CastAStone
Math and business nerd. Not an insider.
- Joined
- Jun 25, 2019
It’s a good thing for TWDC.I don't know what that means, but I think I feel good about it.
It’s a good thing for TWDC.I don't know what that means, but I think I feel good about it.
SeaWorld is the chain I’m most concerned with here.
My guess is getting this done was the hold up on the announcement we got today. I assume that a chunk of this money is going to pay the cost of Disney paying their cast members until April 18.For those of you who are worried about the company, Moody’s gave this month’s bonds the same A2 grade as they’ve given every Disney bond offering since at least 2014, meaning they don’t think Disney’s underlying credit risk (ability to pay its bills) has changed.
https://m.moodys.com/research-previ...5ld3NfTm9fVHJhbnNsYXRpb25z~20200327_PR_421457
I just read through their 10-K. I found this statement fascinating:SeaWorld is the chain I’m most concerned with here.
YAAYYY! DH and I hope they go way back to the Dandy Don Meredith and Howard Cosell years....
I'm surprised you even know how to spell 10-k based on that(after all my MBA is from Ohio State!)
Hmm. This doesn’t necessarily imply they open April 19, right? Just that CMs will be paid through the 18th? Especially since they say closed until further notice?
It didn’t say definitely one way or the other. This is what was posted by Disney so I feel it is open to interpretation.Is the 18th definitely the latest they will get paid, or is that just the date for right now? I know the union was fighting for the 30th. If they open the parks in May something the 18th would be ok, but if this goes on into June or July then i don't see how they retain enough CMs to open if they are furloughed for months. Although it's not like there are enough jobs in Orlando for CMs to go anywhere else. I'm just glad my other job is unaffected for now or I'd really be sweating right now. But for now it's very nice to be pulling a check for doing nothing.
Is the 18th definitely the latest they will get paid, or is that just the date for right now? I know the union was fighting for the 30th. If they open the parks in May something the 18th would be ok, but if this goes on into June or July then i don't see how they retain enough CMs to open if they are furloughed for months. Although it's not like there are enough jobs in Orlando for CMs to go anywhere else. I'm just glad my other job is unaffected for now or I'd really be sweating right now. But for now it's very nice to be pulling a check for doing nothing.
I think the 18th is just a date that gives them 3 more weeks to wait and see how things develop. No one knows how soon all these restrictions will be able to be relaxed and removed, least of all Disney. The number of known infections hasn’t peaked yet.It didn’t say definitely one way or the other. This is what was posted by Disney so I feel it is open to interpretation.
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