I don't feel bad for you or any of the other delusional DIS "investors" chasing an outrageously valued equity, Feel good investors (Cramericans") thinking investment research consists merely of finding a company you know and like. or declaring a company "best of breed". Compare DIS to any of its peers, in amusement parks, media or broadcasting, it's way overvalued even in a broader market which is too richly valued.
The market won't correct until the foolish money chasing extreme valuations has been burned off. Hence I feel no pity for people like you.
In the meantime, speaking of childish, do you read the rah rah posts on this board about the latest Star Wars retread?
Supporting it on down days. That's okay, when the bottom falls out this won't have any support and will free fall back to a realistic valuation. Lots of empty air underneath.
Sorry, trying to play the volatility of a market clearly in decline isn't my bag. It's like trying to pick up some pocket change from the ground in front of an approaching bulldozer. Valuations will return to reasonable levels. They always do.
Good investment buying it after the 2008 market meltdown. I concede that the party on this went on a lot longer than it should have, thanks in large measure to the fed pumping the stock market bubble.
Nevertheless, the people holding it here/buying it here are clearly fools. I'll stand by that.
Hardly a paper guy or a trader. A sophisticated investor, yes. I may miss the upside feel good action, but I don't lose my money chasing foolish investments.
There's a lot of hot air baked into Disney, 3.5 times revenues, book and 20 times peak earnings. A sponge cake so to speak.
Nice try novalueinvstg -
One month ago the Dow was at 17958 and today it closed at 16058, a 10.5% haircut. From the high for the year of the Dow, the Dow has corrected only 12.5% (more to come).
On month ago, near its 52 week high, Disney was at 120.88 and it closed today at 99.51, an 18% haircut. Disney is leading the haircut parade as it rightly should.
The logic of this kind of analysis, however, reminds me of the overweight guy who hangs out with other overweight people because he thinks they make him look thin.
Remember too that the market is ahead of the curve. You will see earnings disappointments soon as predicted by the market. When the bad numbers unexpectedly hit, that's when the real bloodbath begins.
Too many of you feel good investors forget that markets and earnings follow cycles. It is asinine to pay in advance for growth which will never materialize and in fact is just as likely to be disappointment.
Wrong on the facts, wrong on the logic, maybe you should stick with the cheerleading for the Star Wars retread
Couldn't be this many stupid people who have this much cash to burn.
A quarter stinking point when interest rates are near zero. Revealing as to the foundation that present equity valuations are built upon.
Yanks Curt Schilling from the little league world series. That's why the Sneaks of the world love this POS company! No value, of course, but a heckuva liberal propaganda machine.
Sneak, glad to see you still here for the party. Hope you're doubling down at these bargain prices! Your pal, Trash.
Anyone who doesn't see what is going on with this market isn't looking. I don't know how you feel good investors sleep at night.