Why I’m Extremely Bullish on Disney Q3 2021
Wow! Did you take watch the earnings call for Q3? If not go listen to it: https://thewaltdisneycompany.com/disneys-q3-fy21-earnings-results-webcast/
Before their Earnings Call I have 17 shares in Disney which is 6.91% of my Portfolio. After listening and going through their earnings report. I want to increase my Disney position to 10%. Which I’m very bullish on it. I also have 2 Calls.
Q3 2021 Most notable highlights!
- Streaming Services (Disney+, ESPN+, & Hulu) in total 173.7 million paid subscribers. Can you believe that? That many paid subscribers in just two years. In comparison with Netflix started streaming services in 2007 and up until today 209 million paid subscribers.
- Revenue & EPS beat:
Earnings per share: 80 cents vs 55 cents expected in a Refinitiv survey of analysts
Revenue: $17.02 billion vs $16.76 billion expected in the survey
3. Future forecast affirmed Chapek stating: Disney+ 230 million to 260 million subscribers to Disney+ by 2024. Currently Disney+ is : 116 million. Which is 198% ~224% growth!
My personal goal is to accumulate 30 Shares and whatever I make from my call option I will add more to Disney and hold until I retire. When the world normalize and they have returned to regular cash flow. It will not be a surprise to see Disney reinstating dividends in the near future. That would be icing on top!
End of 2021 goal price target: $195
2022 Price Target: $300+
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