Osiris-ODS
Diamond Member
- Jan 22, 2019
- 3,664
- 3,335
Yeah that was just a quick guess off the top of my head. I was doing a mental inventory of the Disney hotels and restaurants, the buildings and attractions at the parks, and the massive infrastructure interconnecting everything ... I got to the billion dollar estimate before I got very far along lol.More than a billion. Quite a bit more, I believe.
Disney's going nowhere over this. What Florida's doing is a deliberate slap in their face, but financially, it's not a big deal to Disney. Certainly not worth the upheaval any attempt to move would be.
I disagree about it not being a big deal though. Disney is a publicly traded corporation. They cannot just absorb the kind of expenses they're going to have to pay going forward without it negatively affecting their earnings. Shareholders do not expect Disney's board and officers to act in the name of the corporation in a way that is damaging to the value of the corporation and the price of the stock. In fact, undertaking or endorsing any action by the corporation that foreseeably harms the stock value is legal cause for ouster of board members. I would not be surprised if there is a shakeup on the board of directors as a result of this, whether it's done quietly behind the scenes or more publicly. That is likely being discussed among the influential stockholders who are not at all pleased with the continuing downward trend of Disney stock this year (down 6% in one day is unacceptable for a blue chip) -- it's the worst performing stock in the entire Dow Jones index so far in 2022.
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