DIS
The Walt Disney Co.
TMT, Consumer
04/13/2018
Presented
| Date | 04/10/2018 |
| Price | $101.37 |
| Market Cap | $154.18B |
| Ent Value | $189.87B |
| P/E Ratio | 14.38x |
| Book Value | $28.86 |
| Div Yield | 1.66% |
| Shares O/S | 1,521.00M |
| Ave Daily Vol | 8,266,915 |
| Short Int | 1.41% |
Current
| Price | $94.22 |
| Market Cap | $170.88B |
| The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through four business segments: Media Networks, Parks & Resorts, Studio Entertainment and Consumer Products & Interactive Media. The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations. The Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. This segment distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The Consumer Products and Interactive Media segment licenses the company's trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers throughout the world. It also develops and publishes games, primarily for mobile platforms, and books, magazines and comic books. This segment also distributes branded merchandise directly through retail, online and wholesale businesses. The Walt Disney was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA. |
Publicly traded companies mentioned herein: Alphabet Inc (GOOG, GOOGL), Amazon.com Inc (AMZN), Apple Inc (AAPL), Charter Communications Inc (CHTR), Comcast Corp (CMCSA), Facebook Inc (FB), Netflix Inc (NFLX), Twenty-First Century Fox Inc (FOX), Walt Disney Co/The (DIS)
Highlights
The presenter is short shares of Walt Disney (DIS), seeing an overly optimistic view from the market on DIS’s OTT efforts despite the more difficult content environment. In his opinion, DIS’s OTT rollout could actually prove dilutive to earnings while failing to address revenue headwinds. This coincides with issues facing ESPN (in the form of its Monday Night Football contract and profitability), increased competition from Netflix and big tech players, and cyclicality in content trends. The Fox acquisition does not appear to adequately address these issues, and he believes DIS shares will eventually slip out of the $100 - $120 band that it has traded in over the past three years, down to the $80 level.
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