Disney stock...

Slpy3270

Well-Known Member
Well the DIS sell off wasn't as bad as the Dow itself today, but I wonder if it will continue into next week.

If so, I imagine Chapek will wonder if the cruise line has to go, especially if this Omnicron variant ends up being the final nail on Carnival and Royal Caribbean's coffins.
 

Slpy3270

Well-Known Member
Looks like it's going to go below $100 then unless Chapek does some stupid on-a-whim decision that will lead to Feige, Docter, Kennedy and Lee leaving next year.
 

Sirwalterraleigh

Premium Member
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Keep sliding, baby
 

Disney Irish

Premium Member
So, uh, is a delisting from the Dow very likely at this point? Because if it doesn't hit $200 this year....
No, why would the price of $200 be the determining factor for delisting? It would literally have to lose 75-90% of its value to be delisted.

In fact Motley Fool, which Nasdaq itself posted, lists Disney as one of 3 stocks that are positioned to take off in the 1st half of 2022.

 

Slpy3270

Well-Known Member

Sirwalterraleigh

Premium Member
There’s is no danger in Disney getting dropped off the Dow 30…which is what we’re talking about.

however…it’s not worth $200 a share…it never was and they aren’t really doing a good job of generating profit.
Also….remember that one political party will attempt to sink the economy over the next 6+ months. That’s a given…it’s part of the cycle.
 

Disney Irish

Premium Member
There’s is no danger in Disney getting dropped off the Dow 30…which is what we’re talking about.
Yep, not gonna happen.

however…it’s not worth $200 a share…it never was and they aren’t really doing a good job of generating profit.
Well that is debatable, worth is determined by individuals. If someone is willing to buy it at that price then it is indeed "worth" that price....

And long term I see them generating way more profit than 2018-2019 as the pandemic recedes.

Also….remember that one political party will attempt to sink the economy over the next 6+ months. That’s a given…it’s part of the cycle.
It never works, not sure why they think it will this time. The mid-terms aren't going to take a right even if they somehow manage to make it happen.
 

MisterPenguin

President of Animal Kingdom
Premium Member
So, uh, is a delisting from the Dow very likely at this point? Because if it doesn't hit $200 this year....
Where did you get the idea that they have to be at $200 to be on the Dow?

The Dow rather subjectively picks stocks from the S&P 500 to represent big business America (as long as they're not a transportation or utility company). They're not going to dump one of the top five entertainment companies.

The S&P 500 has a more objective set of rules and Disney is nowhere near breaking them.

As much as some may wring their hands that DIS is down to $155 from it's high of $200, just three years ago, it was $110. In three years that's 50% yield. It's overpriced due to reactionary trading. (And maybe a bit from previous years' buybacks.)



Also, what's the deal with you constantly predicting doom for Disney contrary to all indicators?
 

MisterPenguin

President of Animal Kingdom
Premium Member
All this over a Guggenheim downgrade. Do people actually think Disney's worse off than in 2020?
Same people who thought Disney was worth twice its value at the beginning of a pandemic. These are people looking to make a big buck within a year or two, and not hold on to a blue-chip stock for decades. Such is the life of speculators.
 

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