They’re hemorrhaging money… and they seem to be okay with that.
For years, we’ve been warning parents to get their children away from Disney. Now, it’s also prudent for investors to get their money away from the woke “entertainment” company as well. The company lost 44% of their market value in 2022 and are showing no signs of changing their corporate direction despite recent changes in management.
An end-of-the-year blockbuster wasn’t enough to salvage their value. According to Breitbart:
Disney’s abysmal 2022 represents its worst year since 1974 when the company’s stock dropped 54 percent, according to Dow Jones Market Data. For 2022, Disney’s stock was the second-worst performing among the 30 companies that comprise the Dow Jones Industrial Average, after Salesforce.com, whose stock fell 48 percent.
Disney has experienced a non-stop parade of bad news in 2022. The company reported surprisingly weak profitability for its most recent quarter, sending its stock in a downward spiral while prompting the abrupt firing of CEO Bob Chapek and the return of former CEO Bob Iger.
Disney also picked an ill-advised fight with Florida Gov. Ron DeSantis (R) over the state’s anti-grooming Parental Rights in Education Law. As a result, Walt Disney World lost its lucrative self-governing status in the Orlando area — a privilege the company has enjoyed for decades.
They DESERVE IT !!!!! Take Notice ALL You WOKE !!!! In America You Go Broke !!!!!
That’s Several New Cruise Ships they could have had !!!!!!! LOL LOL
Drop in the bucket to them !!!!!