Thanks for that riveting contribution to the discussion, in case you haven’t noticed no one has voted anyone out which seems to point that the majority of shareholders agree with the Company’s stance.
It's more nuanced than that. Nearly 65% of DIS is owned by institutional investors, many of whom push these stances upon the companies they invest in. Even if every individual shareholder wanted to vote Bob and Co. out because of their foray into recent political/social issues, they wouldn't be able to with that kind of ratio and voting power.
Haha that would be a wild outcome, that it literally does nothing at all.
And if your honest position is that a law does not apply to you then you don’t change what you are doing. You wouldn’t even have standing to file a lawsuit.
Why would a shareholder care about this one way or the other? It has very little impact on the financials of TWDC. Disney and every other Fortune 500 company has positions on a whole range of political issues, including this one. This is nothing new and has been the case for many, many years. It’s only become a public spectacle now because the “conflict” is being used for political gain by a politician. Fundraising is way up.
I agree with this. To take it a step further the institutional investors who own 65% of DIS would need to liquidate nearly all of their positions if they took the stance that they were going to sell off stock in any company that takes a political position. There would be very little left to invest in, if anything at all. The fact that these investors own DIs and other stocks is not impacted either way by these types of issues.
It would be a good way to pay down consumer debt if vote with their wallets. Paying down debt seems like a foreign phrase to some.
Agreed, Shareholders just care about the share price. However Disney can keep the share price propped up is all the shareholders care about.
Even if this really resulted in a tax break for TWDC it still probably doesn’t move the needle for their stock. Even if Disney saved $100M in taxes as a result that’s a few pennies on EPS. 1 season of Kenobi cost twice that to make. With the size of TWDC it’s just not much of a story financially either way.
With rising interest rates the home equity loan market is quickly drying up and CC interest rates will be short to follow. We may see less borrowing as a result whether people want to or not. That’s a far greater threat to Disney than any financial implication from RCID. A recession combined with less consumer borrowing is bad news for a company where the majority of products and services are non-essential, luxury items.
Well the potential savings on the bonds could be 1 to 2 Billion. At very least we know it won't hurt the stock price. Also I just wanted to complain again about the loss of RCID; it won't change anything, I just like to complain about it
Indeed.
That would be devastating for FL. Travel and tourism is FL’s #1 industry.
That’s for families on the edge and I sincerely feel bad for these families, I feel most badly for the daily car commuter who needs to go back and forth to work everyday, knowing the gas costs are skyrocketing, talk about a pay cut!
I would half agree with this. The key demographic for WDW targets higher income families but that’s not to say they are the exclusive customers. In the past few years there has been a lot of stimulus and other government money floating around plus very low interest rates and very liberal credit extended. So a family who may not have the recurring disposable income to visit WDW annually could have put together the money to visit based on this. all of that is likely to change in the next year or 2. So yes, a large number of WDW customers are less likely to be greatly impacted by a recession to the point of not going, but not all. A recession would hurt the parks in the short term. It’s also possible that with rising gas costs and rising airfare as well people decide to stick closer to home for the short term.
Come on now. It's deeper than that. Stop oversimplifying it to make your point.
EPCOT isn’t even really alluded to in the Charter. The authoritarian motivation should be incredibly upsetting, even if the District wasn’t doing much.
