Disney In Huge Trouble -- Even The CEO Knows It -- Is A Turnaround Possible? November 8, 2022

This is not an investment. No recommendations. Usual disclaimers apply.

Without question, it's a stock picker's market. Huge.

Streaming: link here. Streaming wars.

Disney: in huge trouble.

Even the CEO knows it.

It's no longer content. It's "different" content.

Tim Cook figured that out years ago.

By the numbers:

• Yahoo!Finance, link here:
• missed on both top and bottom line;
• higher-than-expected streaming costs (were these costs anticipated?)
• revenue: $20.15 billion vs $21.26 billion expected
• EPS: wow --- 30 cents vs 51 cents expected
• Disney+ subscriber net additions: 12.1 million vs 9.35 million expected
• huge beat; how how could they miss EPS forecasts so badly? costs? same problem as META? Apple?
• but look at this:
• the company warned that it expects core Disney+ subscriber growth, along with Hotstart subscriber numbers, to be lower in the first quarter. Oh, oh. Despite all the heavy advertising for new subscribers we're going to see over the holidays? 
  
• parks, experience, consumer products: 7.43 billion vs $7.59 billion expected
• Disneyland Hotel: $700 / night for two adults, no children; no rooms available through end of December, 2022, booking through Disney; third party "hotels" can't do better;
  

 Not a great day on Wall Street ... on a day the market surged (again):

Apparently "huge costs." Does it make sense to "own" all of Disney+ and two-thirds of Hulu? One or the other, and Hulu isn't going anywhere.

 Competing with itself? Is Disney competing with Hulu for subcribers?

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Buffett Can't Be Happy -- Except For The Return To Shareholders

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The Book Page

Just ordered; will arrive tomorrow, from Amazon:

But this is the one I'm struggling over -- trying to decide whether to get it: I don't care for this genre -- business biographies ... but Jack Welch was such a phenomenon. Seven-hundred pages. Based on the review / essay in The New Yorker, Jack Welch was ruthless, but after his heart attack he was a changed man, though he did not admit it, or could not / would not admit it.