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After a long drawdown, Disney looks like it is breaking out.

Earnings are tonight so proceed with caution.

I posted some details on the DIS board

https://www.shrewdm.com/MB?pid=408085685

I liked a lot in the earnings release.

Lots of good movies coming out in the next year.
Partnership with EPIC games (Maker of Fortnite, very popular the the younger generation)
3 billion buyback, 50% dividend increase
Parks & Cruise ships strong
Taylor Swift movie on Disney+ in March
Most importantly, IMO, Eisner seems to be focused on the company instead of fighting with Desantis, Peltz and Elon.
He said that movies' need to focus on storytelling, not messaging. Totally agree.

I am not sure about the new joint venture for sports streaming.
Disney+ & Hulu remain a challenge, but he said they should be profitable by year end.

Lots more room for improvement in the next year. I bought because the chart looked good... I think I will hold the position for awhile.

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