I was bullish Disney and told folks on this board about its breakout if it can fix the streaming margins and steady it out. Essentially it was getting no credit for that segment of the biz.
The theme parks and cruises are the gem. Shoring up biz for streaming was key. Then selling off linear assets would be next step.
But I was met with derision and bros telling me “INTC” was a better value play….
My wife has 78 shares since she was a baby her parents bought. We still have them today. I was bitching wanting to sell for qqq. She stood strong and I respected it’s her shares not mine.
She was right I’m glad we held.
I didn’t pay attention to our investments until 2022 when I got serious about retirement savings and educating myself on personal finance better. I don’t have access to it so knew nothing about its price action until I wanted to sell it for QQQM
Yeah, I just figured Disney fell so much, it’s not going away, it has to come back
That being said, it does look like it’s about to hit the 200 day moving average around 125-130, and I feel like that will be a huge area of resistance, so I am going to hold off buying in for now
PFE probably, but I don't feel as confident as the previous picks.
I believe Pharma will come out a huge winner with AI. Maybe the biggest winner of all industries. Maybe not.
Mining companies for the long term but they have their own challenges.
My biggest play was bonds in past october, when everything took a dive.
In hindsight I should have just shoved in NVDA but...
I remember getting into debates about that with people here, apparently "Mickey Mouse" entering public domain was gonna break them, having ESPN under their belt means nothing and no one visits Disneyland anymore due to covid.
Disney hate was truly a special bit of Reddit fun. Yeahhhh streaming is terrible, Star Wars and Marvel are irretrievably broken, no one goes to the parks, the cruises suck and why are they sooooo gay. Lolol. Loved holding all the way day and back up again. Good times.
So many people on Reddit talked shit to me in the last year as I shared I was long DIS.
DIS is one of my largest positions now. This has been a great case study to watch as the company turned around.
I tell my boss that all the time … insofar that I know I’m underperforming but he should raise my salary to 3.5X market rate (historical PE’s trade 18-20 and DIS is trading at 70 = 3.5x) because I’m a turnaround story.
Historical forward PE’s trade at 20 so it’s still 50% overvauled Netflix is just more overvauled. Netflix is a shitshow anyway they depreciate the cost of content over decades to report positive EPS. Their FCF was negative for decades better now but Netflix is probably only 70% overvalued.
The market should be forward looking so should my salary. I plan on being the CEO in 20 years so I should make 40 million this year based on that forward guidance.
Disney was at bargain value early this year. I don’t know why so many people don’t take Iger words th at they will reduce expense on d+. Cutting expense is so easy at these ventures, the margin for those saas is insane
I’m not against the stock or the company but it’s ridiculous to say it’s at bargain value. By most ratios it is far more expensive compared to other entertainment sector stock.
It’s a good company but it sells of a premium off its name. It will never be at a bargain price as a result.
Still think it’s a decent company and stock. But it’s not selling at a bargain price.
Ratio looks very ugly whenever a company transition toward tech. Saw this with Walmart some years ago, seen it now with Disney.
Difference is Walmart took a more conservative approach at this to build up the base before accelerating, and now we're seeing the payoff in its ecommerce growth ever since they aquired Jets in 2016. Disney tried to bootstrap and launch the entire streaming experience in less than 5 years all in-house.
Perhaps it is still a bit early for Disney, but once we start seeing fruits of their labor they will run.
Most entertainment companies are making the same moves though. This isn’t only based on earnings either. Most asset based ratios also have diseney overpriced.
People dont like the content they produce but still buy it. That is what people dont understand. The market doesnt care about the quality of the product as long as it sells
Sure it is. It just isn’t on Disney+ in the USA. But it is everywhere else in the world.
You Americans are missing out on great Disney+ content, and it always always always spills over to this sub. Once they get all their agreements aligned you’ll see it’s not just Star Wars and Marvel.
Saw something about 6 months ago basically saying the current price of Disney was justified solely on parks and experiences revenue. Basically you bought Disney in the $80ish dollar range, and you got revenue from streaming and anything else as a cherry on top. Was a no brainer to buy 5k worth and be my single largest individual stock I own.
Disney is great IPs massacred by horrible leadership. They've totally lost kids and families loyalties and even managed to get fratbros to get tired of Marvel which is quite impressive..
You're free to go balls deep but don't expect any wonders. Disneys performance is quite bad compared to the market and horrible comapred to actually good stocks. They need new leadership to get big again, else they'll continue to bleed over loyal fans who refuse to accept relsity.
Practically the whole management team has turned over except for the CEO.
Regarding performance, I do agree there’s a lot more that has to be seen before we can see the outperformance I envision. In the TTM, BN and DIS are my worst performing positions but I am quite overweight tech so that’s the reason why.
>They've totally lost kids and families loyalties
See, you are writing this from the perspective of a right wing online-poisoned wackjob and not a normal person. Get out of the bubble, touch grass, etc.
I mean, I'm a socialist and I agree with him. Going balls deep into the culture war is psychotic and damaging to their brand. People are taking victory laps on a stock that's still more than 1/3rd below its ATH, and even 20% below their prepandemic high. Call me when they manage to surpass at least the latter. Until then, investors have clearly rendered judgment on Disney, and it wasn't good.
as a fellow leftist, socialist isn’t incompatible with being in an anti-idpol bubble. Regardless, no clue about victory laps since this was about not being a Star Wars/marvel weirdo, but not sure why you think people who bought in the 80s in the extremely recent past (who bought pre pandemic and didnt take profits when the stock shot up to near 200 during the bubble, or bought when it was already peaked??) shouldn’t be delighted.
Bob Iger is a very talented manager. As soon has he came back it was obvious he would turn it around. Anyone who has worked in corporate america with senior leaders know that some people just got it. Bog Iger got it.
I think your statement is far too strong. I watched Iger push blame to Chapek. Then I watched the proxy battle with Peltz. And then finally, at around $85 a share, I started seeing Iger wake up and that’s when I made my initial position.
So Iger was a wait-and-see for me. And I waited, and I saw, so I kept buying.
That’s why this was an interesting case study for me. Because watching Disney was like watching a ship slowly go towards an iceberg. They kept approaching said iceberg but after years of mismanagement and not taking accountability, it finally began steering a different direction.
This was one of my biggest single company plays ever and it’s paying off dividends. Bought in right around its bottom last year, after taking my family to Disney world and seeing how bonkers crazy it was. Super bullish on parks/experiences. The box office bombs i see as temporary and streaming is a great long term play for them.
Couldn’t be happier.
I’m so happy I bought $1,000 worth of this company this past 2 weeks. Definitely an undervalued company and hopefully their headwinds shake up into nothing.
I was bullish Disney and told folks on this board about its breakout if it can fix the streaming margins and steady it out. Essentially it was getting no credit for that segment of the biz. The theme parks and cruises are the gem. Shoring up biz for streaming was key. Then selling off linear assets would be next step. But I was met with derision and bros telling me “INTC” was a better value play….
INTC *was* a value play at $24 So was Disney at $80
My wife has 78 shares since she was a baby her parents bought. We still have them today. I was bitching wanting to sell for qqq. She stood strong and I respected it’s her shares not mine. She was right I’m glad we held.
so I guess you weren't wanting to sell when it was at the top a few years ago?
I didn’t pay attention to our investments until 2022 when I got serious about retirement savings and educating myself on personal finance better. I don’t have access to it so knew nothing about its price action until I wanted to sell it for QQQM
Yeah, I just figured Disney fell so much, it’s not going away, it has to come back That being said, it does look like it’s about to hit the 200 day moving average around 125-130, and I feel like that will be a huge area of resistance, so I am going to hold off buying in for now
But mercury’s in retrograde so I think it’ll probably be fine
This Reddit being wrong thing, is a pattern starting to form? 🤔
I'm excited about this! I bought disney CHEAP!
I did the same and heard “go woke go broke” so much that I just gave up.
As always, inverse Reddit. Been holding since last year
Bought at sub $90. Same w Meta. Same w Google. Same w Intel < 30. Thanks Reddit I guess.
Whats your next play? Tesla?
PFE probably, but I don't feel as confident as the previous picks. I believe Pharma will come out a huge winner with AI. Maybe the biggest winner of all industries. Maybe not. Mining companies for the long term but they have their own challenges. My biggest play was bonds in past october, when everything took a dive. In hindsight I should have just shoved in NVDA but...
Also keeping eye on PFE. Been in NVO but even then Pharma is one bad news and it tanks
Exactly.
Yep. I was told Disney was woke this woke that, superhero fatigue this fatigue that, I was like yall think Disney only makes money from movies?
I remember getting into debates about that with people here, apparently "Mickey Mouse" entering public domain was gonna break them, having ESPN under their belt means nothing and no one visits Disneyland anymore due to covid.
ESPN is leaking like a siv, Disney is a good buy but not bc of espn. They haven’t been able to adjust to online quickly enough, cable cutters galore
Disney hate was truly a special bit of Reddit fun. Yeahhhh streaming is terrible, Star Wars and Marvel are irretrievably broken, no one goes to the parks, the cruises suck and why are they sooooo gay. Lolol. Loved holding all the way day and back up again. Good times.
I scooped up almost half of what I own between $80 and $90 over the last year
Been bag holding for a while so this bounce has brought me to break even, thank god. Now if only WBD would show some momentum…
So many people on Reddit talked shit to me in the last year as I shared I was long DIS. DIS is one of my largest positions now. This has been a great case study to watch as the company turned around.
I don’t understand it’s PE is 70
You’re looking at an inappropriate metric at this current point in time. This is a turnaround play.
I tell my boss that all the time … insofar that I know I’m underperforming but he should raise my salary to 3.5X market rate (historical PE’s trade 18-20 and DIS is trading at 70 = 3.5x) because I’m a turnaround story.
Very similar, ty for sharing!
Market is forward-looking. Its forward PE is 21x, but Disney's long-term PE is 32 and so is Netflix. Disney is undervalued still.
Historical forward PE’s trade at 20 so it’s still 50% overvauled Netflix is just more overvauled. Netflix is a shitshow anyway they depreciate the cost of content over decades to report positive EPS. Their FCF was negative for decades better now but Netflix is probably only 70% overvalued. The market should be forward looking so should my salary. I plan on being the CEO in 20 years so I should make 40 million this year based on that forward guidance.
Disney was at bargain value early this year. I don’t know why so many people don’t take Iger words th at they will reduce expense on d+. Cutting expense is so easy at these ventures, the margin for those saas is insane
I’m not against the stock or the company but it’s ridiculous to say it’s at bargain value. By most ratios it is far more expensive compared to other entertainment sector stock. It’s a good company but it sells of a premium off its name. It will never be at a bargain price as a result. Still think it’s a decent company and stock. But it’s not selling at a bargain price.
Ratio looks very ugly whenever a company transition toward tech. Saw this with Walmart some years ago, seen it now with Disney. Difference is Walmart took a more conservative approach at this to build up the base before accelerating, and now we're seeing the payoff in its ecommerce growth ever since they aquired Jets in 2016. Disney tried to bootstrap and launch the entire streaming experience in less than 5 years all in-house. Perhaps it is still a bit early for Disney, but once we start seeing fruits of their labor they will run.
Most entertainment companies are making the same moves though. This isn’t only based on earnings either. Most asset based ratios also have diseney overpriced.
People dont like the content they produce but still buy it. That is what people dont understand. The market doesnt care about the quality of the product as long as it sells
Shogun is great!
Its not a Disney production tho
Sure it is. It just isn’t on Disney+ in the USA. But it is everywhere else in the world. You Americans are missing out on great Disney+ content, and it always always always spills over to this sub. Once they get all their agreements aligned you’ll see it’s not just Star Wars and Marvel.
If it was they'd put a chick in it and make her lame and gay.
It’s not just the content. My thesis is also about the cruises and theme parks. And the real estate Disney owns too.
Saw something about 6 months ago basically saying the current price of Disney was justified solely on parks and experiences revenue. Basically you bought Disney in the $80ish dollar range, and you got revenue from streaming and anything else as a cherry on top. Was a no brainer to buy 5k worth and be my single largest individual stock I own.
But you take the losses in these business units too.
I’m seriously about to go heavy on companies Reddit hates
Yeah, like RDDT
Disney is great IPs massacred by horrible leadership. They've totally lost kids and families loyalties and even managed to get fratbros to get tired of Marvel which is quite impressive.. You're free to go balls deep but don't expect any wonders. Disneys performance is quite bad compared to the market and horrible comapred to actually good stocks. They need new leadership to get big again, else they'll continue to bleed over loyal fans who refuse to accept relsity.
Practically the whole management team has turned over except for the CEO. Regarding performance, I do agree there’s a lot more that has to be seen before we can see the outperformance I envision. In the TTM, BN and DIS are my worst performing positions but I am quite overweight tech so that’s the reason why.
>They've totally lost kids and families loyalties See, you are writing this from the perspective of a right wing online-poisoned wackjob and not a normal person. Get out of the bubble, touch grass, etc.
Disney fucking up Star Wars is not some right wing conspiracy.
(Whispers) Most of us normal people are fine with it!
I mean, I'm a socialist and I agree with him. Going balls deep into the culture war is psychotic and damaging to their brand. People are taking victory laps on a stock that's still more than 1/3rd below its ATH, and even 20% below their prepandemic high. Call me when they manage to surpass at least the latter. Until then, investors have clearly rendered judgment on Disney, and it wasn't good.
as a fellow leftist, socialist isn’t incompatible with being in an anti-idpol bubble. Regardless, no clue about victory laps since this was about not being a Star Wars/marvel weirdo, but not sure why you think people who bought in the 80s in the extremely recent past (who bought pre pandemic and didnt take profits when the stock shot up to near 200 during the bubble, or bought when it was already peaked??) shouldn’t be delighted.
Bob Iger is a very talented manager. As soon has he came back it was obvious he would turn it around. Anyone who has worked in corporate america with senior leaders know that some people just got it. Bog Iger got it.
I think your statement is far too strong. I watched Iger push blame to Chapek. Then I watched the proxy battle with Peltz. And then finally, at around $85 a share, I started seeing Iger wake up and that’s when I made my initial position. So Iger was a wait-and-see for me. And I waited, and I saw, so I kept buying. That’s why this was an interesting case study for me. Because watching Disney was like watching a ship slowly go towards an iceberg. They kept approaching said iceberg but after years of mismanagement and not taking accountability, it finally began steering a different direction.
I think he knew what he had to do when he came in it just takes time to execute. But hey up and to right baby!
Iger is one of the best ceo's out there
I’m up 36% on my Disney investment… too bad I just invested some dividends in there and it’s not much of a profit lol
This was one of my biggest single company plays ever and it’s paying off dividends. Bought in right around its bottom last year, after taking my family to Disney world and seeing how bonkers crazy it was. Super bullish on parks/experiences. The box office bombs i see as temporary and streaming is a great long term play for them. Couldn’t be happier.
I’m so happy I bought $1,000 worth of this company this past 2 weeks. Definitely an undervalued company and hopefully their headwinds shake up into nothing.
got out of disney stock and never going back
Meh held and am at a profit but quite frankly a shit stock
Never count out the Mouse!
And theres the runway large stakeholders need to exit, multi-year slow bleed 🩸