Table Pounding Buys MAR 2020

[fenders53]

(03-17-2020, 09:58 AM)crimsonghost747 Wrote: Took a look at Disney.
I was surprised to see that their park business was a massive part of their overall revenue and earnings. I really expected it to be smaller compared to the rest. So there is that, and then I do recall some ESPN issues a while back, which are probably only going to get worse now that the majority of sports has been cancelled.

A great company, no doubt about it. And I would have been happy to buy it under $100 before this virus thing happened. But now I'd like to see it fall down further before I initiate a position.

It's an average in sort of deal IMO.  Their streaming service is killing it last report I saw.  The parks will be open before you know it.  They are in warm climates mostly.  Some trips will be deferred rather than cancelled.  I only own a small position.  Not trying to be in denial but DIS will be fine. I'd be OK with some cheaper shares though lol. That said, I can think if a good reason to not buy anything until it trades for a 5 PE just to be safe.