Walt Disney Co (DIS)

[Prudent Capitalist]

Spot on article posted here. the well stated facts:

Iger was impossible to replace. He was one of the great CEOs of the last quarter century. He built up Disney, in part through M&A, adding the animation studio Pixar, and the Marvel and Star Wars franchises to its stable. In addition to Disney’s traditional business, this portfolio made it America’s entertainment company powerhouse.

Chapek was a disaster early on, but he saved his worst sins in recent decisions. He spent too much on Disney’s streaming business, which had grown to rival Netflix and Amazon Prime. However, as the streaming business slowed, Disney’s expenses did not. Chapek underpriced the service and spent too much on production.

Chapek’s decisions had consequences. Disney’s poor financial results, particularly recently, decreased the stock price by almost 50% in the last year.