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Old 08-26-2023, 07:38 AM
Robbb Robbb is offline
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Quote:
Originally Posted by Pairadocs View Post
HandyGrandpap;2249108]Nine year low today at $82.
Parks cost too much, long lines, hotels overcharge.
If you listened to the last Quarterly update, their answer to lower revenue is to increase prices.

Yep, totally agree. Hesitate to write this (in fear of sounding like the person who goes to the race track or Las Vegas and never loses a $) but did have D stock in he "old days", and held it for years, it was a good investment, but in keeping with "pigs get slaughtered" theory of stock holding, did sell it way before the became "woke". Love the park here, at least 18 years annual pass holder, every food and wine event, every flower and gardening event, some really memorable meals, etc. HOWEVER, saw the "writing on the wall" even before the pandemic shut down. The astronomical prices of such simple things as a "continental" breakfast for $18, a danish and a "bottomless" cup of coffee ! Don't even follow the stock since selling at an all time high because no confidence in management, and you are so right, they do not seem to recognize constantly raising prices is NOT going to pull them out of their problems. It's a shame, a really iconic company that has trashed "Walt's dream". Did "Walt" dream of riches, sure did, but with a balance because he was not "tone deaf" to the public pulse.
Totally agree. How do you screw up a business that charges and gets $500 per night for a hotel room $300+ per day for a ticket and $7 for a bottle of water? And now they want to raise prices. Walt would be ashamed.