[OrangeBlossomBaby]

Originally Posted by JMintzer

Let's see of they have the guts to face their shareholders who have lost $20 BILLION in stock value since the zoom video became public...

Might want to take a look at the overall history of the stock (DIS). It was under $50/share on average monthly, until December 2012. After that, it consistently went up, spiking to $118 in mid-2015. It dropped a little bit to $92 and some change at the end of 2016, then went up again. It peaked again at the end of 2019/beginning of 2020 at $140-something, then took a nosedive back into the low $90's during the worst of the pandemic in April of 2020. It spike again, March 2021 to just shy of $200/share, and it's been trickling back down since. It's still currently at $121 per share, higher than it was at any point in 2018 or prior.

[golfing eagles]

Originally Posted by OrangeBlossomBaby

What it DOES do, however, is it sets a precedence. He can say "anything before 1968" today. And if the Villages does something to annoy him next month, he can make a new one to say "anything before 1993." His decision is against the Florida Constitution. That is a legal document, and he is violating his own state's constitution to create a pathway to punishing companies that express an opposing opinion or do things that offend some, while being celebrated by others.

First of all, it isn't "his" decision. It is an issue that will be decided by the Florida legislature----the elected representatives of the people.
Second, I haven't read the Florida constitution, but I doubt it states anything like once a special district is formed, it can never be rescinded.
Third, "companies" are supposed to make money, not render political opinions.

[OrangeBlossomBaby]

Originally Posted by golfing eagles

First of all, it isn't "his" decision. It is an issue that will be decided by the Florida legislature----the elected representatives of the people.
Second, I haven't read the Florida constitution, but I doubt it states anything like once a special district is formed, it can never be rescinded.
Third, "companies" are supposed to make money, not render political opinions.

Old people are supposed to knit booties and die on their front porches, not render political opinions.

And yet...

[golfing eagles]

Originally Posted by OrangeBlossomBaby

Might want to take a look at the overall history of the stock (DIS). It was under $50/share on average monthly, until December 2012. After that, it consistently went up, spiking to $118 in mid-2015. It dropped a little bit to $92 and some change at the end of 2016, then went up again. It peaked again at the end of 2019/beginning of 2020 at $140-something, then took a nosedive back into the low $90's during the worst of the pandemic in April of 2020. It spike again, March 2021 to just shy of $200/share, and it's been trickling back down since. It's still currently at $121 per share, higher than it was at any point in 2018 or prior.

And for a closer look: Disney stock has dropped 13% since the beginning of the month when this nonsense started, which translates to a loss of 30 billion in market capitalization. Perhaps investors are telling Disney something??????

[golfing eagles]

Originally Posted by OrangeBlossomBaby

Old people are supposed to knit booties and die on their front porches, not render political opinions.

And yet...

And yet........here we are??????

[Caymus]

Originally Posted by OrangeBlossomBaby

It's still currently at $121 per share, higher than it was at any point in 2018 or prior.

The average company's stock price is higher than at any point in 2018.

[JMintzer]

Originally Posted by OrangeBlossomBaby

Might want to take a look at the overall history of the stock (DIS). It was under $50/share on average monthly, until December 2012. After that, it consistently went up, spiking to $118 in mid-2015. It dropped a little bit to $92 and some change at the end of 2016, then went up again. It peaked again at the end of 2019/beginning of 2020 at $140-something, then took a nosedive back into the low $90's during the worst of the pandemic in April of 2020. It spike again, March 2021 to just shy of $200/share, and it's been trickling back down since. It's still currently at $121 per share, higher than it was at any point in 2018 or prior.

No one is talking about 10 years ago...

I specifically was speaking about the significant losses sine the zoom call was made public. Hell, I'm surprised you didn't reference it's ups and downs since it went public in 1957...

[OrangeBlossomBaby]

Originally Posted by golfing eagles

And for a closer look: Disney stock has dropped 13% since the beginning of the month when this nonsense started, which translates to a loss of 30 billion in market capitalization. Perhaps investors are telling Disney something??????

Seems to me that there are a good portion of investors who are noticing that the recent spikes could not possibly be self-sustaining, and they're taking this opportunity to sell out.

Of course that causes the spike to reverse. Long-term investors are still making bank on dividends, because they bought when the stocks were under $50/share and they're currently at $120/share.

Same thing happened to my Intel stock several years ago. I lived through a double and a few splits, a nosedive as the result of some failed chip fiasco a dozen or so years back, and my stocks are still around 400% higher than when I first got them over 30 years ago. That's because they've doubled and split multiple times, and I've held onto them instead of panicking and selling. Anyone who bought 1000 shares during the IPO would have 48,000 shares today. The IPO rate was something like $26/share. Current rate is $47.50.

Disney has a longer history, is more publicly known, more identifiable. While most people use Intel whether they're aware of it or not, Disney is the more "known" entity.

On the other hand, my grandmother once offered to buy each of her children and grandchildren 100 shares of EuroDisney (at $15/share). Or we could have $2000 cash. I took the cash. Everyone else lost.

[Papa_lecki]

It’s not permanent - it will be renegotiated back, just not as favorable to Disney.

“The measure would not permanently terminate the Reedy Creek Improvement District, but it would phase it out on June 1, 2023, and allow the special district to reestablish on or after that date.

Disney would be able to go to the state Legislature in Tallahassee next year and request it be reestablished, likely under more limited capabilities and powers.”

[JMintzer]

Originally Posted by Caymus

The average company's stock price is higher than at any point in 2018.

And it is lower than it was in 2019. What's your point? It was worth $20 BILLION more just a few weeks ago... What could have possibly caused it to drop so precipitously?

[JMintzer]

Originally Posted by OrangeBlossomBaby

Seems to me that there are a good portion of investors who are noticing that the recent spikes could not possibly be self-sustaining, and they're taking this opportunity to sell out.

Of course that causes the spike to reverse. Long-term investors are still making bank on dividends, because they bought when the stocks were under $50/share and they're currently at $120/share.

Same thing happened to my Intel stock several years ago. I lived through a double and a few splits, a nosedive as the result of some failed chip fiasco a dozen or so years back, and my stocks are still around 400% higher than when I first got them over 30 years ago. That's because they've doubled and split multiple times, and I've held onto them instead of panicking and selling. Anyone who bought 1000 shares during the IPO would have 48,000 shares today. The IPO rate was something like $26/share. Current rate is $47.50.

Disney has a longer history, is more publicly known, more identifiable. While most people use Intel whether they're aware of it or not, Disney is the more "known" entity.

On the other hand, my grandmother once offered to buy each of her children and grandchildren 100 shares of EuroDisney (at $15/share). Or we could have $2000 cash. I took the cash. Everyone else lost.

Why couldn't the recent spike be sustained? They only recently (but not fully) reopened from the pandemic, the parks and hotels are filled (to their self imposed capacity) and can only get more crowded as Summer comes and the pandemic continues to wane...

To me, that sounds like a recipe for increased stock prices. That is, until they shot themselves in the foot...

[Reiver]

"We are going to severely punish Disney by making them follow the rules that every other business in Florida has to follow."

[Papa_lecki]

If the district wasn’t beneficial to disney, they would have lobbied to get rid it years ago.

[jimjamuser]

Originally Posted by Keefelane66

Don’t worry the state tax payers will protect our Governor

Great. I was losing sleep at night over that one!

[MartinSE]

Originally Posted by Reiver

"We are going to severely punish Disney by making them follow the rules that every other business in Florida has to follow."

Is there any other company in Florida that brings and average of 60 million guests into Florida every year? Florida live on Tourism. For years when I grew up in S. Florida the weather report was not allowed to tell the truth about rain and temperature if it impacted tourism. The was eventually ended - I think. The point being Florida LIVES by tourism. YOU don't pay state income tax because of tourism.

SO, now, instead of a nebulous "which rules and which other business" just what are you saying?