DIS (Update)

Walt Disney Company

TMT


Presented:11/05/2018
Price:$116.71
Cap:$173.58B
Current Price:$94.22
Cap:$170.88B

Presented

Date11/05/2018
Price$116.71
Market Cap$173.58B
Ent Value$181.47B
P/E Ratio14.7x
Book Value$30.73
Div Yield1.44%
Shares O/S1,487.24M
Ave Daily Vol7,021,330
Short Int1.76%

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.

Please note, this is an update to The Walt Disney Co (DIS) - Short, which was presented on April 10, 2018.

Publicly traded companies mentioned herein: Netflix Inc (NFLX), Walt Disney Co/The (DIS)

Highlights

The presenter remains short shares of Disney (DIS) and said, “Not much has changed since the original presentation, except the price is now at the upper end of the range [I] called out.” At $116 - $117, up ~15% despite the turmoil seen in the market during October, he sees a more favorable risk/reward. If the market is willing to derate NFLX, he reasons that there is a high risk of DIS derating too.

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Idea Discussion

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