What's Still On and What's Now Off

[flynnibus]

Disney Stock Downgraded Over Dim Theme Parks Forecast

Wells Fargo analyst Steven Cahall on Tuesday downgraded Walt Disney's stock in a report that forecast the studio's theme park division will take two years to return to normal attendance in the coronavirus pandemic era.

www.hollywoodreporter.com

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]

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]

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]

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?

 

[Nunu]

"What's Now Off" is our May 2, BOG reservation. Cancelled by Disney this morning.
Hotel and FP's are still there... for now.

 

[monothingie]

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.

 

[Horizons '83]

"What's Now Off" is our May 2, BOG reservation. Cancelled by Disney this morning.
Hotel and FP's are still there... for now.

They will be cancelled, no doubt. My trip in September isn't looking so hot either.

 

[flynnibus]

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]

Disney Stock Downgraded Over Dim Theme Parks Forecast

Wells Fargo analyst Steven Cahall on Tuesday downgraded Walt Disney's stock in a report that forecast the studio's theme park division will take two years to return to normal attendance in the coronavirus pandemic era.

www.hollywoodreporter.com

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 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.

 

[Surferboy567]

Not saying this is reliable...but has this been discussed? Permits for installation of the prism in the fountain.

Mickey Views just posted it (they look too real) to be fake.

 

[flynnibus]

Your hypothetical situation is worthless. The same thing happens to companies that are doing phenomenal business.

Again with the deflection... it doesn't matter what can 'also happen' -- The question is simple. What do you think the analysts would say? You really can't stand facing a single point can you?

 

[Nunu]

They will be cancelled, no doubt. My trip in September isn't looking so hot either.

Oh, I know.
Actually, I just checked MDE, our FP's for May 2 also gone. Resort reservation still on. From May 3 on, everything's still there.

We know this trip won't happen, but want Disney to cancel, just to see if we're offered some kind of incentive/discount.

 

[Lilofan]

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.

It's a scary thought to think Disney revenues to drop by 50%. Not much for Wall Street analysts on the conference to recommend a BUY in the Disney stock. If New CEO Chapek on the conference call uses words like " restructuring, consolidation and synergy" code words - layoffs.

 

[TheDisneyDaysOfOurLives]

Oh, I know.
Actually, I just checked MDE, our FP's for May 2 also gone. Resort reservation still on. From May 3 on, everything's still there.

We know this trip won't happen, but want Disney to cancel, just to see if we're offered some kind of incentive/discount.

It looks like they're doing it on a week-by-week basis. So everything for 5/3 - 5/9 would be cancelled towards the end of the week/beginning of next week.

 

[MisterPenguin]

Five things about coronavirus we didnât know in March

How advice and medical guidance on coronavirus has changed over just a month.

www.tampabay.com

Well, the people at the Tampa Bay Times have just telegraphed how stupid they are because numbers 1-3 were well known before March. They should perhaps check in on international news once in a while.

 

[larryz]

If true that is nuts.

Maybe he has $75 as his target price, too...

 

[larryz]

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.

Quoth the Cramer, "nevermore!"

 

[The Grand Inquisitor]

Not saying this is reliable...but has this been discussed? Permits for installation of the prism in the fountain.

Mickey Views just posted it (they look too real) to be fake.

Here's his tweet

 

[easyrowrdw]

fair point

TBT's print edition is now only 2 days a week..
a lot of seniors like my dad have not been aware as most people are

Yeah, it's a well-respected paper and has won multiple Pulitzer Prizes in recent years. I'm not even from Florida, but I'm familiar with some of their work. I remember when they were the St. Pete Times!