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Post by henrycpa on Jul 5, 2023 6:20:22 GMT -5
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Post by SuzanneSLO on Jul 5, 2023 7:57:04 GMT -5
I’m about to sell my Disney stock. Has nothing to do with current management. It has everything to do with tax loss harvesting. The value is lower today than when my basis was stepped up last year. Still the stock has been a good ride for me over many years. I think these shares were about $30-$35/ share when purchased.
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Post by a1000monkeys on Jul 5, 2023 8:07:15 GMT -5
It’s been an absolute loser for the money my kids invested on my recommendation. Glad I didn’t buy any! Lol!
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Post by tomandrobin on Jul 5, 2023 9:34:36 GMT -5
I still have my one share framed, given to me as a gift back around 2007 (ish). I have no other investments in directly in Disney Stock.
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Post by tomandrobin on Jul 5, 2023 9:35:00 GMT -5
Behind a paywall.....me no see um. |
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Post by goofydad13 on Jul 5, 2023 12:21:37 GMT -5
That makes two of us Tom!
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Post by brp on Jul 5, 2023 12:46:07 GMT -5
I still have my one share framed, given to me as a gift back around 2007 (ish). I have no other investments in directly in Disney Stock. Our sole Disney investment is in our points. And that is still paying very ample dividends on an annual basis. The rest is just noise.
Cheers,
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Post by BWV Dreamin on Jul 5, 2023 14:08:14 GMT -5
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Post by mcd on Jul 5, 2023 14:12:41 GMT -5
I didn't read the article because of the paywall, but I have seen what are probably similar articles lately. These opinions are usually based on the forecast for the next 12-24 months. I actually think DIS is a solid hold right now for the next 5+ years years. I have a hard time believing that all the brands and intellectual property won't drive solid profitability long-term. Hopefully Iger will turn around some recent poor management decisions. In saying all that, there are lots of other great investment options out there, so I am not necessarily buying up DIS right now. I just don't think its something you're dumping if you own it. Dunking on Disney seems to be a popular thing lately.
Hard to argue with brp's take though.
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Post by BWV Dreamin on Jul 5, 2023 14:15:26 GMT -5
Well if the forecast is a hold for 5+ years, why own it? Iger is leaving in less than 2 years. The state of Disney and fixing the problems are far greater than what Iger alone can do.
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Post by mcd on Jul 5, 2023 14:20:39 GMT -5
Well if the forecast is a hold for 5+ years, why own it? Iger is leaving in less than 2 years. The state of Disney and fixing the problems are far greater than what Iger alone can do. I subscribe to the buy and hold strategy. That usually means a 5+ year timeframe. I was really trying to say if you already hold it, I wouldn't sell it now. I probably did a bad job of conveying that. |
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Post by maxsdad on Jul 5, 2023 15:58:31 GMT -5
Well if the forecast is a hold for 5+ years, why own it? Iger is leaving in less than 2 years. The state of Disney and fixing the problems are far greater than what Iger alone can do. I subscribe to the buy and hold strategy. That usually means a 5+ year timeframe. I was really trying to say if you already hold it, I wouldn't sell it now. I probably did a bad job of conveying that. I bought some Disney stock at the end of last year at $84 and change for my Roth IRA with the intention of holding long-term. It was a five-year low for the stock, so I liked the timing of the purchase. Even with the drops in price this year, I'm still up 5 to 6% over six months - not horrible. So, I agree with you on the buy and hold strategy. I'm not sweating the short-term downgrades, and I'm still at least a decade to retirement. |
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Post by henrycpa on Jul 5, 2023 17:44:41 GMT -5
I didn't read the article because of the paywall, but I have seen what are probably similar articles lately. These opinions are usually based on the forecast for the next 12-24 months. I actually think DIS is a solid hold right now for the next 5+ years years. I have a hard time believing that all the brands and intellectual property won't drive solid profitability long-term. Hopefully Iger will turn around some recent poor management decisions. In saying all that, there are lots of other great investment options out there, so I am not necessarily buying up DIS right now. I just don't think its something you're dumping if you own it. Dunking on Disney seems to be a popular thing lately. Hard to argue with brp's take though. Fundamentally DIS has a few issues. 1. They are struggling to reach their base in many sectors 2. They are so diversified the kinda lost who they are. I look for ESPN spinoff of some sort to possibly address this as well as something with Hulu. 3. Insitutional investors are really demanding a return of the Dividend. 4. Leadership is in flux. All those add up to a minimum of do not accumulate. Maybe hold but I would argue, that without a dividend why would you give up on 5 years of earnings with that capital instead a selling and taking earnings on other stocks in the interim and get back in at similar value in 5 years if it looks like it is rising. |
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Post by mcd on Jul 5, 2023 18:29:58 GMT -5
I didn't read the article because of the paywall, but I have seen what are probably similar articles lately. These opinions are usually based on the forecast for the next 12-24 months. I actually think DIS is a solid hold right now for the next 5+ years years. I have a hard time believing that all the brands and intellectual property won't drive solid profitability long-term. Hopefully Iger will turn around some recent poor management decisions. In saying all that, there are lots of other great investment options out there, so I am not necessarily buying up DIS right now. I just don't think its something you're dumping if you own it. Dunking on Disney seems to be a popular thing lately. Hard to argue with brp's take though. Fundamentally DIS has a few issues. 1. They are struggling to reach their base in many sectors 2. They are so diversified the kinda lost who they are. I look for ESPN spinoff of some sort to possibly address this as well as something with Hulu. 3. Insitutional investors are really demanding a return of the Dividend. 4. Leadership is in flux. All those add up to a minimum of do not accumulate. Maybe hold but I would argue, that without a dividend why would you give up on 5 years of earnings with that capital instead a selling and taking earnings on other stocks in the interim and get back in at similar value in 5 years if it looks like it is rising. All valid points. I’d agree not to accumulate more shares. It won’t be hard to generate a decent RoR over 5 years at the current stock price. Just my opinion. |
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Post by disney54us on Jul 5, 2023 18:54:25 GMT -5
I subscribe to the buy and hold strategy. That usually means a 5+ year timeframe. I was really trying to say if you already hold it, I wouldn't sell it now. I probably did a bad job of conveying that. I bought some Disney stock at the end of last year at $84 and change for my Roth IRA with the intention of holding long-term. It was a five-year low for the stock, so I liked the timing of the purchase. Even with the drops in price this year, I'm still up 5 to 6% over six months - not horrible. So, I agree with you on the buy and hold strategy. I'm not sweating the short-term downgrades, and I'm still at least a decade to retirement. For a long term plan that may work. They would really need to get their S**t together. It was $200 in late 2021, that’s just not a great outlook for how the wonder of Disney has stumbled. It was closing at &89 and change. Jamie pinpointed all their problems at this point it may take more than 5 years to clean up the mess they made. |
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