Disney’s Investor Day Is Thursday

On Friday, shares of Disney (DIS) got to a new all-time high. Since March, the Mouse House has gained more than 90%, but the big news comes this Thursday when Disney hosts its shareholder day.

The company will need to be transparent about the struggles ahead, and offer a clear strategy, at Disney’s investor day scheduled for Thursday, according to Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors.

“Management has to address the fact that despite fantastic Disney+ subscribership – 73 million, very impressive – we still need to see a plan for how they’re going to get themselves out of this big hole that they have.

They’ve lost 62% in parks revenue, 51% in studio revenue and we need to see sort of the plan to get up and out of that,” Sanchez told CNBC’s “Trading Nation” on Friday.

Even with a vaccine, Disney could face a slow trudge to normal attendance at its parks, she said.

“Vaccine distribution isn’t expected until about midyear. Does that mean that their parks can get back up to full capacity during the summer months? Those are the questions that need to be answered,” said Sanchez.

The streaming business has done a lot for Disney but it can’t do everything.

Posted by on December 7th, 2020 at 1:02 pm


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