Author Topic: DIS - Disney  (Read 46676 times)

glorysk87

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Re: DIS - Disney
« Reply #10 on: March 24, 2016, 02:32:23 PM »
Selling around 10x EV/EBIT (gurufocus).

Its selling around 20 P/E with huge tailwind of shanghai park opening soon, ginormous real estate investments (carried way below cost).

The Disney machine is a money-suck that appeals to all ages, demographics and geographies.

I foresee a huge runway ahead and ever increasing global demand for its products (giant middle class emerging in developing world).

ESPN has great brand value. I don't really see it going anywhere long-term. Minor setbacks w/the content debundling issue imo.

I disagree. ESPN has great brand value, sure. But brand value can only carry you so far.  If you look at affiliate fees for various channels, ESPN is at the top of the list. Their affiliate fees are orders of magnitude higher than most other channels.  The bulk of the channels out there charge between $1 and $2 per subscriber in affiliate fees.  ESPN charges over $6.  Add in the plummeting ratings and you have a very solid recipe for significant price declines at ESPN.  I don't think it's crazy to say that the affiliate fees for ESPN should be closer to $4, or lower.  That smashes the operating income derived from ESPN, which is a significant portion of Disney's Media Networks income.


buylowersellhigh

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DIS - Disney
« Reply #11 on: April 04, 2016, 02:25:12 PM »
COO Stepping Down



Disney's Operating Chief to Leave Company--2nd Update
 
DOW JONES & COMPANY, INC. 4:22 PM ET 4/4/2016

Walt Disney Co. (DIS) said Chief Operating Officer Thomas Staggs, who had been considered a candidate for chief executive, will step down on May 6.

Mr. Staggs will be a special adviser to Chief Executive Robert Iger through this fiscal year, which ends around the beginning of October. Reasons for his departure weren't immediately available.

"With approximately two years left before Mr. Iger steps down as chairman and chief executive officer, Disney's(DIS) board of directors will broaden the scope of its succession planning process to identify and evaluate a robust slate of candidates for consideration," the company said.

Mr. Staggs, who has been with Disney(DIS) for 26 years, was named chief financial officer in 1998 and held the post for 12 years. After that, he traded jobs with Jay Rasulo, then head of Disney's(DIS) parks and resorts division.

The selection of Mr. Staggs as operating chief in early 2015 appeared to sideline Mr. Rasulo, his main rival for the CEO post. In June 2015, Disney(DIS) said Mr. Rasulo would step down. Later that month, it said Treasurer Christine McCarthy would become CFO.

In February, Disney(DIS) reported record quarterly earnings on the huge box office for "Star Wars" and a 9% revenue increase at its theme-park segment.

An important focus for investors has been the effect of "cord-cutting" on Disney's(DIS) cable business, particularly sports giant ESPN(DIS). ESPN(DIS) lost subscribers and higher programming costs, but Mr. Iger said in a conference call after the earnings report that ESPN(DIS) had experienced an uptick in subscriber numbers in recent months.

rogermunibond

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Re: DIS - Disney
« Reply #12 on: April 05, 2016, 06:48:18 AM »
It seems like both of the men who had been the presumptive heir-apparents for Iger would have failed the board's issues with content/creatives management.  It seems like both Rasulo (Parks then CFO) and Staggs (CFO then Parks) while strong in operational experience and finance didn't have the backing of any of the following:  WD/Pixar Animation Studios (Catmull and Lasseter), Alan Horn (WD Studios), Disney-ABC TV (Ben Sherwood).  If that was the case, then it begs the question as to WHY? the board and Iger didn't have an internal creative exec who they could also move into Parks and then CFO to give them the full breadth of skills needed for the CEO job?!


giofranchi

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Re: DIS - Disney
« Reply #13 on: June 10, 2016, 07:56:19 AM »
I like DIS for almost the same reasons I like NKE, and I have opened a relatively small position. DIS today is cheaper than NKE, with a forward P/E of 16. And during the last 10 years it has increased earnings at an even faster CAGR than NKE: 15%.
Just like NKE, DIS is very little indebted.
What's not to like?

Cheers,

Gio
Portfolio: AAPL, AMZN, BABA, BOSS, BRK.B, FB, FFH, FIH.U, FINX, FWONA, GOOG, IBB, JPM, LBRDA, MKL, NKE, QQQ, SFTBF, SMH, TCEHY, V, XBI, XT

LC

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Re: DIS - Disney
« Reply #14 on: June 10, 2016, 12:10:53 PM »
welcome to the world of boring garpy stuff, geo :D
i am also looking at disney
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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fareastwarriors

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Re: DIS - Disney
« Reply #16 on: July 10, 2016, 06:09:12 PM »
When Walt went to China

Disney’s theme park in Shanghai promises a ‘rain of renminbi’ — but also fuels paranoia about American cultural dominance

http://www.ft.com/cms/s/2/f87b5de6-3895-11e6-9a05-82a9b15a8ee7.html

JBTC

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Re: DIS - Disney
« Reply #17 on: October 02, 2016, 07:19:22 AM »

Does anyone think sports is in a bubble? Team prices, tv deals, ticket prices, and just about everything else related to them. It seems like more average folks are big sports fans now than even 10-15 years ago. It almost seems like a fad for the average person.

Curious if anyone has seen data on this - one would assume growth in sports is secular in general. If not, what factors could cause people to lose interest in sports over time?


SlowAppreciation

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Re: DIS - Disney
« Reply #19 on: October 06, 2016, 09:30:36 AM »

Does anyone think sports is in a bubble? Team prices, tv deals, ticket prices, and just about everything else related to them. It seems like more average folks are big sports fans now than even 10-15 years ago. It almost seems like a fad for the average person.

Curious if anyone has seen data on this - one would assume growth in sports is secular in general. If not, what factors could cause people to lose interest in sports over time?

http://www.wsj.com/articles/ratings-fumble-for-nfl-surprises-networks-advertisers-1475764108