It would appear they're back in style now as well....
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People Seem Jaded About Disney World in General
- Thread starter pridejam02
- Start date
It would appear they're back in style now as well....
Your post confuses a couple of accounting and investment concepts. Capital investment, as in, purchases of equipment, buildings and other infrastructure (including attractions, bathrooms, restaurants, etc.) results in the recording of an asset. That asset is depreciated/amortized to expense over its useful life. So that kind of capital investment absolutely affects net income.
There is also a concept of return on capital. That is, people have invested money in Disney, and those people expect a return (indeed, that's why they invested). They expect to get more than just what they invested back. If these people invested in Disney by making a loan, the return is in the form of interest, which shows up as an expense in Disney's income statement. If they invested in Disney by purchasing stock, their return is in the form of dividends and capital appreciation. Those things don't show up in the income statement.
The two concepts do come together, but they aren't the same thing. When Disney makes capital investments, the Company, which owes a fiduciary duty to its stockholders, is implicitly saying that that it believes spending that money on rides and attractions, as opposed to anything else, will generate a larger return (in the form of cash flows/net income) than any other thing it could do with the money, so that it can provide a larger return on capital to its investors in the form of higher dividends or increased stock price.
You are correct. I kind of got off on a different track there. I'll blame it on old age.How do you define Net Income as opposed to Net Profit though. There is a difference in my mind. Net Income has no guarantee of Net Profit. If you are using the two interchangeably then I will give to that. However, if net income is 1 billion and net expenses are 2 billion it doesn't reflect the health of a company.
I will end my part of this particular discussion because I am not an accountant and did everything I could throughout my life to not be one. Noble field, just not of interest to me. My understanding of its workings are sketchy at best.
Net income is defined as revenue and other income minus all expenses. I believe you are using the term "net income" the way an accountant would use the term "net revenue".
blackthidot
Well-Known Member
- In the Parks
- Yes
What is crazy about everything mentioned here is that ALL of these issues they have would FILL up a normal theme park. Like Kennywood here in Pittsburgh. All of Disney Worlds issues would be too much to fit inside of Kennywood, yet Disney World STILL offers an amazing...AMAZING experience. I am not sitting here saying everything is dandy. I am also not saying everything sucks. But even with that LONG laundry list above it is still pretty spectacular. Even some of the rides you mention are broken, need updates or needs whatever those rides and or attractions are STILL pretty impressive. That does not mean they don't need some love and a lot of fixing...it's just baffling to me that I can go to Disney and point out numerous things that are wrong, broken, dated, dirty or whatever...and still have such a kick a$$ time.
Gabe1
Ivory Tower Squabble EST 2011. WINDMILL SURVIVOR
Comparing Apples to Elephants. Kennywood has an annual pass rate between $79-$85 annually, Senior AP $50
It would be like me trying to compare the totally and newly revamped Santa's Village in Illinois to what hasn't been repaired in all of WDW.
GoofGoof
Premium Member
I think his/her point was that there is enough broken at WDW to fill a whole amusement park the size of Kennywood not comparing Kennywood to WDW.
Disneydreamer23
Well-Known Member
Some people look at the glass half empty just make sure you always look at it as half full
Jimmy Thick
Well-Known Member
People posting here can be jaded. People posting here can be doom and gloomers. People posting here can be pixie dust snorters.
But here is a dose of reality.
The emo angst is only on these boards, if you go to the parks you NEVER see people complaining about declining by degrees or any of that other nonsense. The people who who are jaded are a very, very small minority, so much so if they all took their ball and went to another park instead, which they should, Disney would not miss those dollars at all.
Don't let a few bad apples spoil a fantastic vacation.
Jimmy Thick- A Osmonds reference?
But here is a dose of reality.
The emo angst is only on these boards, if you go to the parks you NEVER see people complaining about declining by degrees or any of that other nonsense. The people who who are jaded are a very, very small minority, so much so if they all took their ball and went to another park instead, which they should, Disney would not miss those dollars at all.
Don't let a few bad apples spoil a fantastic vacation.
Jimmy Thick- A Osmonds reference?
real mad hatter
Well-Known Member
Cannot believe this thread is still going. OK.nothing is perfect .Let me enjoy the magic that Disney gives .
Jimmy Thick
Well-Known Member
Cannot believe this thread is still going. OK.nothing is perfect .Let me enjoy the magic that Disney gives .
Amen to that.
Jimmy Thick- Its that simple.
You going to Disneyland?Cannot believe this thread is still going. OK.nothing is perfect .Let me enjoy the magic that Disney gives .
ParentsOf4
Well-Known Member
Yes but I see these people complaining all the time. The lines are too long, the food costs too much, the CMs are mean, WDW is exhausting, etc. The list goes on-and-on. At least the people on these boards, including those of us who would prefer to think of ourselves as doom-and-gloomers rather than pixie dust sniffers, actually enjoy ourselves at the parks, just as much as the pixie dust sniffers. The difference is we return from our trips and let everyone know what's happening (all too often for the worse) at WDW.
It seems to me the people who don't enjoy WDW as much are neither doom-and-gloomers nor pixie dust sniffers. They get fed up with it once and simply don't bother to return until it's been long enough for them to forget what a miserable time they had the last time. They don't bother to post here because, to them, WDW was a big waste of time and money. Why expend more effort to post about it?
I've discussed WDW with too many people who have been there once.
- "Did you have a great time?"
- "Yes."
- "So you are planning on going back?"
- "No."
- "Why not?"
- "Too expensive, long lines, have other places we'd rather visit, etc., etc., etc."
blackthidot
Well-Known Member
- In the Parks
- Yes
"Goof Goof" nailed it. I was just stating how many things are wrong that it could fill a normal sized park.
blackthidot
Well-Known Member
- In the Parks
- Yes
Again I am not comparing. I'm just saying that there is a whole "normal" sized theme park of "problems" at Disney World and that you can still go and none of that stuff ruin your trip.
Gabe1
Ivory Tower Squabble EST 2011. WINDMILL SURVIVOR
I agree. It is just difficult to compare an amusement park in anyway to a theme park and use that analogy to grant forgiveness for the rides that don't work correctly because they would only fill any given amusement park.
How do you look at broken EE attraction to the bumper car attraction.
If we are going to compare it should at least be in the same realm. Or compare Test Tracks history of operation to Abu Dhabi's Fiorano GT Challenge reliability.
real mad hatter
Well-Known Member
Naw! Been there once,wasn't struck by the magic until I landed at WDW.You going to Disneyland?
Wow. I guess I understand your posts then. Assuming you went post 2005.
Goofyernmost
Well-Known Member
I think one has to remember that all of Orlando is a preparation for WDW. The airport alone simply reeks of Disneyworld. There is an excitement buildup from the moment one gets off the plane. Anaheim doesn't offer that at all. And in spite of it's history it seems more like a local amusement park then the "world of it's own" feeling you get at WDW. Walt was right about that!
Don't get me wrong, I liked Disneyland. Grew up watching the opening and the Mouseketeers running around it. But after having spent the majority of my visits on the East Coast, the only thing about it that made DL feel different at all was the mental connection of walking on the same spots that Walt did. Of course, Walt walked the area that WDW sits as well, just not after it was built.
Don't get me wrong, I liked Disneyland. Grew up watching the opening and the Mouseketeers running around it. But after having spent the majority of my visits on the East Coast, the only thing about it that made DL feel different at all was the mental connection of walking on the same spots that Walt did. Of course, Walt walked the area that WDW sits as well, just not after it was built.
ParentsOf4
Well-Known Member
Wow, I had never thought about it that way before but I think you're right. DL itself is wonderful but the entire build-up outside of the park feels like any amusement park, nothing special. When I walk into DL I feel like I'm at the best amusement park in the world. When I arrive at WDW I feel like I'm at this enormous vacation destination, more like visiting an exotic tropical island than visiting an amusement park.
DL is a place, WDW is a destination.
real mad hatter
Well-Known Member
Eh! Sorry you lost me? Was definitely there 2001 in California,will never forget the trip for all the wrong reasons.