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Disney beats profit estimates by $0.02 for FQ3

  • Disney (DIS): FQ3 EPS of $1.03 beats by $0.02.
  • Revenue of $11.50B misses by $14M (PR).
Comments (14)
  • DISinvestor
    , contributor
    Comments (17) | Send Message
     
    Looks like THE LONE RANGER would have made the difference.

     

    Thanks Johnny Depp & Company !
    6 Aug 2013, 04:24 PM Reply Like
  • Jason Burack
    , contributor
    Comments (1730) | Send Message
     
    The movie ran extremely over budget.
    6 Aug 2013, 04:30 PM Reply Like
  • db313706
    , contributor
    Comments (213) | Send Message
     
    Yeah it did. Left over project from the previous CEO if I'm not mistaken, poured too much in just to be scrapped.

     

    What's the revenue miss here... something like 0.12%

     

    Some of the worst NBA final ratings in years, a couple movie flops (some avoidable, some not so much), and constantly hashing it out with rival media corps... Call me biased but I do not think a 0.12% revenue miss warrants the panic sell. The downstream pipeline of content and deals being assembled right now is going to be epic. Depending on the Fed minutes tomorrow I might consider bolstering my position.
    6 Aug 2013, 04:53 PM Reply Like
  • financeminister
    , contributor
    Comments (755) | Send Message
     
    I'm praying for some panic selling. I got in at 47 and want to badly add more during good dips and prepare for whatever the avengers and starwars pipeline hauls in over the next two to three years.
    6 Aug 2013, 04:58 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (848) | Send Message
     
    Bingo #financeminister!!! That's the game plan right there. Everything else is just a bunch of noise.
    6 Aug 2013, 05:01 PM Reply Like
  • chopchop0
    , contributor
    Comments (3336) | Send Message
     
    "I'm praying for some panic selling. I got in at 47 "

     

    Yup. Me too. Last fall. Really hope for another day like that today.

     

    DIS is a powerhouse. Another stock in the same space IMO is CMCSA which was a steal under 39 where I bought in June. Essentially competes with DIS in many arenas (Movies, theme parks, content etc). CMCSA has actually outperformed DIS big-time since the recent market selloff in June.
    7 Aug 2013, 08:28 AM Reply Like
  • financeminister
    , contributor
    Comments (755) | Send Message
     
    I also started a position in Time Warner (TWX) - the guys behind dark knight and man of steel. It's my other entertainment play. Since they announced that they are going to follow the Marvel's Avenger's strategy of creating a universe of movies connected to each other, I took a speculative position and it's paying off. I bought in right before man of steel and it's already increased by 15%. I now wish I had bought more.
    7 Aug 2013, 10:44 AM Reply Like
  • DISinvestor
    , contributor
    Comments (17) | Send Message
     
    It's just going to tread water, on the anticipation of LUCASFILM?MARVEL. Basically, this is THE ONLY GOOD NEWS, DIS has had since buying these franchises.

     

    It only took a couple of hours to lose, almost $2.00, the morning after the quarter report.

     

    WHAT THEY HAVE TO SOLVE, is their TOTAL "creative" end of their business, that they are investing LESS in, with Personnel and Creative Thought....

     

    WHY ?

     

    Because if you look through the actual report hard copy, THIS is the only cost, outside of the usual, rising cable rights costs, that is costing them money, each quarter.

     

    IF "THE LONE RANGER" & PIRATES 5 are any indication,

     

    WHERE ARE THE CREATIVE BRAINS IN THE ENTERTAINMENT BUSINESS ?

     

    NOT AT DIS !
    7 Aug 2013, 10:51 AM Reply Like
  • DISinvestor
    , contributor
    Comments (17) | Send Message
     
    Basically, IT SUCKED because DIS DOESN'T HAVE THE CREATIVE PEOPLE or "Team", EMPLOYED THERE TO MAKE THE "RIGHT", PROFITABLE DECISIONS !

     

    THEY ADMIT IT, ANT IT IS is in their OWN QUARTERLY REPORT !

     

    WHERE IS MICHAEL EISNER ????????

     

    DIS has to start hiring talented creative people.
    7 Aug 2013, 10:53 AM Reply Like
  • mobyss
    , contributor
    Comments (1963) | Send Message
     
    I've heard that Disney is now exploring a movie version of "Howdy Doody" starring Tom Cruise as Howdy (now an international spy fighting terrorism and also having campfire sing-a-longs).

     

    Budget is expected to be in the $350 million range...
    6 Aug 2013, 05:30 PM Reply Like
  • zagrebzagreb
    , contributor
    Comments (362) | Send Message
     
    Don't give them any ideas...
    6 Aug 2013, 07:17 PM Reply Like
  • DISinvestor
    , contributor
    Comments (17) | Send Message
     
    This is a perfect vehicle for Bob Iger.
    7 Aug 2013, 10:45 AM Reply Like
  • Philip Saglimbeni
    , contributor
    Comments (484) | Send Message
     
    Disney needs to drop the Depp/Verbinksi combo in an attempt to rekindle Pirates glory, it was played out a long time ago . . .

     

    Still long Disney
    6 Aug 2013, 05:48 PM Reply Like
  • DISinvestor
    , contributor
    Comments (17) | Send Message
     
    DIS is going to actually POUR MONEY INTO ESPN, for it to maintain competitiveness with all of the upcoming streaming competitors.

     

    AND again, DIS is going to have to expend time and money, and get MORE DIS CREATIVE PEOPLE/TEAMS, to do their own job, instead of buying creative properties to exploit.
    7 Aug 2013, 02:36 PM Reply Like
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