SorcererMC
Well-Known Member
I actually disagree. I think we are teetering on the breaking point and I think that their Q4 numbers are going to reveal if they've pushed it over the edge or if there are a few more straws left. I expect there to be a decent drop in attendance for Q4.
Q4 usually shows a drop in attendance, the question is how much of a drop will there be since attendance has been soft all year. Enough to miss the earnings estimates? (Possibly, Brazilian visitation to Orlando is down 25%).
Yep they need to close out FY17 strong to keep the stock price afloat,
They need to close FY17 strong, but Wall St is seeing that the writing is on the wall due to the underlying issues. Iger may lose his crown as CEO King of Wall St before his tenure is up.
I think this cut is just a sign of more to come over the next year. TWDC/ TDO is clearly not limited by respect for 'tradition'/ legacy, they do as they please . (see any other current thread).