offline
Dan Loeb buys new stake in Disney, lays out key initiatives 'to unlock further value
Dan Loeb is once again bullish on Disney (DIS).
According to a letter the activist investor sent to CEO Bob Chapek, Loeb's Third Point has repurchased "a significant stake" in the media giant, causing shares to rise 2%.
Loeb, who previously held a stake in the company from 2020 to early 2022, praised Disney's positive Q3 earnings results, citing strength in Disney's streaming business.
"We're particularly pleased to see the strength in DTC subscriber growth, the key driver of Disney’s long-term transformation towards less volatile, ultimately higher margin cashflows with a greater return on invested capital," the note read
Hier geht's zum letter
https://www.businesswire.com/news/home/2...he-Company
Viele $$$$$$$$$$$ wünscht
bufett
Dan Loeb is once again bullish on Disney (DIS).
According to a letter the activist investor sent to CEO Bob Chapek, Loeb's Third Point has repurchased "a significant stake" in the media giant, causing shares to rise 2%.
Loeb, who previously held a stake in the company from 2020 to early 2022, praised Disney's positive Q3 earnings results, citing strength in Disney's streaming business.
"We're particularly pleased to see the strength in DTC subscriber growth, the key driver of Disney’s long-term transformation towards less volatile, ultimately higher margin cashflows with a greater return on invested capital," the note read
Hier geht's zum letter
https://www.businesswire.com/news/home/2...he-Company
Viele $$$$$$$$$$$ wünscht
bufett
