was a buy a little over a month ago...
Disney was a guy 20 years ago for sure, back when they weren’t burdened by poor acquisitions (e.g. Fox), we’re paying a strong dividend, weren’t burning cash with D+, and had strong potential upside without saturating their core markets with content.
The only way Disney stock doesn’t see a correction is with a buyback to reduce outstanding shares or if the parks show immunity during this recession. I say this as a shareholder: I’d rather the price drop to more realistic levels and have consistent dividend growth, since true gains or losses are only realized during a transaction.
drnilescrane
Well-Known Member
Aside from throwing $5b down the toilet with Fox Family.
20 years ago (2003) was probably the closest the company has been to it's current position.