From the Yohoo Disney message site
That DIS stock is falling? Look at what they have done to their portfolio!
I used to work for Walt Disney World when they were just three hotels, the Magic Kingdom, and Epcot. Then they released "The Little Mermaid," "Beauty and The Beast," "Aladdin," and things were going great. But it wasn't good enough. Instead of focusing on their reputation and what they do best--and keeping the quality high--Disney management decides to go hog wild and buy into anything and everything that is media related. And in the process they drove their debt sky high and now own a bunch of businesses they have no knowledge of how to operate and are making movies they have no business making.
Unfortunately, some managers think that the way to increase the value of a company is to make it bigger. But it's all relative folks. Stockholders do not mind small if the product sells and the balance sheet is cash rich. The only thing Disney management team was most successful at making bigger was their egos.
If Walt were alive he would kick Eisner square in the **** for how he has managed the company. And you know what? Walt not only knew how to make money, he knew Disney's strengths and talents and how to use those to make more money. All current Disney management knows is how to make an offer.
The ONLY way Disney will succeed long term is to sell off their assets ASAP that really do not fit their image or market (ABC, etc.) and concentrate on FAMILY theme parks, FAMILY movies, FAMILY hotels, etc.
That DIS stock is falling? Look at what they have done to their portfolio!
I used to work for Walt Disney World when they were just three hotels, the Magic Kingdom, and Epcot. Then they released "The Little Mermaid," "Beauty and The Beast," "Aladdin," and things were going great. But it wasn't good enough. Instead of focusing on their reputation and what they do best--and keeping the quality high--Disney management decides to go hog wild and buy into anything and everything that is media related. And in the process they drove their debt sky high and now own a bunch of businesses they have no knowledge of how to operate and are making movies they have no business making.
Unfortunately, some managers think that the way to increase the value of a company is to make it bigger. But it's all relative folks. Stockholders do not mind small if the product sells and the balance sheet is cash rich. The only thing Disney management team was most successful at making bigger was their egos.
If Walt were alive he would kick Eisner square in the **** for how he has managed the company. And you know what? Walt not only knew how to make money, he knew Disney's strengths and talents and how to use those to make more money. All current Disney management knows is how to make an offer.
The ONLY way Disney will succeed long term is to sell off their assets ASAP that really do not fit their image or market (ABC, etc.) and concentrate on FAMILY theme parks, FAMILY movies, FAMILY hotels, etc.