PARA - Disney: The Pre-Vote Period Offers Traders Round Trip Shots

2024-03-21 12:00:50 ET

Summary

• The $60 billion capex promised by Disney has yet to be specified by management.
• The proxy vote on April 4th will be a crucial catalyst for the stock's movement.
• The theatrical film business and streaming continue to pose challenges for Disney's profitability.

Above: The parks are bearing the load. The $60b capex promised has yet to be followed up by management specifics as to what and when it will be done.

History provides us with compressed, but workable insights for both sides in the Walt Disney (DIS) proxy fight. Each characterizes the respective combatants bottom line:

For bears - Oliver Cromwell's admonition to parliament in 1653:...

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