Silly people smacked $DIS this shortened Friday trade day. It seems that a late Wednesday press release confirmed a 3% y-o-y ESPN subscriber decline due to cord-cutting. Disney President Bob Iger teased that news last August. It shouldn't have been a surprise. It affected $DIS at the open. CNBC had a story on it about 90 minutes before the early market close and true to form there was a -4% dip midway through the on-air reveal. I didn't quite catch it at the absolute bottom, but it was good enough for an early Christmas present with a profit at the close. The idiocy of some sellers failed to recognize the difference between Nielsen numbers and ESPN numbers. Much ado about nothing IMHO. If you want to read the silliness and arguments of pundits -- it should better than some of the college and pro football games this weekend -- go look at Seeking Alpha. Absolutely marvelous or pathetic depending on how you swing. Enjoy. And I saw something that says Disney, this week, raised the licensing fee on Star Wars merchandise. Didn't find the source of the comment, to validate it, but it sounds good. Might be worth watching in Monday's premarket hours and during the day for more buying opportunities. Giddyup.
Disney is one of the companies that I keep looking at. But the ridiculously small dividend yield, PE above 20 and a few other things have kept me from buying. It certainly doesn't seem like a bad buy though, I've just decided to allocate my money into other stocks. But I'll continue to keep my eyes open and good luck with your investment.
I don't view this as a long-term hold. You are right that dividends are minimal. But as a shorter term momo play swing trade for Christmas, Star Wars, etc, I'm anticipating a 10-12% bump. The spanking just made for an interesting entry point since I missed it back at $95.
My trade of the week was EFUT. I bought a little Tuesday morning in the upper $8-ish range after it opened way down from Monday's big spike upward from $6-ish to $12-ish. Bought quite a bit more Wednesday when it was even lower into the $8's. Got a nice Black Friday gift yesterday when it popped up BIG in the mid teens, and I sold it just south of $16.
Very good! I love early Christmas presents. Improves my mood and I forget about politics for a while.
http://www.airlive.net/2015/11/how-to-watch-starwars-theforceawakens-2.html See the new Star War movie 2 days before the US release date... in France. Air France has a deal for you.
Re MOMO Transaction Date Transaction Type Dividend Per Share Shares Transacted Share Price $ Split Ratio Commission $ Transaction Value $ Share Balance 5/11/2016 Buy 10.0000 11.2300 0.00 112.30 10.0000 8/23/2016 Sell 10.0000 20.0000 0.00 200.00 0.0000 9/9/2016 Buy 10.0000 21.9800 0.00 219.80 10.0000 11/4/2016 Buy 10.0000 23.0000 0.00 230.00 20.0000 11/8/2016 Buy 10.0000 23.2500 0.00 232.50 30.0000 3/7/2017 Sell 20.0000 30.0000 0.00 600.00 10.0000
