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Wanneer DIS weer aanknoopt met een uptrend zou het er wel eens een van lange duur kunnen zijn.
Kleinere posities : Cameco, EVS, GBL, ING, Newmont Mining, UCB
Ik ben nu ook ingestapt, iets onder de 92 USD.
Disney dumps $1B Florida project set to bring in 2,000 jobs
May 18, 2023 2:43 PM ETThe Walt Disney Company (DIS)By: Jason Aycock, SA News Editor501 Comments
Walt Disney (NYSE:DIS) is scrapping a near-$1B office campus it planned to build in Florida, as well as related plans to relocate some 2,000 of its California workers to the offices, citing "changing business conditions."
Reading between those lines, though, it's part of the ongoing feud with Florida Gov. Ron DeSantis over what Disney has called "targeted retaliation" against the company through crackdowns on its special taxing district.
The planned Lake Nona Town Center was set to bring more than 2,000 jobs to the Orlando region, at an average salary of $120,000. Many of those employees would have come from a Southern California department known as Imagineering, which works with Disney's moviemakers to develop theme park attractions.
And most of those employees complained harshly about the planned move, set up in 2021 during what Disney Parks chief Josh D'Amaro called Florida's "business-friendly climate," The New York Times noted. Meanwhile, Bob Iger, who recently returned as CEO, was much less enthusiastic about the Lake Nona development than Bob Chapek -- who took over from Iger as CEO in 2020 before his firing last year.
Now D'Amaro says business conditions are changing, and "I hope we're able to" continue plans for $17B in construction at Orlando's Disney World. But he's now looking at moving some 200 employees that already relocated back to California.
More on Disney and DeSantis
Ron DeSantis puts Disney's special Florida district under state control
Disney CEO Iger slams DeSantis moves as 'anti-business, anti-Florida'
Florida's DeSantis ramps more threats against Disney over tax-district scuffle
Disney sues Florida Gov. DeSantis after district clampdown (updated)
Florida Gov. DeSantis' board plans to counter-sue Disney in oversight battle
Disney expands suit against DeSantis after he signs bill to void its deals
Now Read: ESPN reportedly making moves toward direct-streaming future
bron: https://seekingalpha.com/news/3973178-d ... -2000-jobs
Het is De Santis, en niet alle republikeinen, die zich rechts van Trump positioneert. Disney zal blijven bestaan. De politieke carriere van De Santis is minder zeker.
En vergeet niet: Februari 2021 toen alle Disneyworld open waren en Disney+ een hype was stond het aandeel aan 200 USD.
zich onder meer de regisseur en de producer van het geflopte "Lightyear". De ontslagen, die
plaatsvonden op 23 mei, maken deel uit van het eerder aangekondigde plan van Bob Iger, Chief
Executive van Walt Disney, om 7.000 banen te schrappen en 5,5 miljard dollar aan kosten te besparen.
Jun. 09, 2023
Disney investors have braved significant downside volatility since DIS fell from its February 2023 highs.
DIS has underperformed the S&P 500 and Netflix stock, as investors worry over its ability to chart its growth through its direct-to-consumer business.
However, dip buyers returned to help stem the recent slide and bolster the stock against further pessimism, making the current buy levels constructive.
Investors who were waiting for a panic selloff in DIS before buying have been given a fantastic opportunity.
bron: https://seekingalpha.com/article/461047 ... ck-plunges
Jul. 07, 2023 1:39 PM ETThe Walt Disney Company (DIS)By: Jason Aycock, SA News Editor14
Walt Disney (NYSE:DIS) reports its fiscal third-quarter earnings in about a month -- and the discussion heading into the newest print seems to be centered on whether the company has lost a bit of its content mojo.
That talk comes up whether talking about less content for streaming service Disney+, or what looks like weaker performance for some formerly reliable subject matter (Recent Pixar films like Lightyear and Elemental have underperformed, and the newest Indiana Jones movie opened to a much lower total than its franchise predecessor).
Those and other concerns have led Wells Fargo to cut its expectations heading into earnings. Analyst Steven Cahall reduced earnings per share forecasts for the quarter to $0.98 (well below consensus for $1.07) and for the full year by 6%, to $3.82 (below consensus for $3.90).
He also cuts EPS expectations for fiscal 2024 to $5.55 from $5.71, and for 2025 to $6.1 from $7.09.
The company will need to show more visibility into future earnings growth at direct-to-consumer, he said. He expects Disney+ will show 300,000 net sub additions -- all of those international, with no domestic growth.
"DIS has suggested F3Q will be softer for sub additions with less content, and then rebound in F4Q," he said. "Investors are worried DIS is losing its content excellence."
Average revenue per user, though, should rise 19% to $7.44 thanks to the recent price increase, he noted, and Disney+ is still "quite underpriced."
Meanwhile, ad woes are hitting the linear TV business thanks to entertainment ratings and weakness in the scatter market, along with one less NBA Finals game, he said. And accelerated depreciation of the company's Star Wars hotel is hitting the Parks business, which also faces unfavorable comparisons and wage growth.
He's still a Buy (thanks to under-earnings at DTC), and looking ahead to the next meaningful catalyst for the bull case in September, though.
"We don't expect F3Q23 to solve debates, but rather tee up deeper convos for the September investor event, including presentations on all DIS operating segments and how [management] will solve the earnings problems," he said. "DTC profitability is the biggest issue, followed by ESPN going into streaming."
He has a target price of $147, implying 64% upside. Disney was up 0.9% at midday Friday.
DIS $88.64 -0.10 (-0.11%)
4:00 PM 07/07/23
Jul. 11, 2023 4:39 PM ETThe Walt Disney Company (DIS)By: Jason Aycock, SA News Editor8 Comments
Walt Disney (NYSE:DIS) is reportedly exploring strategic options for Star India -- once a key part of the company's Fox media assets acquisition that has struggled after a change in cricket fortunes.
The company has engaged in early-stage talks with at least one bank about how to help its India business grow while sharing costs somehow, whether that includes a joint venture or a sale of the operation, the WSJ reported.
Star India was an important part of Disney's plan to build its streaming business globally, and it came over in a $71.3B deal in 2019 for Fox's entertainment assets. In particular, it gave Disney lucrative broadcast and streaming rights for Indian Premier League cricket.
But Disney lost a bidding war to keep streaming those matches to Viacom18, and that hurt growth at streaming service Hotstar -- now expected to lose 8M-10M subscribers in its third quarter, according to the report.
Meanwhile, an already low average revenue per subscriber has been falling alongside the user decline. Hotstar generated ARPU of $0.59 in the April quarter, down from a peak of $1.20 in summer 2022, the report noted.