In fact, it may still be a hold at $100 due to the short road it took to get to $100...I was ready to buy at $114 but stopped and evaluated. No real impact yet on domestic parks, which are the true money makers of DIS. Disney+ loses money until 2024 (self-estimate). With an unproven CEO who is not known for his creative ability and risk taking (what has saved Disney countless times over the years) I don't know how low the stock price could slide yet.
Who do you think started the huge selloff? Some guys on the trading floor overheard Iger on the phone saying, "Sell it all! Bob OUT!"
Hold beyond recession.....
so likely good idea not to invest all at once, looking decent now, but hold onto your $$$ for anticipated decline if and when it comes, and if you invest some now you could average well. Just saw its sliding back to 105 this morning thus far.....do you buy market or use limit option for your pricing? 102!
Wow...lots of buying when it dropped below $92. Almost back up to $100. Then right back down the roller coaster to $93...It's not going to be good for a little bit. I'm glad I didn't buy when I first wanted to. $115 is a long way back up when the cliffs are still in front of us.
Yeah tomorrow is another day.....
I get this is your opinion and that maybe you want them to dump some divisions but I honestly can't see why they would do that. The company has weathered other major economic downturns over the decades without a major asset sale. And they were much smaller with less revenue, so any lost revenue would have had a major impact. Its one of the many reasons why the company was almost bought out multiple times in the past. But now with them being larger it allows them to weather this economic storm a lot better. Only short term investors or people that don't like certain divisions such as 20th Century would want them to dump assets. If you're investing long term you wouldn't want them to dump assets, that would lower the company value and make the stock less valuable over the long term.
It is actually the time to buy. Other companies are a bargin.I get this is your opinion and that maybe you want them to dump some divisions but I honestly can't see why they would do that. The company has weathered other major economic downturns over the decades without a major asset sale. And they were much smaller with less revenue, so any lost revenue would have had a major impact. Its one of the many reasons why the company was almost bought out multiple times in the past. But now with them being larger it allows them to weather this economic storm a lot better. Only short term investors or people that don't like certain divisions such as 20th Century would want them to dump assets. If you're investing long term you wouldn't want them to dump assets, that would lower the company value and make the stock less valuable over the long term.
So no I don't see them having a major sell off of assets just to recoup lost revenue. I would even say that if the right opportunity showed up they may even use this downturn as an opportunity to buy. Although to be honest they probably could sell a couple thousand acres in Florida, but we know that won't happen because they keep buying land....
Its following the rest of the market, nothing specific to Disney itself.Interesting it closed much higher today AFTER Both parks closed.....vs continuing to slide.....curious....
