-
Welcome to the WDWMAGIC.COM Forums!
Please take a look around, and feel free to sign up and join the community.
Disney Stock Approaching 9 Year Low
- Thread starter Chef Mickey
- Start date
Disstevefan1
Well-Known Member
Do folks think it will just hover around $80 going forward or go lower?
Tha Realest
Well-Known Member
It’s about to drop below $80 again. I suspect it’ll go lower as Parks continue to plateau in terms of attendance and D+ continues to lose subscribers
Disstevefan1
Well-Known Member
Yup we have seen drop below $80 then come back. I was just wondering if its found its true value and will just hover around there. I guess time will tell.
John park hopper
Well-Known Member
Well Disney stock broke the 80 dollar mark 79.60 as of right now Bob time for another price increase across the board
GimpYancIent
Well-Known Member
Incompetent is a fair assessment. However, there is difference, Iger is diplomatic in presentation and plays business chess (actually has a thought process) whereas Chapek was not diplomatic, was a knuckle dragger barely capable of playing checkers (in short, not much of a thought process).
GimpYancIent
Well-Known Member
At what point will the realization the current pricing model is actually detrimental to good financial health happen and management replacement occurs in conjunction with a reworked pricing model?
Disney Irish
Premium Member
BoD to implement stock buy back......
He can't, he doesn't have the money.
Disney Irish
Premium Member
I'm referring to the Board of Directors, who can institute a stock buy back to sure up the stock price. The company has plenty of money to do that. So not sure what you mean "he doesn't have the money".He can't, he doesn't have the money.
(It was a joke, thus the winking emoji)
IMHO, re-instituting a stock buyback would be poorly received right now in the absence of a dividend. And does nothing to fix the underlying problems dragging the stock down.
Disney Irish
Premium Member
A stock buyback would signal that leadership has faith in the company and the direction its going, with or without a dividend.
There are also other external market forces that are currently dragging down the stock.
As much as I'm very upset about this, but I don't want to say it's the end of Disney. I've had enough of saying that. If Bob Iger is doing a terrible job, there's a chance that the board will have to fire him and maybe replace him with either Tom Staggs or Kevin Mayer, or maybe both like Eisner and Wells. But, in the mentime, we'll see if Iger turn things around later this year. Especially Wish and Once Upon A Studio.
Last edited:
Sirwalterraleigh
Premium Member
It has not “ comeback”…
There has been a consistent, slow downward trajectory since the government freebie cash ebbed.
They ARE underperforming the market and their comparables. That’s the ugly little secret here.
It will drop $7…gain $5…then Drop $6 over a few months. Consistent decline.
There’s a bottom…but the nut in charge may really burn it to the ground before we get to the bottom.
That’s what I’ve been saying for 15 years.
But port orleans was so great in 2015, huh?
And that’s all we need, right?
Sirwalterraleigh
Premium Member
Not with their debt loadHe can't, he doesn't have the money.
No…he’s right…they don’t have the money as it stands.
Though it would be so typical of Wall Street to “increase your value” by doubling your debt load
ABQ
Well-Known Member
For the visual of this, from the hard to believe it had been there high of 203.02 in March 2021, it's had a sell off with every quarterly earnings call. (the little blue lightbulbs along the bottom of the chart indicate and earnings report) exception being the flatline after Aug 21's earnings
If the TWDC has" plenty of money " why can't they support paying their debt? As of 6/23 the debt was $47 billion dollars.
Disney Irish
Premium Member
That is long term debt, which has been slowing going down over time, ~3% decline year over year. So they have no issue paying down their debt.
That has nothing to do with their cash on hand which would be used for a stock buyback, as of the same June2023 quarter they had $11.5B.
Disney Irish
Premium Member
They have $11.5B cash on hand as of the most recent quarter, they could institute a $2B-$3B buyback and still have plenty of cash to run operations.Not with their debt load
No…he’s right…they don’t have the money as it stands.
Though it would be so typical of Wall Street to “increase your value” by doubling your debt load
So yes they have the money on hand if they wanted to do it.
Sirwalterraleigh
Premium Member
And they owe how many tens of billions?
And what would you like to signal to “the market”?
Sure…they’ll buy in on the bump…but dump it. Because they no longer trust the product and their place in the market.
TWDC would be a pump and dump. Might as well sell it and break it up then. That’s the bridge to the other side
You missed the lead.