Lock the Dirty Scum Conman Traitor Rapist Drump up !
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Walt Disney Co NYSE: DIS Short pants Running for cover imho
DIS
GoSymbol lookup
Communication Services : Entertainment | Large Cap GrowthCompany profile
BuySell
Price
$90.59
Day's Change
2.00 (2.26%)
Bid
90.58
Ask
90.59
B/A Size
600x300
Day's High
90.67
Day's Low
89.60
Volume(Above Average)
Today's volume of 4,689,124 shares is on pace to be greater than DIS's 10-day average volume of 14,045,692 shares.
4,689,124
June 02, 2023 11:04am ET Kicking Arse
New Trump evidence almost as good as a confession!:
Walt Disney Co NYSE: DIS up up & away!
DIS
GoSymbol lookup
Communication Services : Entertainment | Large Cap GrowthCompany profile
Premarket
Last Trade
$89.66
Change Since Close
1.07 (1.21%)
Bid
89.64
Ask
89.65
B/A Size
200x100
June 02, 2023 9:12am ET
lmao Will Not be hearing from the drump sheep today imho
Florida Department of Health altered data to make vaccines look dangerous
Mark Sumner, author
by Mark Sumner
Florida Gov. Ron DeSantis speaks at with State Surgeon General Dr. Joseph Ladapo (2nd from right)
Last October, Florida State Surgeon General Dr. Joseph Ladapo issued an extraordinary warning. Based an analysis of Florida residents, Ladapo asserted that being vaccinated for COVID-19 resulted in an “increased risk for cardiac-related mortality” in the month following vaccination. Even more astoundingly, that analysis claimed that mRNA vaccines represented a “substantial” risk for both all-cause and cardiac-related deaths for men between 18 and 39. According to Ladapo , there was an “84% increase in the relative incidence of cardiac-related death” for men in that age group following vaccination with an mRNA vaccine. As a result, the state of Florida officially recommended against men getting vaccinated for COVID-19.
Since that announcement, Florida Gov. Ron DeSantis has repeatedly backed Ladapo’s recommendation. The numbers from that state-controlled Florida “study” have become standard fare for anti-vaccine claims from Fox News to Robert Kennedy Jr. Kennedy even had Ladapo on his anti-vax podcast to promote a book Ladapo authored in which he scoffed at the “panic and fear” of other public health officials when it comes to COVID-19.
However, right from the start, Ladapo’s colleagues were highly skeptical of both his findings and his recommendation. Now The Tampa Bay Times demonstrates that there were very good reasons for that skepticism. Because to get the numbers he wanted, Ladapo altered the results of the study, leaving out what it really discovered: “The risk associated with COVID-19 infection clearly outweighs any potential risks associated with mRNA vaccination.”
This is the conclusion of the study as published by Ladapo.
Conclusion: In this statewide study of vaccinated Florida residents aged 18 years or older, COVID-vaccination was not associated with an elevated risk for all-cause mortality. COVID-19 vaccination was associated with a modestly increased risk for cardiac-related mortality 28 days following vaccination. Results from the stratified analysis for cardiac-related death following vaccination suggests mRNA vaccination may be driving the increased risk in males, especially among males aged 18 - 39. Risk for both all-cause and cardiac-related deaths was substantially higher 28 days following COVID-19 infection. The risk associated with mRNA vaccination should be weighed against the risk associated with COVID-19 infection.
But this is the conclusion as it appeared in the earlier draft.
Conclusion: In this statewide study involving vaccinated persons aged 12 years or older in Florida, no increase in the incidence of natural all-cause, natural all-cause/unknown, or cardiac-related deaths was detected following COVID-19 vaccination. Significant decreases in death incidence following vaccination were observed for some groups evaluated.
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As the Tallahassee Democrat reported back in January, that “84% increase” was still there in the earlier version of the report, but there were only 20 cases of coronary events in that age group across the study, making the whole number too small to be statistically significant. For scientists who evaluated Ladapo’s version of the report, the evidence was clear that he had committed “reporting bias by cherry picking results; focusing only on evidence that supports his stance, ignoring contradicting evidence and failing to appropriately acknowledge the limitations of his own data set.”
To find something he could use to “prove” mRNA vaccines were dangerous, Ladapo scanned the tables, found one number where deaths within a certain period for one small group were higher, and singled it out as a cause for alarm. He did so even though it was obvious that the number he was selecting was based on a sample size so small that it amounted to no more than “noise” in the results.
Not only does the Times version show how Ladapo deliberately altered the conclusion of the report to highlight the false fear he wanted to create, to better highlight the results, Ladapo removed a whole set of data from the study. The data concerning what happened to Floridians who became infected with COVID-19.
For Floridians ages 18 to 24, the incidence of cardiac-related deaths from infection was more than 10 times higher than from the vaccine and more than five times higher for ages 25 to 39.
In order to support the anti-vaccine claims that both Ladapo and DeSantis had supported, the state surgeon manufactured a false claim that mRNA vaccines were dangerous. In doing so, he completely ignored the obvious — COVID-19 really is dangerous.
https://www.dailykos.com/stories/2023/4/8/2162824/-Florida-Department-of-Health-altered-data-to-make-vaccines-look-dangerous
BUD >Anheuser-Busch SA NYSE: BUD
BUD
GoSymbol lookup
Consumer Staples : Beverages | Large Cap Blend | Based in BelgiumCompany profile
This security is an American depositary receipt
ADR Fees
BuySell
Price
$54.09
Day's Change
0.69 (1.29%)
Bid
54.08
Ask
54.09
B/A Size
400x800
Day's High
54.16
Day's Low
53.51
Volume(Above Average)
1,596,118
Bought 12 pack bud light bottles & a case of Corina yesterday
Wow, i was in for awhile but got out at first opportunity, gltu
Walt Disney Co NYSE: DIS
DIS
GoSymbol lookup
Communication Services : Entertainment | Large Cap GrowthCompany profile
Max also has Season 2 of"And Just Like That ..." (June 22), the "Sex and the City" revival, with John Corbett's Aiden set to reappear in the now-widowed Carrie's (Sarah Jessica Parker) life, as well as a Samantha cameo; Season 3 of"The Righteous Gemstones" (June 18), the ridiculously over-the-top megachurch comedy starring Danny McBride; Season 3 of "Warrior" (June 29), the martial-arts action series set in post--Gold Rush San Francisco's Chinatown; and Season 2 of Steve Dildarian's animated cringe-comedy "Ten Year Old Tom" (June 29).
More:Here's everything new coming to Max in June 2023
There's also James Cameron's blockbuster sci-fi sequel "Avatar: The Way of Water" (June 7, also on Disney+), and even more Warner Bros. Discovery (WBD) shows from HGTV, Food Network, TLC, etc., migrating over from Discovery+ post-merger.
Who's Max for? HBO fans and movie lovers. And now, unscripted-TV fans too, with a slew of Discovery+ shows.
Play, pause or stop? Pause and think it over. "The Idol" aside, there look to be some good shows on the way. But at that price, you kinda want some great shows.
Disney+ ($7.99 a month with ads, $10.99 with no ads)
(MORE TO FOLLOW) Dow Jones Newswires
June 01, 2023 09:34 ET (13:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.
Market data and information provided by Morningstar.
Walt Disney Co NYSE: >DIS - Super Buy IMHO
DIS
GoSymbol lookup
Communication Services : Entertainment | Large Cap GrowthCompany profile
BuySell
Price
$88.45
Day's Change
0.4884 (0.56%)
Bid
88.43
Ask
88.46
B/A Size
400x100
Day's High
88.53
Day's Low
87.11
Volume(Below Average)
5,029,917
DIS low of 84. in Dec, Looks like a Great time to add here imho !
Walt Disney Co NYSE: DIS Up Again !
DIS
GoSymbol lookup
Communication Services : Entertainment | Large Cap GrowthCompany profile
BuySell
Price
$88.02
Day's Change
0.20 (0.23%)
Bid
88.02
Ask
88.03
B/A Size
300x2300
Day's High
88.17
Day's Low
87.15
Volume(Light)
Today's volume of 7,843,604 shares is on pace to be much lighter than DIS's 10-day average volume of 14,649,807 shares.
7,843,604
May 31, 2023 3:59pm ET
XCRT . waiting for GTS to Get Out of our way imho )))
Disney Is Maintained at Buy by Truist Securities
6:26 am ET May 30, 2023 (Dow Jones) Print
Ratings actions from Benzinga: https://www.benzinga.com/stock/DIS/ratings
(END) Dow Jones Newswires
May 30, 2023 06:26 ET (10:26 GMT)
Hen, Despite all the complaints about Fox News throughout the years, it wasn’t always regarded with journalistic disdain, especially not during Barack Obama’s first year in office. When the Obama administration tried to exclude Fox News from interviews with executive-pay czar Kenneth Feinberg in 2009, even though reporters from the Big Three and CNN were invited, other journalists took to Fox’s defense and called out the administration for its mistreatment of Fox.
Jake Tapper, then at ABC News, called Fox “one of our sister organizations.” That felt like the right move at the time. I had massive disagreements with Fox News, especially its primetime hosts, but could always fall back on the idea that Fox primetime was akin to the opinion section of a newspaper while top-notch journalists such as Chris Wallace worked on the news side. I was proud of Tapper and the others for standing up for fellow journalists at Fox News against the White House.
But that was then.
What we know now is that Fox News isn’t a News organization in any true sense of the word. (We had an inkling in 2020 when Carlson was sued for slander, and Fox News lawyers argued in court that a reasonable person would understand that the host’s statements were “loose, figurative or hyperbolic.”) From top executives and well-paid primetime hosts to supposed objective news anchors, the Dominion lawsuit has exposed the network as an entertainment network masquerading as a news outlet.
In private, Fox News personalities like Sean Hannity, Laura Ingraham, and Carlson were expressing their disdain for former President Donald Trump and their belief that the 2020 presidential election wasn’t stolen. On air, they said the opposite.
What’s worse is that even as these revelations were being made, Carlson still felt comfortable calling the insurrectionists at the Capitol on Jan. 6 “sightseers” and highlighting video that painted a calmer, inaccurate picture of the violence that transpired that day. He received a strong assist from Republican Speaker of the House Kevin McCarthy, who gave Carlson exclusive access to video from the Capitol Building. No one at Fox News told him not to downplay a violent insurrection fueled in part by lies about the 2020 election repeatedly broadcast by the station. Carlson’s ability to look into a camera and breezily spout propaganda to a few million people every night about the gravest issues this country faces is not just offensive, but dangerous.
We should not shy away from saying that.
We must not underappreciate what it means that even Fox “news” anchors were arguing in favor of broadcasting inaccurate results from Arizona in 2020 because their audience didn’t want to hear the truth, that young news staffers were threatened with firing for having the temerity to try to tell the truth, that top Fox personalities spoke truthfully off air but dared not repeat those truths on air for fear of losing viewers. Fox’s media reporter Howard Kurtz is a prime illustration of what Fox has become or has always been.
Initially, Kurtz announced that he couldn’t report on the Dominion lawsuit because network lawyers and his bosses said he couldn’t, even though he wanted to. Later, when he finally mentioned the lawsuit, he acted as though it was just a First Amendment issue rather than also about journalistic integrity and ethics, things he doesn’t mind delving into when critiquing other media outlets.
While at The Washington Post covering the Fox News-Obama spat in 2009, Kurtz cobbled together disparate voices that examined the issue from multiple angles and flatly stated “the White House has gone beyond pushing back and is trying to marginalize Fox.” Now he’s a media reporter who can’t tell us if a credible news outlet would continue allowing disinformation to be repeatedly broadcast on its airwaves.
I wouldn’t be surprised if journalists and others who are convinced Fox News is more “objective” than others balk at what I’ve written and declare it hyper-partisan. I can take the criticism. Speaking plainly about uncomfortable truths is better than tiptoeing into untruth.
But there’s another reason many journalists might reflexively say Fox must still be considered a news outlet, because they know none of us is perfect and many contributed to reporting that also led to great harm.
The U.S. invasion of Iraq began 20 years ago this month with “shock and awe.” U.S. media were instrumental in helping the Bush administration secure public support for that war through a series of damaging reports (that we now know were false) across major outlets. We did not do our jobs well. We failed spectacularly. We helped convince the American public that there were large stockpiles of weapons of mass destruction hidden by a foreign adversary who might decide to attack us and was supposedly involved in the 9/11 plot.
None of that was true.
We featured war hawks much more frequently and prominently than we did protesters for peace. While we may now say the Bush administration misled Americans to justify its decision to invade a country that had not attacked us, that misinformation was effective because of the way we portrayed it. The New York Times had to painfully admit it was, in effect, a purveyor of misinformation about the war. The Washington Post apologized for underplaying the voices of those who were skeptical about the weapons of mass destruction claims. The New Republic, a left-leaning outlet, expressed regret for its pre-war support. Even Carlson, then at CNN, said this: “I am embarrassed that I supported the war in Iraq.”
That underscores the bankruptcy at Fox “News” today. Carlson knows firsthand the danger of broadcasting mis- or inaccurate information on exceedingly important topics, and yet he continues doing so with the blessing of Fox executives and the quiet acquiescence of other journalists at Fox, like Kurtz. There is a fundamental difference between the media’s pre-Iraq war coverage and what’s happening at Fox. The former was a result of sloppy journalism and a pervasive self-censorship inside newsrooms that meant not enough skeptical journalists were speaking up. The latter has been purposeful. Fox personalities and executives know they are spreading falsehoods but feel it necessary to keep their ratings high and pockets fat. But I’m not sure the broader public is interested in those distinctions, and that’s why Fox is likely to survive the Dominion revelations. It can easily point to the flaws and faults of other media organizations to deflect from the Propaganda they are producing.
$DIS >Last Trade
$89.18
Change Since Close
0.8916 (1.01%)
Bid
88.96
Ask
89.20
B/A Size
100x2400
May 30, 2023 9:04am ET
Disney Oversight Board Member Appointed By DeSantis Reportedly Quits 3 Months Into The Job(Families & friends Disowned them)
7:53 am ET May 30, 2023 (Benzinga) Print
Florida Governor Ron DeSantis appointee to the Walt Disney Company (NYSE:DIS) governing board has quit after a very short stint, local media reports said.
Central Florida Attorney Michael Sasso has resigned from the Central Florida Tourism Oversight District Board Of Supervisors, which DeSantis appointed following his dispute with Disney, Orlando Sentinel reported. He was appointed to the board in late February.
See Also: DeSantis Escalates Feud With Disney: Calls For Disqualification Of Judge Overseeing Lawsuit
The attorney hasn't given a reason for his resignation. DeSantis, however, elevated Sasso's wife to the Florida Supreme Court last week, the report said. She earlier served as the chief judge of the Sixth District Circuit Court of Appeal, it added.
DeSantis and Disney are fighting it out in a state court following a lawsuit filed by the company, alleging DeSantis began a war of retaliation against it for voicing opposition against the state's "Don't Say Gay" law.
The report suggested that the lawsuit could potentially reach the Supreme Court.
$SYAXF best buying opportunity coming today ! imho
https://www2.asx.com.au/markets/company/sya
That's why stormy Dumped Traitor Trump ! At a recent taping of The Apprentice, the board
room/studio began to smell like shit. You could clearly see the
apprentices gagging from the awful odor. This was confirmed when a
janitor saw The Donald scrubbing the brown streaks off of his Brooks
Brothers silk underwear in the Trump Tower executive washroom.
Trump the Traitor 3 or 4 days a week while in office
https://media.snopes.com/2017/04/trump_diarhea_feature.jpg">https://media.snopes.com/2017/04/trump_diarhea_feature.jpg" />
BUD $44. In Oct. $ Oops $ 67. in March now 57. Stocks go up & down Then Up again $$$$$ BUD Long
lol why not try a Reliable source, not the wwf of News reporting !FakeOX Entertainment News
BUD > Price
$57.08
Day's Change
0.205 (0.36%)
Bid
57.07
Ask
57.08
B/A Size
900x800
Day's High
57.16
Day's Low
56.82
Volume(Below Average)
Today's volume of 1,035,160 shares is on pace to be lower than BUD's 10-day average volume of 2,270,003 shares.
1,035,160
May 26, 2023 1:13pm ET
$SYAXF maybe elon buying out ?
Better Buy: Walt Disney vs. Comcast Stock
By Will Healy – May 26, 2023 at 5:34AM
KEY POINTS
Despite Disney's smaller size, its theme park-related segment drove most of the company's growth.
Comcast remains primarily a service provider.
Motley Fool Issues Rare “All In” Buy Alert
NYSE: DIS
Walt Disney
Walt Disney Stock Quote
Market Cap
$161B
Today's Change
(0.80%) $0.70
Current Price
$88.84
Price as of May 26, 2023, 11:49 a.m. ET
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Which media and theme park stock will serve investors better?
Walt Disney (DIS 0.80%) and Comcast (CMCSA 0.92%) began as vastly different companies. But when Comcast bought NBCUniversal in 2011 from General Electric, it became heavily involved in both content development and theme parks.
While many differences remain, Comcast's acquisition made them direct competitors in many respects. That factor alone might lead investors to wonder which communication stock is better, warranting a closer look at each company.
The case for Disney
Content and theme parks have become Disney's bread and butter, so much so that it recently consolidated its company into two segments.
Content falls under its Disney media and entertainment distribution segment. This includes streaming services and Disney's content-related groups such as studios, entertainment, and ESPN. In its fiscal second quarter (ended April 1), it accounted for over 64% of the company's revenue.
As the name implies, Disney's parks, experiences, and products segment includes theme parks, as well as resorts, cruise ships, and consumer products. Although this segment made up less than 36% of revenue in fiscal Q2, it accounted for most of Disney's revenue growth, increasing at a 17% rate year over year versus 6% for media and entertainment.
Overall, revenue of $22 billion in fiscal Q2 rose 13% year over year. Also, with costs and expenses growing at 11%, that helped net income grow by 170% to nearly $1.3 billion. However, Disney was still recovering from the pandemic last year, leaving it with a lower net income base, which increased Disney's profit growth percentage.
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NYSE: DIS
Walt Disney
Today's Change
(0.80%) $0.70
Current Price
$88.84
YTD
1W
1M
3M
6M
1Y
5Y
PRICE
VS S&P
DIS
KEY DATA POINTS
Market Cap
$161B
Day's Range
$88.10 - $89.24
52wk Range
$84.07 - $126.48
Volume
4,760,282
Avg Vol
10,534,572
Gross Margin
25.98%
Dividend Yield
N/A
Despite the higher profits, the stock has struggled amid a bear market last year. Also, the recovery in profitability helped to leave it with an elevated P/E ratio, selling at about 40 times earnings.
Still, that valuation should fall as Disney's recovery continues. As the company moves on from the legacy of the pandemic, Disney's financials should show further improvement.
How Comcast fares in the current market
As a provider of cable TV and later internet and telecom services, Comcast seemed more complementary than competitive to Disney. With its takeover of NBCUniversal in 2011, it acquired an extensive content library and theme parks, making it more of a direct alternative to Disney.
But despite that move, Comcast remains largely a service provider. Its residential connectivity segment and its platforms and business services connectivity segment comprised about 68% of its revenue in the first quarter of 2023. Also, given the 2% decline in revenue over the previous year, these segments have done little to boost Comcast's stock.
Content and experiences made up the remaining 32% of the company's revenue. Unfortunately, that experienced a more severe revenue drop as revenue fell 9.5%. The bright spot was its $1.9 billion in theme park revenue, which increased 25% yearly.
Unfortunately for Comcast, that makes up a small part of Comcast's $30 billion in revenue, which fell 4% year over year. Still, the company controlled its cost and expense growth and earned an additional $607 million from investments and other income. That led to $3.8 billion in quarterly profits, 8% more than last year.
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NASDAQ: CMCSA
Comcast
Today's Change
(0.92%) $0.36
Current Price
$39.45
YTD
1W
1M
3M
6M
1Y
5Y
PRICE
VS S&P
CMCSA
KEY DATA POINTS
Market Cap
$163B
Day's Range
$39.09 - $39.63
52wk Range
$28.39 - $44.66
Volume
10,797,585
Avg Vol
18,480,868
Gross Margin
57.79%
Dividend Yield
2.81%
Amid those earnings, the stock has gained back most of last year's losses, though it is still down modestly over the last 12 months. Also, its P/E ratio has risen in recent months. Now, at a 30 earnings multiple, its valuation is near multiyear highs, though it remains significantly cheaper than Disney.
Disney or Comcast?
Given current conditions, Disney appears more likely to drive higher returns. Both companies have earned their highest growth from their theme park segments and continue to experience struggles on the content side.
However, theme parks account for a much higher portion of Disney's revenue. Moreover, Comcast's primary focus is on telecom services, and that business is mainly responsible for Comcast's revenue decline. Disney is not in that business, which confirms that Disney operates a company better positioned to drive higher returns.
$DIS >What is Ron (Fascist) DeSantis Doing?
Instead of being more likable than Trump, Florida governor always appears to be looking for a fight and acts like an egomaniac
At first, it looked as if Florida Gov. Wanker DeSantis was positioning himself to be “Donald Trump without the baggage.”
After all, Trump was popular with Republicans and the political right because of his record and rhetoric on immigration, taxes, the appointment of conservative judges, and his cultural and economic agendas.
The former president’s main problem was — and is — that just enough suburban, swing voters found the former president so personally offensive in 2020 that they handed the White House to Democrat Joe Biden. Those crucial voters didn’t like Trump’s name calling, personal attacks, and inability to tell the truth — and they still don’t.
Given that, the theory was that Wanker DeSantis could win both the GOP presidential nomination and the 2024 general election by echoing Trump’s priorities and policies while avoiding the nastiness and pettiness that so often defined the former president.
But of late, DeSantis has been on a baggage-grabbing spree, looking for almost any opportunity to wrestle with corporate America and alienate swing voters who live in the suburbs. He’s collecting the same negatives that Trump did, and he is exhibiting the same boorishness as the former president.
Instead of being a more personable, serious, thoughtful, and honest version of Trump, the Florida governor is emulating him. DeSantis always appears to be looking for a fight and generally acts like an egomaniac.
Mind you, I’m not all that surprised that DeSantis is Trump-like. When I interviewed him during his run for Congress, he struck me as a bulvan. (It’s Yiddish. Go look it up.)
He (and/or his consultants) appear to want to polarize every issue. That’s exactly what DeSantis is doing with Disney, one of the most well-respected companies on the planet.
Battling Mickey Mouse
Normally, governors want their largest corporations to be successful so they can raise wages, hire more people, and pay their state taxes, which in the case of Disney are considerable.
But DeSantis is so interested in showing how tough(lol) and successful he is that he’s willing to look like a bully protecting his turf – even if it means beating up on Mickey Mouse.
Is Disney Stock a Buy After Earnings? Yes
With losses in its direct-to-consumer segment but Hulu integration on the way, here’s what we think of Disney stock.
Neil Macker
May 25, 2023
Share
Disney sign
Disney DIS released its fiscal second-quarter earnings report on May 10, 2023. Here’s Morningstar’s take on what to think of Disney’s earnings and stock.
Disney Stock at A Glance
Fair Value Estimate: $145
Morningstar Rating: 4 stars
Morningstar Uncertainty Rating: High
Morningstar Economic Moat Rating: Wide
What We Thought of Disney Earnings
Although Disney parks posted good growth on the top and bottom lines, overall it was a disappointing quarter for the company because of its direct-to-consumer subscriber losses.
While the DTC segment appears to be on its way to profitability by the end of fiscal 2024, in line with expectations, we think Disney needs to expand that customer base and drive stronger top-line growth to replace declining revenue from linear networks.
Disney’s plans for Hulu could help. While CEO Robert Iger has doubted the value of general entertainment content in the past, he recently announced that Hulu will be integrated into Disney+ in the U.S. market, which mirrors international versions. Disney believes that having one app will promote higher usage and increase advertising opportunities.
Disney Stock Price
stock price of disney for one year
Disney Stock Price from May 2022 to May 2023
Fair Value Estimate for Disney Stock
At a 4-star rating, Disney stock is undervalued compared with our fair value estimate.
Our updated $145 fair value estimate reflects slower subscriber growth and lower losses from streaming. We expect average annual top-line growth of 6% through fiscal 2027. We now project losses for the streaming segment to continue through fiscal 2024, declines for linear advertising over the next five years, and a continued decline in margins for linear networks.
We expect that fiscal 2023 admissions revenue will remain ahead of fiscal 2019, despite consumer worries about the economy and inflation. As a result of delayed movie premieres and theater closures, fiscal 2022 theatrical revenue rebounded to only about 40% of the fiscal 2019 level.
We estimate 12% average annual growth for the DTC segment, as we are modeling strong subscriber growth for Disney+ and Hulu along with further price increases. We now project that Disney-branded services will hit 235 million paid subscribers by the end of fiscal 2027, assuming a continued international rollout and improved penetration in the larger Western markets.
We believe the segment will post its first positive annual operating income in fiscal 2025. We project Disney’s overall operating margin will improve to 21% in fiscal 2027 from 8% in fiscal 2022, as the losses at the DTC segment turn to gains and ongoing margin improvements at the theme parks more than offset the margin decline at linear networks.
Read more about Disney’s fair value estimate.
Price/Fair Value for Disney
Disney price/fair value ratios from 2018-2023 with ratios over 1 indicating when the stock is overvalued while ratios below 1 indicate when the stock is undervalued.
Disney price/fair value ratios from 2018 to 2023, with ratios over 1 indicating when the stock is overvalued while ratios below 1 indicate when the stock is undervalued.
Economic Moat Rating
We assign Disney a wide economic moat rating. Its media networks segment and collection of branded businesses have demonstrated strong pricing power in the past decade. We believe the addition of the Fox FOX entertainment assets, acquired in 2019, will continue to help generate excess returns on capital despite operating in the increasingly competitive media and streaming marketplace.
Disney’s television networks remain important pieces in traditional pay-TV bundles. The firm’s network lineup provides distributors not only with general entertainment but also live sports at ESPN and news coverage at ABC—two categories that are keeping many subscribers in the pay-TV orbit. While we expect television subscribers to continue to decline annually, the underlying networks remain profitable, and the cash generated will continue to be reallocated to support Disney’s DTC efforts.
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ESPN is the dominant player in U.S. sports entertainment. Its position and brand strength empower it to charge the highest subscriber fees of any cable network, generating durable profits. Disney also owns ABC, one of the four major U.S. national broadcast networks, along with affiliated TV stations in eight markets (including six of the top 10 markets).
The firm’s success at the theatrical box office used to depend heavily on Pixar Animation Studios. However, Disney now has six studios (Walt Disney Pictures, Marvel, Pixar, Lucasfilm, Walt Disney Animation, and 20th Century Studios) that can generate blockbuster films annually. With the incorporation of Fox, Disney now owns 14 of the 20 all-time highest-grossing films at the worldwide box office—10 of which have been released since 2015. The continued strength of the studios and media networks should help drive continued success for the firm’s DTC ambitions for Disney+, Hulu, and ESPN+.
Read more about Disney’s moat rating.
Risk and Uncertainty
Based on the competitive linear and streaming media markets Disney operates in, along with the level of advertising and parks revenue that is exposed to the economy and economic cycles, we believe a Morningstar Uncertainty Rating of High is more appropriate than Medium, as it better reflects the volatility we expect Disney investors will face relative to our global coverage. Disney’s results could suffer if the company cannot adapt to the changing media landscape. ESPN garners the highest affiliate fees of any basic cable channel, and decreased pay-TV penetration would slow revenue growth. Disney’s labor relations remain one of its largest environmental, social, and governance risks; the company and its subsidiaries have been subject to a number of lawsuits alleging racial and gender discrimination, sexual assault/harassment, and wage gaps/discrimination.
Read more about Disney’s risk and uncertainty.
DIS Stock Bulls Say
The parks and resorts segment should rebound strongly from the pandemic since families still view the parks as prime vacation destinations.
Disney+ has a long runway for growth both in the United States and internationally. The platform’s original series and its deep, constantly expanding library support that growth.
Although filmmaking is a hit-or-miss business, Disney’s popular franchises and characters reduce this volatility over time. Additionally, the firm’s annual slate generally does not rely on one big picture, reducing the downsides of any flops.
DIS Stock Bears Say
The business model for Disney’s media networks division depends on the continued growth of affiliate fees. Any slowdown in this growth as pay-TV subscribers continue to decline could tremendously harm profitability.
The streaming space is increasingly crowded. Disney may have to keep funding losses in this segment beyond fiscal 2024.
Developing mass-market hit programs can be unpredictable, especially as media fragmentation continues. The race to attract and retain talented creatives has been and will remain very competitive and expensive.
This article was compiled by Muskaan Hemrajani.
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What's Going On With AT&T Shares
12:19 pm ET May 25, 2023 (Benzinga) Print
AT&T Inc. (NYSE: T) shares are trading lower by 5.42% to $15.08 Thursday afternoon. Shares of several cell phone carriers are trading lower following reports suggesting DISH Network Corp (NASDAQ: DISH) could be selling wireless plans through Amazon.com, Inc. (NASDAQ: AMZN).
Additionally, AT&T shares are trading lower by some 13.74% over the trailing month on continued weakness after the company reported first-quarter earnings in April. Cash flow came in below estimates.
What's Going On With DISH Network?
The potential deal allows Dish to market its service to millions of prospective customers and help Amazon expand its relatively small footprint in the consumer smartphone market.
Amazon has previously discussed potential wireless business deals with Dish.
Wireless plans sold through Amazon's e-commerce portal could eventually challenge rival cellphone carriers...Read More
According to data from Benzinga Pro, T has a 52-week high of $21.53 and a 52-week low of $14.46.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
ALLY > Ally Financial to present at the Morgan Stanley US Financials, Payments & CRE Conference
10:00 am ET May 24, 2023 (PR Newswire) Print
Ally Financial Inc. (NYSE: ALLY) President of Dealer Financial Services, Doug Timmerman, will present at the Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 12, 2023 at approximately 8:45 a.m. ET.
A live audio webcast will be available on the day of the conference at http://www.ally.com/about/investor/under the Events and Presentations section of the Investor Relations website.A replay will also be available.
About Ally Financial
Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves more than 11 million customers through a full range of online banking services (including deposits, mortgage, point-of-sale personal lending, and credit card products) and securities brokerage and investment advisory services. The company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies, as well as auto financing and insurance offerings. For more information, please visitwww.ally.comand follow @allyfinancial.
For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.
For further images and news on Ally, please visit http://media.ally.com.
Contacts:
Sean LearyAlly Investor Relations704-444-4830sean.leary@ally.com
Peter GilchristAlly Communications (Media)704-644-6299peter.gilchrist@ally.com
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