ford91exploder
Resident Curmudgeon
Out of 31 analysts, 17 have an outperform/buy rating on the stock, 12 holds, and 2 sells.
BTIG is a nothing firm and Richard Greenfield is a long time Disney bear and overall loser. He's bullish on Twitter, a company with the most incompetent management around.
Disney is not going to "lose $2b/yr" unless they are replacing it on the other side. $2b/yr is over 20% of their profit. Not going to happen and your bearishness has just gone overboard with your 2019 prediction.
Disney is facing the cord cutting issue head on and has some of the strongest content if not the best in the industry. They will get through this and will open up other revenue streams in the process. This was inevitable and instead of being victims, they are making bold decisions. Disney isn't going "Revenue Negative" on media networks anytime soon. Their bad quarter just showed only a 1% y/y decline in revenues for media networks.
I mean, short the stock if you're so sure it's doom and gloom. There are worse companies out there to be this bearish about...wow.
I'm a permabear, went into gold when NK started the nuclear sabre rattling, because i knew the street would panic like a bunch of lemmings. Nice profit in gold....
Shorting stocks unless you are playing with other peoples money is a good way to lose your shirt.
As to BTIG, They are very good at predicting failures.