Disney’s Avengers Broke Records and Investors Barely Cared Investment Club |
- Disney’s Avengers Broke Records and Investors Barely Cared
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| Disney’s Avengers Broke Records and Investors Barely Cared Posted: 01 May 2018 07:24 AM PDT Disney's Marvel Studios had arguably the best weekend ever for a film studio, thanks to the unprecedented success of Avengers: Infinity War, which earned $258 million at the domestic box office. The previous opening-weekend record was held by Star Wars: The Force Awakens, another Walt Disney (DIS) franchise. Marvel also held the No. 5 spot over the weekend, with its breakout hit Black Panther still drawing crowds in its third month of release. The film made roughly $5 million over the weekend. Black Panther has now made $688 million domestically since its February debut. Here's what strikes me as odd about all this: Disney continues to show its prowess for making blockbusters, but investors don't seem to care. Avengers outperformed expectations this weekend, and yet Disney shares gained just 1.1% on Monday. Compare that to the reaction when Netflix (NFLX) posts better-than-expected subscriber numbers. Earlier this month, Netflix said it added 7.4 million subscribers versus a 6.4 million forecast. Shares soared 9% on the news. Disney's films have grossed $1.18 billion, so far this year, giving it 31% of the domestic box office, according to Box Office Mojo. That easily surpasses last year's 21% share, making it a particularly strong start to the year. How has Disney's stock responded? It's down 6.7% year to date. Netflix trades at 91 times earnings-per-share estimates for the next 12 months while Disney fetches just 14. At some point, Wall Street could rethink its math, especially if Disney finds success with its own TV streaming package due out next year. [link] [comments]  | ||
| Posted: 01 May 2018 09:03 AM PDT
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| Posted: 30 Apr 2018 12:25 PM PDT
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| McDonald’s diners lovin’ burgers, stock surges Posted: 30 Apr 2018 10:13 AM PDT
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