I am going to say it until the roosters come home: if you decide to go woke you will go broke.
According to recent financial data and market ratings, Disney’s stock has been downgraded. Additionally, the entertainment giant’s stock has plummeted to a 9-year low.
According to The Epoch Times, “Disney’s stock was downgraded by KeyBanc Capital Markets over fears of stalled growth due to lower attendance at its theme parks and lower streaming viewership, adding there is “more negative than positive [near-term] catalysts.”
#Disney’s stock was downgraded by KeyBanc Capital Markets over fears of stalled growth due to lower attendance at its theme parks and lower streaming viewership, adding there is “more negative than positive [near-term] catalysts.” https://t.co/zncxRQYmUV
— The Epoch Times (@EpochTimes) July 5, 2023
American companies are losing out big by pushing woke narratives, and Disney lost $900 million alone on its last 8 film releases. Despite this, the mainstream media continues to provide cover for these corporations.
Bud Light parent Anheuser-Busch’s stock has lost $27B over Dylan Mulvaney ad fiasco
Target lost $15 billion in market value since 'tuck-friendly' swimwear controversy
Disney lost $900 million on its last eight woke studio releases.
In another words Rolling Stone wrote… pic.twitter.com/vH3HnV5cBQ
— I Meme Therefore I Am 🇺🇸 (@ImMeme0) June 27, 2023
Fox Business had the story:
The analysts’ main concerns included the slow growth of subscribers to Disney+ and Hulu, a possibly too-high price for the new ESPN streaming service, weak theme park attendance compared to company expectations, the company being too ambitious about content distribution profits and shares dropping last year with a similar financial setup this year.
Clay Travis provided this analysis: “In the two years that Disney has been feuding with Gov. Ron DeSantis
in Florida, the Disney stock price has collapsed. Disney stock is now at a nine-year low, the same price it was in 2014, and down by over 50% in the past two years. Shareholders should sue over this woke bullshit and poor management. It’s destroying the brand.”
In the two years that @disney has been feuding with @GovRonDeSantis in Florida the Disney stock price has collapsed. Disney stock is now at a nine year low, the same price it was in 2014, and down by over 50% in the past two years. Shareholders should sue over this woke bullshit… pic.twitter.com/2WkdUQqhZ3
— Clay Travis (@ClayTravis) June 26, 2023
Here is a snapshot of Disney’s stock price at the time of this writing. The stock has been trading in a range for roughly a year now that represents the accumulation phase of a broader downtrend.
The Epoch Times provided this quote from analyst Brandon Nispel:
“While Disney appears less expensive versus its historical average, we believe the stock is unlikely to work until a number of items have line of sight to being resolved.”
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