DIS - Disney Emerges Victorious From Proxy Fight And Can Return To Focusing On Continued Value Creation

2024-04-04 08:00:00 ET

Summary

• DIS stock has risen approximately 50% over the past six months but dropped 3.1% after a series of proxy votes.
• Activist firms, including Trian Partners and Blackwells Capital, challenged Disney's management but were ultimately defeated.
• Walt Disney's management has made changes and improvements, leading to growth in revenue, cash flows, and reduction in debt.
• This likely won shareholders over and Disney is well on its way to continue delivering on its promises.

Over the past six months, things have gone quite well for shareholders of The Walt Disney Company ( DIS ). Due to a number of reasons, the stock has risen approximately 50% over this window of time. However, on April 3rd of this year, something happened that pushed the stock down about 3.1% for the day. This was the result of a series of proxy votes that, in theory, will have a big impact on the company moving forward. Motion notably, the company succeeded in fending off two major challenges from activist firms. ...

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