Post #11 by tecmo on the The Walt Disney Company board

Please be patient and understanding when interacting with others, and avoid getting frustrated or upset if someone does not respond to your posts or if a discussion does not go as you expected. Remember that everyone is entitled to express their own perspectives. Furthermore, even when you don't entirely agree, try to benefit in some way from it.

- Manlobbi

Stocks A to Z / Stocks D / The Walt Disney Company (DIS)

Unthreaded | Threaded | Whole Thread (2)

Prev | Next

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 1

A key headwind for Disney is figuring out what to do with the broadcast assets - and ESPN is the crown jewel there. Iger is on record as saying that he wants some new partners - which could even mean selling off the asset (Apple and Amazon are typically pointed to as potential buyers).

What is ESPN worth?

$50B is thrown around as a potential number, but this article from Baron's - referencing Disney Bear Brandon Nispel suggests it might only be worth $30B.

Revenue : $16B
Operating Margin : low 20s
Earnings : $3.8B

Putting a multiple of 8x earnings on ESPN seems like a pretty bearish position IMO even considering the challenges with cord-cutting.

tecmo
...

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (2)

Prev | Next

Announcements

The Walt Disney Company FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.