Disney: The Iger Premium
The Walt Disney Co. investors welcomed the return of Bob Iger as CEO. In November 2022, Disney’s board announced that CEO Bob Chapek was being replaced by the beloved former Disney CEO. Chapek had a tumultuous 11 month tenure at Disney during which the stock price declined by 40%. Chapek’s time as CEO of Disney […]
Disney: From Stalwart to Show-Me Story
SUMMARY: Disney’s DTC strategy has changed business from a stalwart to a show-me story. Disney’s financial performance and financial metrics have seen a dramatic shift that demonstrates the impact of the DTC business. While management has a plan for profitability for the DTC business, it is by no means a certainty. CNBC played passively […]
Finding Value in Alphabet
SUMMARY: Alphabet’s H1 2022 results have been mediocre which is reflected in the stock’s performance down 36% from its highs in July 2022. Alphabet’s management appears to be turning cautious per recent announcements in the face of uncertainty. The company’s valuation is more compelling than it’s been in years. While we should expect more turbulence […]