A visitor to the Disneyland Resort takes a picture through a locked gate at the entrance to Disneyland in Anaheim, CA, on Monday, Mar 16, 2020.
Two banks downgraded entertainment and theme parks giant Disney on Monday as the coronavirus crisis hits the company hard across multiple business segments.Related Tags
Source: Entertainment Trends (entertainmenttrends.net)
Pro Nice hit piece. Timed on a down day.
Pro The parks business is done until a vaccine
Pro It's tough when companies go bankrupt. But stop the hypocrisy, this is CAPITALISM. Its how it's supposed to work. Live by the sword die by the sword. Disney files for bankruptcy protection, all parties come to an agreement, back to work. If we reopen the right way. Econ REBOUNDS
Pro Even with downgrades, eventual bankruptcies, and lack of revenues, the S&P is at June 2019 level. I think the market is on ventilator there is 80% chance to die
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