Walt Disney Co. (DIS)

It reports Wednesday. Hurricanes impacted last quarter and the LA wildfires could impact the forecast in this quarter. But all else is hitting on all cyclinders incuding linear TV. Could be putting recent weakness behind them, and shares are historically cheap.

Streamers, including DIS, will work in 2025, unlike in previous years.

Happy with results this morning. Increased profitability from streaming. Struggling lower- and mid-income consumer impacting park revenues; probably a short-term concern. Phenomenal content library.

A definite hold, though you can probably add to it here. It reports Thursday and he wants to hear how the streaming business is going, and are the theme parks recovering. A lot of things 

Disney reports next week. It ranks 4 out of 4 in streamers in terms of making, but still feels that CEO Iger is doing a good job in taking out capacity.

ESPN is now stable, their movies are on fire, their cruises are coming, but theme park attendance is hurting them. Also, he wishes they would clarify how much they owe Comcast for Hulu. Shares are up lately, but not enough.

Being diversified helped it withstand all the pressure. Never hitting on all cylinders. Plans for future involve increasing investment in parks, and he'd prefer less cashflow intensive. Turnaround not playing out as he anticipated. An incredibly discretionary expense. 

He sold on strength. Not ready to look at it again. You need to have a long time horizon, and be willing to accept that the business will be more cyclical in future.

Trades at only 18x PE after coming down a lot. He'd buy it today. Shares have come down because of hurricanes hitting their Florida theme park. DIS is doing better than people realize.

Streaming has been less exciting than people hoped. Wandering around in no man's land. Technically, not a great reason to buy unless you're a bottom fisher, and that's a dangerous game. Let things improve before putting $$ to work.

He's counting on profits to be a lot higher than expected next year.

Great company in the sense of quality content. However, large production budgets have really weighed on companies ability to earn profits. Time well tell whether company is ability to earn strong profits. "Parks" division is one aspect of the company is very strong. 

Currently in a tough spot right now. Strong competition from Netflix etc. Direct to consumer segment suffering. Cash flow is down. Content expensive to create. Would not recommend investing at this time. Better options for investors out there. 

His concern is that NFLX is the new TV. None of his kids have TV. Movie theatres, too, may become a thing of the past. His advice is to switch to NFLX.

Really likes, almost made it to today's Top Pick. This quarter saw weakness in parks, but strength in media and streaming. Lots of hidden value, and management's taking steps to realize. Market's so quick to judge, but Iger has improved free cashflow and capital allocation.

The parks business didn't live up to expectations with the lower income consumer in the U.S. not visiting as much as in the past. However the streaming business turned profitable in the last quarter. The CEO is shifting to quality over quantity in the streaming business. Hopefully there will be fewer hurdles going forward.         Buy 33  Hold 10  Sell 1