Except the stock isn’t really, it has under performed the market for the last couple of years. Although the flurry of PR and a couple of analyst upgrades based on the D+ news has recently nudged the stock price up.But remember: the 50% greedy Eisner was awful...while the 99% greedy Iger is “great”...
Why? He buys IP and the stock is in a bubble boom....
Beyond that...meh
But per the Q1 numbers revenues company wide were down YOY by 5 billion & EPS down YOY. Dividends aren’t impressive.
Domestic parks saw a 5% increase in revenue YOY w/ flat attendance. Per capita spending rose 7% YOY. Those were the numbers the CFO gave during the conference call, which made Iger’s later remarks about the “substantial increase in the popularity of our parks” confusing to me - if attendance was flat how does that show increasing popularity?
In any event he also said “so, we’re leveraging the popularity to obviously increase pricing and spread demand...” which I suppose shutting the parks down early to sell upcharge events like villains is an example of.
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