it’s not even close to the same company it was in 2011. The acquisitions its made since then are game changers. Look at how many billion dollar box office movies it had in 2019.
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- Thread starter SoapyCy
- Start date
it’s not even close to the same company it was in 2011. The acquisitions its made since then are game changers. Look at how many billion dollar box office movies it had in 2019.
Don't need disneyworld folks. This roller coaster called the stock market can get you stomach queasy with it's up and downs the way it is.
How many will it have in 2020? Plus their balance sheet has how many more Billion dollars of debt? Curious enough I actually went and checked. $8.6 Billion in 2011. $42 Billion in March.
https://www.macrotrends.net/stocks/charts/DIS/disney/long-term-debt
I know, I know, it's so old school to even glance at a balance sheet.
Nope, no thanks. The pros can't even manage that feat. I mean the CEO said his stock was too expensive and yet it soared right back to before his comments the next few days.
I will say that I'm long a retail $5 stock with little debt and huge short interest and short a larger retailer with a $1,000+ price and $billions in debt. Some of the ratios are pretty similar, the stock price is not.
All the runs up are based on hot air, so this should be expected. P/E ratios overall are the highest since the .com bubble right now.
That plus the fact that no one will be spending $$ this summer, I am saving everything for this fall when it all returns.
Pretty good correlation to when LA said they are keeping the locking down for 3 months...
This is an interesting long-term chart. It kind of shows how the stock market used to play second fiddle to profits and then that has completely flipped to where profits are more important than the actual economy. It also shows a scary gap that is close to or larger than the dot.com bubble.
https://www.zerohedge.com/s3/files/inline-images/Corporate-Profits-GDP-051120.png?itok=I42QIVjs
https://www.zerohedge.com/s3/files/inline-images/Corporate-Profits-GDP-051120.png?itok=I42QIVjs
Little chatter tonight about a Goldman Sachs and Wells Fargo merger, doubt it is true but will be interesting to see what if any impact it has on stock prices.
WF discontinuing all home equity loans seemed like a huge red flag to me. Maybe they failed a stress test?
Wells Fargo looks to be in serious trouble. Who woulda guessed that stealing from your customers is a bad idea? That would be one ugly merger but makes some sense.
Hmm, hadn't seen that yet.
https://www.cnbc.com/2020/04/30/wel...ications-for-home-equity-lines-of-credit.html
I imagine they picked on those loans because they would have to be held on WF books. Just another way for banks to go into a shell when things actually start to turn down.
From the article..."During tough economic times, HELOCs are riskier products for banks because in a foreclosure, the lender who made the primary mortgage is first in line to get paid in a recovery."
I think it is more accurate to say the financial sector as a whole is in trouble.