03-17-2020, 08:26 PM
(03-17-2020, 10:04 AM)DividendGarden Wrote: I agree with both of you. So at what price would you really load up on DIS at?
I honestly didn't look too much into it, I just saw that it's not at a level where I'm interested so I stopped digging deeper. If it gets down to around $80 then I'll take a closer look.
Basically you need to account for the parks to be closed for the majority of 2020, which I guess would lead to the park section posting negative income. If I recall correctly, it's their most profitable segment.
Then, depending on how long this thing goes on, ESPN is going to get hit big due to no professional sports.
The streaming service had a great start and I see it as an amazing long-term asset.
Of course the company will be fine in the long term once this virus fades away, I don't doubt that. I just think it needs to go further down before I initiate a position. I'm also not a big fan of the sub 2% dividend, it's a very small yield to get in the current environment.