Disney stock down 33% since starting their beef with Florida in 2022

[Mr. Friscus]

I did comment on the topic, the demise of Disney is overstated.

Long after DeSantis is dead and gone Disney will still be raking in money.

Being down 33% in stock over a year is remarkable.. no anger you might have because it happened changes that.

 

[Mushroom]

On March 9, 2022, former Disney CEO Bob Chapek attacked Gov. Ron DeSantis (R., Fla.) for supporting the Parental Rights in Education bill, instigating a feud with the popular governor that persists to this day. Since then, Disney's stock price has lost a third of its value.

The decline of the stock has nothing to do with that. It has to do with their almost complete failure in the box office and at their parks.

The last 2 years they have had multiple movies bomb at the box office. Including Lightyear, Strange World, and others like the last Ant Man movie. And neither the latest Guardians of the Galaxy movie or The Little Mermaid is expected to show a profit with underwhelming box office numbers. Plus their Disney+ service continues to bleed both money and subscribers.

And after the recent reveal of the newest Indiana Jones movie that is looking like it will bomb also.

The issues of the company have nothing to do with what is happening in one state, it is because their movies have been underperforming or losing money in the theaters. Hell, they even managed to produce a Star Wars movie that lost money, something unheard of a decade ago.

And add to that, the $2 billion spent to open the Star Wars Starcruiser hotel was a complete bust. It seems that people are not willing to shell out $2,000 per person for 2 nights to stay inside a totally enclosed hotel roleplaying that they are in Star Wars (especially as it's Star Wars form the last 3 movies and not the classic movies).

That is why the company is losing money. The investors have lost faith that the company knows what it is doing, and they might be right.

 

[Mr. Friscus]

It's mostly flat the last 7-10 years though. Has little to do with wokeness; has more to do with the fact that it's evolving as a media company in an era in which it has a lot of competition.

This was a 33% drop in 14 months. So.. your “mostly flat” description doesn’t add up.

I ignored your anger/obsession towards DeSantis

 

[Mr. Friscus]

Why is it that whenever someone points out how Bud Light, Target, or Disney are losing money, the same leftists show up and try to spin the losses and then rage-post??

 

[Harpy Eagle]

The decline of the stock has nothing to do with that. It has to do with their almost complete failure in the box office and at their parks.

The last 2 years they have had multiple movies bomb at the box office. Including Lightyear, Strange World, and others like the last Ant Man movie. And neither the latest Guardians of the Galaxy movie or The Little Mermaid is expected to show a profit with underwhelming box office numbers. Plus their Disney+ service continues to bleed both money and subscribers.

And after the recent reveal of the newest Indiana Jones movie that is looking like it will bomb also.

The issues of the company have nothing to do with what is happening in one state, it is because their movies have been underperforming or losing money in the theaters. Hell, they even managed to produce a Star Wars movie that lost money, something unheard of a decade ago.

And add to that, the $2 billion spent to open the Star Wars Starcruiser hotel was a complete bust. It seems that people are not willing to shell out $2,000 per person for 2 nights to stay inside a totally enclosed hotel roleplaying that they are in Star Wars (especially as it's Star Wars form the last 3 movies and not the classic movies).

That is why the company is losing money. The investors have lost faith that the company knows what it is doing, and they might be right.

Hardly a bomb, 4th movie for the year so far.

 

[multivita-man]

This was a 33% drop in 14 months. So.. your “mostly flat” description doesn’t add up.

I ignored your anger/obsession towards DeSantis

It was also coming off of an artificial high. There was already downward pressure on Disney's stock. People think of Disney as Magic Kingdom, but it's a media company, and in 2021/2022 people were getting off the couch and back into the real world.

Did the "woke" stuff impact Disney's stock? Maybe it did have some impact, but I don't think that explains the entirety of the stock slide, which was already well underway.

If you've had Disney in your portfolio for a decade or two, you've benefited. You got dividends and you got compounding. If you're just jumping into the investment game and you purchased Disney, yeah, you got scratched up a bit, but that's true of a lot of other stocks.

 

[Mikeoxenormous]

I did comment on the topic, the demise of Disney is overstated.

Long after DeSantis is dead and gone Disney will still be raking in money.

And to think that Marxists hate those evil companies that make obscene profits while their employees are treated like slaves. Am i right there, GG?

 

[multivita-man]

And to think that Marxists hate those evil companies that make obscene profits while their employees are treated like slaves. Am i right there, GG?

Not everyone who disagrees with you is a Marxist; they're just not a fascist.

 

[Winco]

Disney stock was trading at $133.65 a share when Chapek accused DeSantis of promoting legislation that would "unfairly target gay, lesbian, nonbinary, and transgender kids and families."

Disney was at 197 on March 8, 2021.
Was that before DeSantis started squawking?

 

[Mikeoxenormous]

Not everyone who disagrees with you is a Marxist; they're just not a fascist.

Bwaaaahhhhaaaa.....Oh you should do stand up. It was the Demofascists who burned minority cities, it was Demofascists who murdered each other, it is Demofascists who locked down cities, so they could impose their power upon the citizens. In other words, fuck off dickwad. Marxists are the same as Communists/Socialists/Fascists/Democrats....

 

[struth]

I did comment on the topic, the demise of Disney is overstated.

Long after DeSantis is dead and gone Disney will still be raking in money.

um if they are valued at 33 percent less…um

are you really that blind to reality?

 

[Mikeoxenormous]

um if they are valued at 33 percent less…um

are you really that blind to reality?

Does this help you understand the way Gulping Gator thinks...

 

[easyt65]

Disney stock down 33% since starting their beef with Florida in 2022​

HEY, I'm from Bud Light, she's from Target, he's from North Face...we're all dropping because we embraced the whole transgender thing. What are you doing here, Disney?

- I took on DeSantis.

 

[Harpy Eagle]

And to think that Marxists hate those evil companies that make obscene profits while their employees are treated like slaves. Am i right there, GG?

They just might, I cannot really speak for them.

Being a capitalist myself I just love them as they make me money as well.

 

[Harpy Eagle]

um if they are valued at 33 percent less…um

are you really that blind to reality?

Their stock is down 33%, the value of the company is not down 33%.

 

[Mr. Friscus]

It was also coming off of an artificial high. There was already downward pressure on Disney's stock. People think of Disney as Magic Kingdom, but it's a media company, and in 2021/2022 people were getting off the couch and back into the real world.

Did the "woke" stuff impact Disney's stock? Maybe it did have some impact, but I don't think that explains the entirety of the stock slide, which was already well underway.

If you've had Disney in your portfolio for a decade or two, you've benefited. You got dividends and you got compounding. If you're just jumping into the investment game and you purchased Disney, yeah, you got scratched up a bit, but that's true of a lot of other stocks.

Hey, you can try to say 33% of something isn't a significant number, and belongs in the ebbs and flows of a year... but I don't think much others outside of your "defend Disney's bad numbers because it's woke" bubble will buy it.

 

[Mr. Friscus]

View attachment 789345

Hardly a bomb, 4th movie for the year so far.

I think nobody understands why you're so invested in the Little Mermaid doing well (time will tell if they make true money)

Do you know someone who acted in it?

 

[Harpy Eagle]

I think nobody understands why you're so invested in the Little Mermaid doing well (time will tell if they make true money)

Do you know someone who acted in it?

I am an anti-racist as such it just bugs me how many of you racist pieces of shit are so pissed about a black mermaid.

Thus I am happy when it turns out there are less of you than I thought.

 

[Mr. Friscus]

um if they are valued at 33 percent less…um

are you really that blind to reality?

I'm pretty sure Golfing Gator would be thet guy on the Titanic who was trying to calm the people saying "REMAIN CALM! STAY IN YOUR CABINS!!"... the same people who saw water spilling through the hallways and overheard from staff that the hull had been breeched...

 

[LeftofLeft]

It’s fun watching Disney shit itself. Florida pushes back on them…. Where else are they going to go?