Disney is 3 years away from approaching their 100 year anniversary amidst arguably the worst curve ball the company has faced, a global pandemic. Cruises, theme parks, and movies have been absolutely crushed along with their revenues from these operations. Don't forget Disney also owns ABC, ESPN, and FX Network. The good news is, theme parks have begun to slowly open following strict protocols, Sports are beginning to pick up and the NBA especially has done a great job with their bubble in Orlando. The NBA Finals alone brought in $288 million in advertising revenue in 2019. The Super Bowl drew $336 million in 2019. The highest mark the NBA has brought in ad revenue for the finals over the last five years was $366 million. NBA viewership is currently 49% higher than the 32 million that tuned in during the first 12 days of the season which is great news. Aside from a majority stake in Hulu (not doing as well as hoped), Disney+ is absolutely crushing it with over 60 million subscribers so far, just so you can compare, Netflix has over 180 million, so there is still plenty of room for growth.
Disney has also secured some more cash at the current rates:
$1.75 billion due five years from now, in 2025, carrying an interest rate of 3.35%.
$500 million due in seven years (2027), with an interest rate of 3.7%.
$1.25 billion due in 10 years (2030), with an interest rate of 3.8%.
$750 million due in 20 years (2040), with an interest rate of 4.625%.
$1.75 billion due in 30 years (2050), with an interest rate of 4.7%.
TA:
At the moment, we're noticing a possible cross on the daily MACD to the downside. The histogram already broke below on Friday. If it dips, we like the $122-$117 area closing that gap for buys if we get to that range. Any break below the $117, and next stop we would look at $109 for support. The current Gap was a runaway gap, so there is a possibility we don't get there. Either way we'll be watching closely if the opportunity presents itself.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise
Disney has also secured some more cash at the current rates:
$1.75 billion due five years from now, in 2025, carrying an interest rate of 3.35%.
$500 million due in seven years (2027), with an interest rate of 3.7%.
$1.25 billion due in 10 years (2030), with an interest rate of 3.8%.
$750 million due in 20 years (2040), with an interest rate of 4.625%.
$1.75 billion due in 30 years (2050), with an interest rate of 4.7%.
TA:
At the moment, we're noticing a possible cross on the daily MACD to the downside. The histogram already broke below on Friday. If it dips, we like the $122-$117 area closing that gap for buys if we get to that range. Any break below the $117, and next stop we would look at $109 for support. The current Gap was a runaway gap, so there is a possibility we don't get there. Either way we'll be watching closely if the opportunity presents itself.
Give us a follow and shoot us a Like for more analysis updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise