Gaius
1
Okay well it’s doubtful the government will cut 3% of it jobs.
the rest of us who are still working will just have to pay more
Anyway Disney is cutting 3% of its workforce.
Disney stock jumped 5.7% on the announcement and currently sells for $118/share.
That gives it a P/E of 62.8
- 4 times the historically sustainable average and
- almost 6 times higher than most stocks can sustain during a bear market.
Look at the bright side, at least it has income now (it took losses in 2019 and 2020)
The company reports
- $45 billion in debt on $100b in tangible assets
- $3+ billion in annual earnings
Gaius
2
Oh,
You can judge for yourselves if Wall St is overly optimistic on Disney.
- Consensus price forecast for Disney is 125.48 ----> analysts expect the stock price to double. (See 1 below)
- Forward P/E for Disney is 27 —> analysts predict Disney’s net earning will increase 50% (See2 below)
Sounds reasonable right? Earnings will increase 50% and stock price will double.
How could that not happen in this economy?
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Guvnah
3
Government … CUT jobs?
I strained my uvula laughing at that.
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