FlowBank

1216 days ago • Posted by William Ramstein

Is Disney really a money machine?
Disney was one of those great buying opportunities of April. They've adapted very quickly to covid-19 by streaming content in order to compete more directly against Netflix. Some figures for you; $173.78 market price as of right now, $308.6B Market Cap, Net income is down $2.4 billion in 2020 but revenues are stable around $65 billion, P/E remains above industry average. Park closures is a big hit for the firm but brand value is still high and Disney+ is a big win. Streaming space is saturated, Disney relies a lot on media networks division and TV fees and the movie industry is hit or miss business. Worth it ? https://www.flowbank.com/hubfs/disney.png
#Stocks
DISNEY MONEY MACHINE OR NOT
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