carolsherman
DIS Veteran
- Joined
- May 29, 2000
Yes you got that right
He raised prices while simultaneously cutting services, and he took Disney into the political arena.
Great maybe he will undo all the dumb rides he made and Eiger will bring back the magic that Walt created
. Great move disney
Right!!! And we haven't been paid a dividend in 2 years or is it 3 now? Why they renewed that man's contract I will never know!
....Right!!! And we haven't been paid a dividend in 2 years or is it 3 now? Why they renewed that man's contract I will never know!
I've owned the stock for over 30 years. It is one only a few I own and we bought it because we love Disney - we had an opportunity and purchased some. My main investments are in other forms and doing much better than my stocks.....
is there another stock you have that is performing well in this market you wishes you had invested more into instead?
you do realize like.....what the market is right now right?
also what were your reasons for purchasing this stock in the first place versus other stocks?
The last dividend paid was $0.88 per share on 01/16/2020, almost 3 years.Right!!! And we haven't been paid a dividend in 2 years or is it 3 now? Why they renewed that man's contract I will never know!
This is correct. DIS has underperformed the S&P 500 significantly, all while the demand for it's product is at an all time high. It is clearly poor management. I think Iger understands the importance to keep the brand a premium product and that you can't just raise prices endlessly while slashing the quality of the product. This is good news for the parks and cruising.I've owned the stock for over 30 years. It is one only a few I own and we bought it because we love Disney - we had an opportunity and purchased some. My main investments are in other forms and doing much better than my stocks.
Yes, the market is down I understand that but a 50% drop is not just the market - it is from a company that had historically been a good investment to now being listed as a sell or hold and when the die hard fans who support Disney no matter what start saying No - you have big problems. When they put paycheck in place everyone knew he was doing to nickle and dime everything but he did it at the cost of the loyal base. When DVC, AP holders and locals stop coming, you lose what keeps you afloat in the bad times. And that has been happening.
Don't get me wrong - running a billion $ industry is not easy, and I wouldn't want that responsibilities but the signs have been there for a while, and the voices have been ignored. In my opinion the board seemed to be content to let it continue when they renewed his contract after the company lost 50% of it's value. That was a red flag everyone seemed to ignore.
This is correct. DIS has underperformed the S&P 500 significantly, all while the demand for its product is at an all time high. It is clearly poor management. I think Iger understands the importance of the Disney brand and that you can't just raise prices endlessly while slashing quality. This is good news for the parks and cruising.I've owned the stock for over 30 years. It is one only a few I own and we bought it because we love Disney - we had an opportunity and purchased some. My main investments are in other forms and doing much better than my stocks.
Yes, the market is down I understand that but a 50% drop is not just the market - it is from a company that had historically been a good investment to now being listed as a sell or hold and when the die hard fans who support Disney no matter what start saying No - you have big problems. When they put paycheck in place everyone knew he was doing to nickle and dime everything but he did it at the cost of the loyal base. When DVC, AP holders and locals stop coming, you lose what keeps you afloat in the bad times. And that has been happening.
Don't get me wrong - running a billion $ industry is not easy, and I wouldn't want that responsibilities but the signs have been there for a while, and the voices have been ignored. In my opinion the board seemed to be content to let it continue when they renewed his contract after the company lost 50% of it's value. That was a red flag everyone seemed to ignore.
I think Iger understands the importance of the Disney brand and that you can't just raise prices endlessly while slashing quality. This is good news for the parks and cruising.
I'm overjoyed that Paycheck is gone, but I'm not convinced Iger returning is going to make everything better. Many of the things that everyone hates were in planning stages under Iger and were just implemented by Chapek. I'll wait and see what happens before celebrating Iger's return. Also, I doubt Iger will be here for very long. I think they brought him back to try to stop the hemorrhaging and will be looking for another, more competent (ETA: as in more competent than Chapek), replacement for him.
Yep! When I first saw it posted last night I did the same thing (then double-checked the date of the article . . .)For a split-second, I literally wondered if today was April 1st.
Very valid points all around. The article I read last night didn't mention the two year time frame, but it's what I would expect.Fair points, but I still think there is a significant difference in their approaches. Iger is more on the creative side from all reports. Imagineers reported that he actually knew who they were and what they were contributing, while Chapek never even met most of them.
To your other point, it has been announced the Iger is coming back for two years to help find and prepare a successor. It does worry me that he wont' have the bandwidth to make significant improvements while trying to do that. But I still think it is a positive move overall, and it should at least stop the bleeding. The note he sent to employees, first thing, speaks to a different approach. The board must be seeing the many reports of unhappy customers and will hopefully find a different type of successor this time too. They can make much more money for the company by focusing on quality and expanding availability of their products, versus cost cutting.
Fair points, but I still think there is a significant difference in their approaches. Iger is more on the creative side from all reports. Imagineers reported that he actually knew who they were and what they were contributing, while Chapek never even met most of them.
To your other point, it has been announced the Iger is coming back for two years to help find and prepare a successor. It does worry me that he wont' have the bandwidth to make significant improvements while trying to do that. But I still think it is a positive move overall, and it should at least stop the bleeding. The note he sent to employees, first thing, speaks to a different approach. The board must be seeing the many reports of unhappy customers and will hopefully find a different type of successor this time too. They can make much more money for the company by focusing on quality and expanding availability of their products, versus cost cutting.