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Motley Fool Hidden Gems Investing

CEO's Seat Getting Warmer

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 9 November 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

The House That Mickey Built appears to be struggling. (0:21) Tim Beyers discusses: - Disney's 4th-quarter financials disappointing Wall Street - How the media division is dragging down the parks division - Redfin shutting down its home-flipping business and laying off 13% of staff (14:13) Deidre Woollard talks with Bernie Marcus, co-founder of The Home Depot, about the retailer's early days and other observations from his book "Kick Up Some Dust: Lessons on Thinking Big, Giving Back, and Doing It Yourself". Companies discussed: DIS, NFLX, RDFN, HD Host: Chris Hill Guests: Tim Beyers, Deidre Woollard, Bernie Marcus Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

If you're looking for an investing show that won't be talking about the midterm elections,

0:09.7

you're in the right place.

0:11.4

Motley Full Money starts now.

0:14.8

I'm Chris Hill joining me today, our man in Colorado, Motley Full Senior Analyst, Tim

0:25.2

Bires.

0:26.2

Thanks for being here, Tim.

0:27.4

Thanks, Chris.

0:28.4

We're getting vaccinated ready to go.

0:30.4

Likewise, and we're going to need it because Disney added 12 million subscribers to its

0:35.2

Disney Plus service in the fourth quarter.

0:38.8

And that appears to be the lone bright spot for the house that Mickey built because Disney's

0:42.8

fourth quarter profits and revenue were solidly lower than expected.

0:46.6

They warned about slowing growth for Disney Plus.

0:50.3

And other than the sudden drop in March 2020 that we saw in most, if not all, stocks, shares

0:59.4

of Disney are trading at their lowest point since 2014.

1:04.3

Where do you want to start?

1:05.6

Well, I think we got to start with the subscriber numbers because what I see here, Chris, is that

1:15.8

the business, the media and media distribution business is the drag that it's the anchor

1:24.2

that the parks business is lifting.

1:28.1

And the reason that parks business did well during during the year and during the quarter

1:35.3

is because there's no more COVID-19.

1:38.3

People have gone back to parks and that part of the business, Chris, did really well.

...

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