A couple months ago, Disney was selling for almost exactly the same price it sold for ten years ago.
Since the USA had 30% inflation over the last ten years, that is not encouraging.
Posted on 12/25/2023 3:19:57 PM PST by logi_cal869
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.
Loftis criticized Disney’s embrace of Environmental, Social, and Governance (ESG) criteria, arguing that it deviates from the core principles of investing.
"People sometimes forget that ESG has nothing to do with investing,” he said. “ESG is a speech and behavior code that was … created by the left and delivered to everybody else under these virtuous circumstances, or presumed circumstances."
The most significant issue according to Loftis, however, lies not in the policies themselves but in the individuals at the helm of the company.
(Excerpt) Read more at moneywise.com ...
Let us hope so.
I sure am glad to have you reporting the facts vs. the stated intent of a State Treasurer.
Can homosexual propaganda targeted at children really be described as “structural rot”?
I sold my Disney stock years ago, once I saw it starting down the woke path.
But if other companies divest...and Disney continues to lose monies...its stock value drops and people will invest in less woke companies and Disney’s fiduciary responsibility outpace income...it could go doooooowwn the tubes.
Keep up the defunding of Disney...they really offer very little to a good quality of life.
Time to sell DIS?
Last minute entry for the dumbest question of the year contest.
Look at the PE ratio. Nothing else to know.
Those Disney Smarty Pants officials have missed the real animus that resulted in their “problem”.
A couple months ago, Disney was selling for almost exactly the same price it sold for ten years ago.
Since the USA had 30% inflation over the last ten years, that is not encouraging.
It’s the cascading effect this will have that is significant.
This is what happens when you let the alphabet people out of the closet.
Disney didn’t notice how woke and gay days causes structural rot let it fold.
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