Touchless said:
What's your take on DIS? I know you had mentioned the $96.5P the other day. Their entire ER was negative except for their subscriptions. Don't understand how it's still going up today, especially by almost 3%.
I just sold my DIS stock. I was lucky enough to get in at $84 and decided today's price was good enough for me to take those profits off the table.
I personally don't see DIS recovering anytime soon (12-24 months), and there'll be better performing stocks going forward. They currently can't make many movies or TV shows, they can't do the broadway shows, and they can't do the park thing. And, I mean, ESPN+Fox Sports is going to as big of a money bloodsucker as the theme parks.
Also Disney's profit margins have been growing from their parks for years, so it isn't anything to ignore. I would suspect Disney could long term perform well, but if the pandemic continues to crush movie tickets, sports and parks, then they really only have Disney+, some of their TV, and Pixar. All of these are great branches of the company, but they would have to make monumental changes from a business perspective to make up for staggering losses from the other branches.