What's Still On and What's Now Off

monothingie

I put the hunk in hunkering down.
Premium Member

Just a note this is the same analyst who previously bet against Apple and Netflix, so take it with a grain of salt.
 
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The real rescueranger

Well-Known Member
Update:

August is now the company's internal target for reopening the domestic parks. Planning is underway for a televised, Disney + fireworks show for Independence Day, but would be without any significant physical audience, would involve closed roads, and would need permission from Florida. Epcot is still not planned to reopen with the rest of the parks and would lag by perhaps a month or so. Mandatory temperature checks would occur at each gate and resort entrance. Unlikely at this time that all resorts may open simultaneously - a plan internally titled Secure Circuit would see only MK resorts open with monorail service to MK and bus service to AK / DHS. This is the highest level health screening plan to attempt reopening with Florida and US government assistance. It would be temporary but could get things opened once more. No plans to reopen the water parks this summer. Temporarily expect to see directional arrows on the ground to direct foot traffic so that social distancing is easier. Dining modifications are still underway in the planning stage with tiered systems for gradually returning to normal when possible. Expect domestic parks to operate as regional entities rather than international destinations for the next year or so.
Yeah, I am calling BS. All the codewords and exact dates aren’t worth the bandwidth you posted them with. At least now, I know another poster I can ignore.
 

TJ Vazquez

Premium Member
In the Parks
No

Just a note this is the same analyst who previously bet against Apple and Netflix, so take it with a grain of sand.
Yes, analysts are given too much clout IMO. I believe another wells fargo analyst, back in 2009, said that Home Depot wouldn't be able to make it out of the recession uncathed. It's stock plummeted to $18 a share, it was at $243 a share prior to Covid.
 

The Real Buzz Lightyear

Well-Known Member
In the Parks
No

flynnibus

Premium Member

Just a note this is the same analyst who previously bet against Apple and Netflix, so take it with a grain of salt.
Ok, imagine it's 2016.... and Disney reports a 50% drop and revenue.. and announces a forecast that shows it will take at least 2 quarters to recover. What do you think the analysts would say about the company?
 

GhostHost1000

Well-Known Member
It wasn't debunked. Stupid stories people made up by misapplying information were debunked.

The real story was (for people who actually follow the sources and details) was the county working on contingency plans on what to do with the backlog of how the deceased could be processed due to the choke points in the system. Temporary interinment was part of the model.. and different locations were being evaluated... including city parks.

But sensationalism reports that as "NYC is burying the dead in city parks!" -- and then the all the morons go around and repeat it and attack each other over it. When the entire genesis was improper reporting to start with.

#DetailsMatter
you're correct and I wasn't saying all of that was false... I'm just saying there has been a lot of reporting (and I use that term very loosely) that is way overblown and sometimes not even factual. Why I don't know... other than fear sells, gets clicks, ad revenue, and higher ratings I guess
 

monothingie

I put the hunk in hunkering down.
Premium Member
Ok, imagine it's 2016.... and Disney reports a 50% drop and revenue.. and announces a forecast that shows it will take at least 2 quarters to recover. What do you think the analysts would say about the company?
But it wouldn't have anything to do at all with the firm he works wanting to artificially drive the price of the stock down further as to possibly position it into a position in which it is advantageous for his firm to buy or sell large quantities of Disney shares.

Because that type of manipulation never ever happens.
 

flynnibus

Premium Member
But it wouldn't have anything to do at all with the firm he works wanting to artificially drive the price of the stock down further as to possibly position it into a position in which it is advantageous for his firm to buy or sell large quantities of Disney shares.

Because that type of manipulation never ever happens.
You didn't answer the question. Ignore some analyst you think is corrupt. What would analysts do if Disney reported numbers like that?
 

monothingie

I put the hunk in hunkering down.
Premium Member
You didn't answer the question. Ignore some analyst you think is corrupt. What would analysts do if Disney reported numbers like that?
If Disney were a train wreck of a company with dismal finances and massive institutional problems, then your hypothetical analogy works. But it isn't. Bob I did a very good job hardening Disney during his tenure. The financial world will be burning for the next couple of quarters. I'd be more interested in which companies have a solid foundation for future growth and profitability. While Disney has a large debt load, they do have the ability to grow regardless of economic and societal headwinds caused by this virus. Long term they are a bargain right now. Analysts driving the price down see this as an opportunity to take advantage of this and make it even more of a bargain.
 

flynnibus

Premium Member
If Disney were a train wreck of a company with dismal finances and massive institutional problems, then your analogy works. But it isn't.
You still didn't answer the question.

I don't care if you think if the company's fundamentals are sound. What would you expect analysts and the market react to a company that drops revenue by 50% and forecasts down revenues for the future?

You can keep dodging the question.. but you know the answer. The market would crush them. The market crushes companies because of their forecasts because the market is not based on the strength of a company, it's based on the future potential of the value of the share.

The company is facing earnings calls that they will have to face the reality of the two of their major pillars are effectively ZERO revenue now. There is no way to hide from that reality. And no amount of 'boom, things are back to normal' replace that opportunity window.

I don't think you understand what the analyst was even saying with his rating.
 

MisterPenguin

Rumormonger
Premium Member

Just a note this is the same analyst who previously bet against Apple and Netflix, so take it with a grain of salt.
That Wells Fargo analyst better worry about the big drop in Wells Fargo stock before Apple buys it.
 

monothingie

I put the hunk in hunkering down.
Premium Member
I don't care if you think if the company's fundamentals are sound. What would you expect analysts and the market react to a company that drops revenue by 50% and forecasts down revenues for the future?
Your hypothetical situation is worthless. The same thing happens to companies that are doing phenomenal business. Remember how Apple would be savaged by analysts because their record guidance wasn't sufficient? No matter what a company does there are going to be analysts that react negatively to it. It's mainly the reason why there is so much volatility in the markets and there is the unrealistic and unsustainable damage caused by the the constant need to top quarterly earning reports.
 
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