Nonsense Hammerstone. Ask yourself, “when did the Dis board begin to care about shareholders again?” after Peltz threatened proxy, duh. All of a sudden after two years of spending and losing millions on woke movies, the studio pres “steps down” and Iger announces doc’s back on, new buyback program and tons of cost cutting! Ask yourself, “Why weren’t these measures taken in latter 2021 or al of 2022 when there stock dumped from $204 to $77?! Iger was too busy selling all of his stock. You mentioned “skin in the game?!” Iger sold 80% of his shares and Peltz called out how under owned Disney is by its own board! Anyway, all boards that underperform to this degree deserve an outsider to step in. Thank god he got involved!
rikflaire
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All boards need to be held accountable for their performance which is the very purpose of what activists do. Dis board doesn’t deserve a second chance. There’s no excuse for 2 years of underperforming. The stock was $140 in 2018 and $204 in 2021. Now we’re happy with the stock at $110 because of rose from $80?! It shouldn’t have dropped below $150 people! Let’s get back to profitability and please no more woke bullshit
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Of course Trian/blackRock will have a couple months to convince shareholders. In my view the Disney board had 2 years to turn the ship around and didn’t. They still haven’t put forth a convincing path for ESPN and or keeping dying assets like ABC. Meanwhile they continued producing work blockbuster movies and paid Iger $30 million last year for the worst stock performance in the company’s history!
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April 3 is the day of reckoning for the Dis board! The stock will have a run up into this day so any meaningful dip below $110 should be bought! Either way investor day will be a win-win, but much more upside if Peltz prevails. If Peltz loses the board’s direction of woke content and lackluster performance will be vindicated and hence continue at the pa e of their choosing. Activists will have been defeated stemming off other activists from prioritizing profits over politics. However, if Peltz wins Disney stock will benefit from better synergies with ESPN, further stock buybacks/div hikes and will stop any further (woke) content from being produced
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Next month there WILL be a board shake up. Peltz will most likely get a seat on the board which is a good thing. The stock price will only go higher with people more focussed on profits over politics
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Probably a good level to buy more. Iger didn’t really offer anything new at yesterday’s Q&A. The Q&A session was totally unnecessary since he already covered everything onto last earnings call which was just a couple weeks ago. This will for sure be in a trading range $106-$113 until next earnings in a couple months.
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He should’ve given predictions of how many subs Taylor Swift’s movie is expected to bring….if he said “several million new subs” the stock would’ve sustained itself at $115
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Down 5% from yesterday’s high and literally nothing has changed. Looks like a retest of $106 is coming. Absolute shame Iger didn’t announce anything new yesterday other than the one comment that cost cutting looks to be exceeding $7.5 billion and also currently tracking above estimated profit margin for Q2…..which has only been in play for 3 weeks!
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NumberWang, you’re exactly right! It’s amazing how many woke blockbuster busts they made in a row (and were planning to make) with nobody in the room saying “this isn’t working!”. It took pressure from an activist (Peltz) for the board to care about shareholders
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Interview ended. Iger did what was expected to reassure the shareholders that there are many catalysts on the way especially with Dis+ moving to profitability and their movie slate going to end 2024 with a bang!
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Snow White was made under the old studio pres who’s now gone. It will surely be another woke flop (like Peter Pan, Buzz Light Year and Little Mermaid). All it does is destroy priceless content.
This is actually the perfect situation for “activists” to step in! Imagine where Disney would be in a few years if nobody pressured change? Their entire library of content would be ruined -
Pressure from Peltz/Trian is the entire reason Iger and the board are finally getting the ball rolling on cost cutting, share buyback program, dividend hike and influenced deal for ESPN/Penn online gambling. The studio is FINALLY moving away from green lighting woke movies like The Marvels and shows like Echo.
The board was totally complacent and had two years to implement the new path. It’s not a coincidence it’s all getting done before the proxy. Thank you Nelson Peltz! You get my votes! -
This will run into the close with Iger taking the stage tomorrow! Nobody wants to miss out on the next 3-4% is easy money!
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$114 baby! Now that $113 hurdle has been cleared there should be further runway to $118. As the Morgan Stanley analyst said, now’s the time to “LOAD UP!”
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Q&A tomorrow with Iger will shed light on Taylor Swift debut on the 14th and benefits to Dis+ reaching profitability. It’ll be a record breaking event which will pull forward many subs and I expect the stock to be $120 by the 14th. Easiest money is made now with all the catalysts set for the future!
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I meant Bob Iger will pump…
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Over will pump the stock huge tomorrow at the Morgan Stanley Q&A. Guaranteed to offer more bullish statements towards Dis + reaching profitable earlier than year end!
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Took 12 months to break resistance at $113 and then immediately retreat?! As long as we close green today to be constructive. Should be $115 with this morning's upgrade to $136
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We did it!!!! $113!!!!! Now it’s time to
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Momentum is gaining for a test of $113….we brake it we’re going to $115 easily
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