Walt Disney Co. (DIS)

Going through a rough patch. The parks have become more expensive. Challenges in streaming, playing significant catchup to NFLX. He'd pass. Though valuation is as cheap as it's been in a decade, it's for good reason. EBITDA pressures are building in a lot of different ways.

There is an opportunity for it to turn things around in streaming. But when you're playing the #2 to NFLX, which has already achieved a huge subscriber base and is now pushing price and content, DIS has to disproportionately win in the content creation game. DIS doesn't actually own ESPN right; it has to bid on them. For example, the NBA recently went with AMZN.

She's suffered along with rest of investors. Encouraged when Bob Iger returned, he's got the skill set and track record to get DIS back on track. Streaming will become profitable come September. Inside Out 2 hugely important and doing well. Florida tax situation resolved. Parks have lots of creative content potential. She's giving them more time.

Trades at 20x PE. He's been buying shares. It enjoys box office success and the theme parks.

Absolutely compelling value. Big news is that streaming will break even this year, poised for significant growth. Biggest profit generator are theme parks, which are bustling and booming; insane prices, but parks are full. Earnings should easily grow by 20% for next 2 years. Dividend is back, share buybacks will follow. Incredible content creator. Yield is 0.9%.

ESPN is still growing, but more slowly. Morphing to streaming. Ad revenues are up, and presidential elections are a big boost. CEO succession has been a board issue for sure, a black mark on the company. We'll have to see over the next 12-18 months.

It had a big slide over two years followed by a big rally from $91 to over $120, followed by a pullback presenting a good buying opportunity. Sell if it goes below $95.

She's going to keep holding for now, unsurfaced value. Confidence in Bob Iger, he knows how to make deals and focused on making streaming profitable, which it will be by end of September. Post-pandemic growth in parks is moderating, still generates lots of profit.

It's been a rollercoaster. Their traditional theme park cash flow is being poured into their streamer and TV businesses. They need to reinvest in those parks, which are now expensive. Their films face competition from Netflix. 

How many times is Bob Iger going to come back to save this company? Issue is that they've tapped the well on a lot of their products, needs a creative refresh. Another Lion King? Come on. No one's going to movies. Not winning in streaming. 

Parks business is fabulous. If that were spun off, he'd want to own.

In the long run, you own this. You watch their movies, go to their theme parks and buy their t-shirts for your kids. Their cruises are fantastic. Disney+ has been up and down, but has a new CEO and have raised rates. The ad tier will benefit them. News about sports streaming is very interesting. Lots to like, but will be ups and downs short term.

Legacy company. Making money, diversified segments are mostly working. Board fighting. Stock price perpetually stuck in the mud. Theoretically a great company and brand, but not a great stock. Doesn't see any major catalyst. He's neutral. Doesn't see robust returns anytime soon.

A source says that activist Nelson Peltz is selling his Disney shares. He wouldn't but in fact would buy at these levels.

Nelson Peltz not getting enough credit for activism. Price around $100 is a good place to buy. 

A compelling stock. Phenomenal content. Past the worst of it. Streaming is improving, will be profitable this year. Dropoff from cable is accelerating. ESPN is a big issue. Bulk of earnings coming from theme parks, booming. Whole slew of film releases coming up. Earnings, on surface, were decent. Still generating big cashflow. Breakup value is double what it's trading at.

He forecasts growth in streaming subscribers this year. Everyone is paying astronomical fees to maintain sports rights. DIS is best end-to-end content provider in its space. Will survive and thrive.

He's a holder and a buyer. Just have to live with the ups and downs. It's back to free cashflow generation, can use to continue to build the business. Turned the corner, but still lots of work to do to transition the media business. 

From a loss in streaming a year ago, it broke even this quarter, poised to generate returns. Streaming is the future, ESPN will soon be added.

He sold a lot of shares when activist investor Nelson Peltz didn't get on the board; Peltz would have shaken up the boardroom and instilled some discipline