Kolek planning to go pro
Somewhat halfhearted here, but .. I think we can all agree that average America's financial acumen isn't high. Imagine the cable or phone industry, if they had to quote prices in annual numbers. Your cable bill isn't $135, it's $1,620. That's real money.Your kid wants a cell phone? You gripe about a $60/month fee but you say hell no to $720 a year.Everything is affordable if you boil it down to a daily figure, eh. For just $25 a day, you too can drive a Jaguar! That's pennies a minute! You can find that in your couch.
Interesting article ..https://www.techdirt.com/articles/20160114/06532833339/56-would-drop-espn-heartbeat-if-it-meant-saving-8-month-cable.shtmlWish we'd pass a law .. no quoting of anything in monthly periods.$8 a month is squat. If they phrased it $96/year, that 56% would be 86%.
Disney briefly traded under $100 today. Down 15% since Star Wars was released.The movie release is turning out to be a great sell signal.
The whole market is down considerably, how you can ignore this is silly.
ESPN subs grew as I said they would last month. Earnings way over expectations. Market over reacting, but nothing they can do about that. Buying more DIS today.
http://awfulannouncing.com/2016/disney-stock-takes-hit-despite-greatest-single-quarter-in-history-thanks-to-espn.html?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=disney-stock-takes-hit-despite-greatest-single-quarter-in-history-thanks-to-espnI think it's an industry bubble not just ESPN. Note that CBS has been down as well.Costs can't keep going up while revenues flatten or decrease
Revenues are actually up. That's why the irrational stuff going on is funny to watch. The whole market is on pace to lose double digits this year. Barrons just listed Disney as a BUY, as did a number of other analysts. Great company, great assets, strong earnings, revenue up, dividend paying stock, etc.
Disney's revenues are up, ESPNs are not. I'm not fighting you on Disney at all.
Recently from WSJ:http://blogs.wsj.com/moneybeat/2016/02/25/media-stocks-just-how-bad-is-cord-cutting/?mod=yahoo_hs
3 to 5 years you know what is going to happen to a stock? Lol
Once markets opened this morning, DIS didn't even go down to 100 and it fairly quickly rebounded to 102.So despite an earnings report seen as catastrophic by some, the price of DIS still sits about 15% higher than it was when Heisy's hedge fund guru suggested it was time to go short.Again, I don't even own DIS. Not a single share. But I am leery of both outsized optimism and pessimism when it comes to any stock. Mr. Market is a funny dude. A company like DIS posts some impressive profits but misses analysts' sky-high expectations by 4 cents a share, so it gets punished by traders. Another company can lose money big-time but because its loss is a penny less than analysts expected, its stock price soars.Is DIS "dead money," as Heisy claims? Maybe. We won't know for years. Based on the moolah it is still raking in hand over fist, however, Disney looks like anything but a dead company to this objective observer.
He sold it at $116
Hmmm ... he wrote in February that he was short at $89 but somehow mysteriously he ended up long and eventually sold for a profit. Interesting.Either you felt compelled to report his short to us here at Scoop to support your thesis but then did not feel equally compelled to report him abandoning his short position and then going long ... or something is rotten in Hedge Land.