DIS - Announce theme parks reopen - Light at the end of the tunnel

[kmiklas]

DIS better hope their park visitor/newsviewership demo skews heavily towards Fox News:

(Pew Research) % of U.S. adults who say Donald Trump is doing an excellent job at responding to the coronavirus outbreak, by main source of political news

Fox News: 63%
CBS: 24%
NBC: 15%
ABC: 14%
CNN: 7%
MSNBC: 2%
NPR: 2%
New York Times: 1%

Because their most excellent Prez is dying to get things back to abnormal lol.

Irrespective of T, my point is that re-opening of theme parks is a big milestone for an actual "return-to-normal."

The big question is _when_.

In my opinion, DIS re-opening theme parks is the tell. Keep an eye on it, and look for an upspike.

Chart courtesy of Interactive Brokers

 

[SunTrader]

And IMO the tell is leveling off (or less parabolic at least) of U.S. new infected/deaths rate.

 

[KCalhoun]

Thing is, next fiscal is going to look a lot different. People are probably not going to theme parks as much as last year, definitely not more than last year. Also, disney parks are not cheap, people are going to lose jobs which obviously hits demand for theme parks. I'm not saying your wrong, just offering my two cents.

Great points, streaming and movies should do well. Pricey crowded theme parks will not recover until c vaccine and cure are released And consumer confidence And jobs return next year.

DIS is a great company to own, but I'm not buying yet

 

[madbrain]

Safer bet that they can reopen by labor day, Sep 7. Not memorial day on may 25, which is just 7 weeks away.

 

[kmiklas]

Safer bet that they can reopen by labor day, Sep 7. Not memorial day on may 25, which is just 7 weeks away.

Then they lose all that summer revenue.

 

[madbrain]

Then they lose all that summer revenue.

Yes. I think that's what flattening the curve entails. You need 50% to 70% to have antibodies for herd immunity. But you can't have 150M to 200M cases of Covid-19 in the US all in just 7 weeks, or you overload the hospitals and cause mass deaths. So you quarantine to have those infections spread over a longer period of time.