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Disney stock...
- Thread starter Darth Figment
- Start date
Disney Irish
Premium Member
Completely agree, its like 99% everything else and maybe 1% about Chapek and his flubs.
It was $92 five days ago, and in the after hours market it's $102!
Chapek's doing a terrific job!!!1!!
Whatever the bump the Dow rose 754 points today.
TP2000
Well-Known Member
DIS now selling for $97.40 as of Thursday. That's a 42% decline over the past year. Ouch. 
www.marketwatch.com
DIS Stock Price | Walt Disney Co. Stock Quote (U.S.: NYSE) | MarketWatch
DIS | Complete Walt Disney Co. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
www.marketwatch.com
Disney Irish
Premium Member
DIS now selling for $97.40 as of Thursday. That's a 42% decline over the past year. Ouch.
DIS Stock Price | Walt Disney Co. Stock Quote (U.S.: NYSE) | MarketWatch
DIS | Complete Walt Disney Co. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
And Amazon is down 30% over the past year.
And Sony is down 41% over the past year.
And Lionsgate is down 47% over the past year.
And Comcast is down 48% over the past year.
And Paramount is down 49% over the past year.
And WB-Discovery is down 55% over the past year.
And Netflix is down 61% over the past year.
The whole market is down at least 20% YTD, so its not surprising that Disney and all of its competitors are also down over the last year.
TP2000
Well-Known Member
Yes, the US economy entered a Recession a few months ago and it appears to be gaining strength heading into 2023, when "experts" are saying it could be a very severe Recession.
I said this before, but I have never timed stock sales, including DIS shares I had, better in my life than I did in the spring of '21. If I'd been playing the market like that my whole life, I'd be as rich as Elon Musk.
Speaking of that, Tesla stock is up 3.5% over the past year. In a down market, in a growing Recession.
John park hopper
Well-Known Member
A severe Recession means people have less money to spend at WDW let alone vacation there.
Disney Irish
Premium Member
We had this discussion before, its a very complex thing when calling an economy "in a recession", GDP is NOT the only factor. Its an easy quick indicator for the lay person, but its NOT the only factor. Which is why there is an official group that determines whether the US economy has met the actual criteria to be called in a recession.Yes, the US economy entered a Recession a few months ago and it appears to be gaining strength heading into 2023, when "experts" are saying it could be a very severe Recession.
I said this before, but I have never timed stock sales, including DIS shares I had, better in my life than I did in the spring of '21. If I'd been playing the market like that my whole life, I'd be as rich as Elon Musk.
Speaking of that, Tesla stock is up 3.5% over the past year. In a down market, in a growing Recession.
I do agree that indicators are pointing to a recession happening, but so far its been held off by a good job market and good consumer spending which hopefully means it won't appear until Q2 2023.
networkpro
Well-Known Member
- In the Parks
- Yes
It might be worse than everyone thinks, it has the potential. Just a few days ago Disney vs Kuba settled just before going to trial. The allegations from the whistle blower to the SEC was that Disney had been overstating revenue by ~3 Billion a year.
OG Runner
Well-Known Member
And yet there are still long lines at my favorite rides. What else do I need to do to
get the crowds down?
Disstevefan1
Well-Known Member
For folks with money, recession and inflation does not exist.
TP2000
Well-Known Member
It's going to go lower. I wouldn't buy a thing for the rest of the year. But that's just me.
networkpro
Well-Known Member
- In the Parks
- Yes
And yet there are still long lines at my favorite rides. What else do I need to do to
get the crowds down?
Cough heavily with a runny nose and bleed from your visible orifices. Maybe it will be interpreted as a Covid/Ebola hybrid.
Disstevefan1
Well-Known Member
You haven't heard? Thats exactly what they are calling the latest variant.
mharrington
Well-Known Member
So I just heard from the WDW site that shall go unnamed that Disney stock is tanking, and now even business analysts are demanding that Bob Chapek be removed. That cannot be good for the company.
Slpy3270
Well-Known Member
Jim Cramer is a pundit, not a business analyst.
Cramer came from the Wall Street world running a hedge fund for 15 years then later became a TV host luring in retail investor sucker money to advance his riches.
*THE* WDW site?
Follow the quoted sources back to the people who are saying this and show:
1. They are not a discredited hack like Cramer.
2. They are not angry Disney fans fuming over something else. ("Fans" are not necessarily business experts.)
Without quoting the source so that we can check their credentials, this is just fanwishing.