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Disney selectors, pages, etc.
TAFKAP is going to fight this, but here's the reality
By oldedude
December 25, 2023 8:54 pm
Category: Disney

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'Tremendous loss to America': South Carolina is dumping $105M of Disney investments, blaming 'structural rot' in the company — Treasurer warns the sane people are now gone. Time to sell DIS?

“The story of Disney (DIS) has been far from a fairytale of late. Tesla CEO Elon Musk recently called for CEO Bob Iger to be “fired immediately.” And now, South Carolina is pulling its state funds out of the entertainment conglomerate.

According to South Carolina State Treasurer Curtis Loftis, the decision to divest has to do with the company’s management abandoning their fiduciary responsibilities.

I think it's clear to anybody paying attention that there's a structural rot inside of Disney. It's deep, it’s pervasive, and I suspect Bob Iger, since his return as the CEO, now realizes it can't be fixed,” he told Fox Business Digital, adding that it “does not bode well” for the future of the company.

Fox Business Digital reported that the portfolio of the State Treasurer's Office included $105 million in Disney debt securities, which will not be renewed upon maturity. In total, Loftis is responsible for managing $67 billion in public funds.

Those with a brain saw this coming. Other's? notsomuch... Some will still be locked in, and talking about all the reasons "not to dump DIS" but that's as rational as their other posts...

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Comments on "TAFKAP is going to fight this, but here's the reality":

  1. by Curt_Anderson on December 25, 2023 9:31 pm
    If Disney stock prices drops significantly, BUY!

  2. by HatetheSwamp on December 26, 2023 4:43 am

    It'll be years to undo what they've set in place. And, the parks?, I think they've been Bud Lighted.

  3. by Curt_Anderson on December 26, 2023 11:44 am
    If you bought Disney stock one year ago, it was at 84. Now it's at 91.

  4. by HatetheSwamp on February 25, 2024 12:50 pm

    New report shares the concerning reason why attendance at Disney’s theme parks is dropping — they’re becoming a ‘ghost town’

  5. by Indy! on February 25, 2024 7:26 pm

    The weather has always been a factor at Disney. A good day to go if you want to hit a lot of rides is a super hot sunny day. The park is usually a lot less crowded because you are walking around in the sun a good portion of the time. They even advertise that summer is the time for Floridians to go to Disney because we're used to hot weather and the snowbirds are not here. But as I said the first time we went around and around on this Disney thing - the parks are just one small part of the Disney empire. They could close all of them and still turn a profit (and as we've seen - their profits are up even if the parks are "turning into ghost towns."*

    *They're not.

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