A stunning loss in company value is being reported by The Washington Examiner for the Disney Corporation. On March 29th, they were valued at over $140.00 per share. By April 22nd they had dropped to $120 per share.
WASHINGTON EXAMINER – “Disney’s stock has lost nearly $50 billion in value since the start of March, when it took a political gamble to oppose Florida’s controversial new education law. Disney’s stock was down more than 2% on Friday and by more than 8.5% over the past few days as Florida lawmakers work to punish the company for wading into the state’s politics. The stock’s market cap has declined by about $46.6 billion since March 1, just days before the company came out against the legislation.” (read more)
A recent poll by conservative-leaning Trafalgar Group [DATA HERE] might explain why: MORE
They have lost over $100 billion in value, about a third, since November. Arguable that their benefited from lockdowns, but most of their theme parks were closed a lot of the time too.
But I think this recent drop is due primarily to their political posturing.
I’ll take What is a good start? for a thousand Alex
Gosh, that’s a shame.
I’m surprised I haven’t read anything about a shareholder lawsuit yet. If I owned stock (never happen!) I’d be eager to get one filed ASAP.
Why does the CEO still have his job after leading them over a cliff? Wake up Disney board and represent stockholders. I know that’s a different kind of ‘woke’ but that’s what you’re there for.
IS JOHNNY DEPP STILL THE STAR OF THE PIRATES OF THE CARIBBEAN RIDE??
ARE THE “PIRATES” STILL CHASING FOOD RATHER THAN WENCHES??
PERHAPS A GREAT NEW ATTRACTION WOULD BE DRIVING AN AUTOBAHN CAR THRU A BLM RIOT
THIS COMEUPPANCE HAS BEEN WAY OVERDUE
Are they willing sacrifice the bottom line for a cause?
Me thinks that the “magic kingdom” marketing theme has gone to management’s heads. They are neither a kingdom, nor are they magical. Reality is going to bite them in the ass.
Fuck You Mouse!
I’m at a gay bar right now and it hurts when I sit on a stool.
Never talk politics with a customer unless he/she starts it.
If you lose that customer because of your convictions, so be it. Just don’t start the conversation on your own.
I do have one lefty customer that wants to start in on politics when I do my service. He’s so frustrated that he has nothing to back-up his positions.
No need to get emotional, very simple to point to references that prove his position invalid. Very often it’s a lefty pol that proves me right.
May it become liquidated, and everyone who destroyed it lose their jobs.
People who bought Disney stock might(!) get less Federal Reserve bits if(!) they sell it, now. And Mickey Mouse is still Copyrighted(TM).
You won’t be missed.
¡BENITO THE BOMBED BEANER!
APRIL 23, 2022 AT 10:30 PM
“PERHAPS A GREAT NEW ATTRACTION WOULD BE DRIVING AN AUTOBAHN CAR THRU A BLM RIOT”
…Dr. Tar kind of covered what that might look like last year…
https://iotwreport.com/its-a-woke-world-after-all/
That’s about 1/10th of the loss that it should be.
To the Leftist perverts running the mouse show this is just the cost of business, but the business is pushing an agenda! Now their stock holders know and the don’t like it! It won’t stop until the board is ousted along with the nest of LBGTQRSTUVXYZ kidde didlers!
They haven’t lost anything until they sell.
And a price fall from $140 to $120 is a predictable road bump.
Until the Board is arrested, tried, convicted, and executed for Pedophilia and the corruption of children, this will continue.
“That which does not kill me makes me stronger” as Nietzsche wrote, is more likely than not true in the corporate world, as well.
mortem tyrannis
izlamo delenda est …
I mute anything that is on ESPN as every, single sports “announcer” now has to interject the company (Disney) woke message on every aspect of anything they say, regardless of which sport it is, race, equity, LBQJTEFT, every subject is bombarded w/woke messaging, why I try and listen to team announcers on Sirius rather than corporate limpdicks parroting their paycheck masters. I hope and pray they lose even more market value and the common share holders file suit to get rid of their current board members for poor stewardship of their investments.
Dumb as a brick, we don’t need their taxes cause we’re stupid. Fake report to make it look like the Florida gov was responsible for pushing their stock down, he was not. Stock prices go up & down, the Dow just lost a thousand points the other day.
Corporations are hardly in business to make money these days. It boggles the mind. Consider all the ESG nonsense floating around wall st and you’ll realize Disney is hardly a one-off. It’s more of a head scratcher when you consider companies with low ESG ratings get very little investment interest compared to those with high ESG ratings, especially since ESG goals do NOT actually make companies any goddamn money but force them to spend more vis a vis diversity hires and green scam nonsense.
As much of a delight it is to see Disney take it in the ass right now, I wouldn’t be a bit surprised when a few months from now they break out to new all time highs. We saw the same with Nike.
I’m glad I was a Loony Tune kids growing up. I never liked that little rat.
Do I hear 46 billion more?