Disney rocks! Ed’s Daily Notes for February 6th   1 comment

Darth Mickey

Reuters (via Yahoo Finance): Disney shares jump as film hit ‘Frozen’ heats up profit

Disney hits another one out of the park:

Media company Walt Disney Co reported higher profit for the quarter that ended in December, beating Wall Street expectations due to growth at sports network ESPN and the blockbuster performance of its animated hit film “Frozen.”

…The company posted adjusted earnings per share of $1.04, according to a statement it released, exceeding the 92 cents average estimate of analysts surveyed by Thomson Reuters I/B/E/S. Net income for the quarter rose to $1.8 billion, a 33 percent gain from a year earlier.

The company’s five major business units all reported higher profit, with the biggest gain at Disney’s movie studio.

The unit reported a 75 percent increase in operating income to $409 million. The studio benefited from big box office grosses for “Frozen,” the story of royal sisters in an icy kingdom, and Marvel superhero sequel “Thor: The Dark World.” The two films have sold more than $1.5 billion worth of tickets combined worldwide.

Disney Chief Executive Officer Bob Iger said “Frozen” sales were growing as the movie just opened in China and will debut in Japan in March. The popularity of “Frozen,” produced by Walt Disney Animation Studios, also is fueling toy and music sales related to the film, he said.

“This has real franchise potential,” Iger told analysts on a conference call. “Expect to see continued interest in this and continued impact on the bottom line for quite a while.”

I didn’t even buy Disney for Frozen. That is the beauty of Disney: They keep making new intellectual property franchises, on top of the already mountainous vault of IP franchises they already own. Bob Iger belongs on the pantheon of great CEO’s in history, as he has this company working like an IP company should. Sure, they have failures (i.e. Lone Ranger), but their successes more than make up for the failures.

If you have a long-term portfolio, Disney is a “must own”. It is almost an IP monopoly. I love this stock!

Bloomberg: Twitter’s Loss Exceeds Estimates as User Growth Slows

Twitter Inc. posted slowing user growth and a net loss that was wider than analysts’ estimates in its first earnings report as a public company, sending shares down as much as 19 percent in extended trading.

There were 241 million monthly active users in the fourth quarter, Twitter said in a statement today, up 30 percent from 185 million a year earlier and slower than 39 percent seen in the prior period. Usage also declined, with 148 billion views of Twitter timelines compared with 159 billion views in the third quarter. Net loss was $511.5 million compared with $8.7 million a year earlier, and was more than double analysts’ projections of $253.5 million.

This bird has flown. I’ve seen better penny stocks.

Infowars: U.S. Postal Service Announces Giant Ammo Purchase

From the government agency which gave us the phrase “going postal” for workplace shootings:

The U.S. Postal Service is currently seeking companies that can provide “assorted small arms ammunition” in the near future.

On Jan. 31, the USPS Supplies and Services Purchasing Office posted a notice on the Federal Business Opportunities website asking contractors to register with USPS as potential ammunition suppliers for a variety of cartridges.

There is only one response to this:

facepalm10

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Posted February 6, 2014 by edmcgon in News, Stocks, Technology

One response to “Disney rocks! Ed’s Daily Notes for February 6th

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  1. Here is an interesting article to consider before investing in the cannabis industry:

    http://seekingalpha.com/article/1998011-cannabis-investment-the-grass-aint-green-its-brown

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