Disney is as solid a company as they come, in my opinion. I don't believe that they "lost" the quarter, X-Money. Looking inside the numbers, they had a very nice quarter and it is full steam ahead for DIS.
my family currently at the Anaheim park....Radiator Springs Cars ride is a great hit...... 2 1/2 hour lines am told , even with fast pass all gone by 8 30 am....park is full as per usual....
It seems that some of the "experts" were looking for better numbers, this is true. A least "John Carter" wasn't blamed. Parks and resorts continue to hit homeruns. Not sure what happened with ESPN? I guess they are in between seasons and this could be the answer. College football will certainly boost this branch of DIS.
Watch the downgrades come on the stock. I just read an earnings report in which a quick blurb said ESPN revenue was down. It's the first thing any ANALyst talks about with DIS is ESPN. Doesn't mean it's a trend but something to keep your eye if downgrades start happening.
This beat really has been priced in. The run up this quarter has been very solid. I think Disney is a fine long term company, but I wouldn't be buying on 52 week highs.
You do understand that ESPN carries MLB and NASCAR? Also I've never read where ESPN had a decrease in revenue with the exception of the NBA lockout last year for dollars to be on the decline. Like I said earlier one qtr doesn't make a trend but it's defintely something to keep your eye on. Competiition with NBC Sports and CBS new sports network might be starting to affect some revenue issues.
Some new competition from NBC is definitely a factor I would think. Also everyone has to keep in mind the Olympics are on. While MLB is obviously important, not many want to tune to see Baseball highlights for an hour. In the fall we get football (Huge) basketball, baseball and everything in between.
Also with the NHL rights belonging to NBC, it may drawing more NHL fans/viewers to NBC rather than ESPN, but a sports fan is a sports fan. Just my .02 sense.
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I am long DIS.
Analysts are like weathermen, in my opinion.
Have a great evening.
As someone else put it, you have to look closely at the numbers.
ESPN will pick up again during football season. Keep looking at the big picture!
Also with the NHL rights belonging to NBC, it may drawing more NHL fans/viewers to NBC rather than ESPN, but a sports fan is a sports fan. Just my .02 sense.