TIP277: Intrinsic Value Assessment of Disney - w/ David Trainer (Business Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 12 January 2020
⏱️ 49 minutes
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| 0:00.0 | You're listening to TI P. |
| 0:02.5 | On today's show, we have David Trainer, who's the CEO and founder of New Constructs. |
| 0:08.0 | David's company specializes in reverse accounting distortions on the underlying economics of business performance. |
| 0:14.0 | This means he assesses the core impact on stocks when accounting rules or corporate actions appear to have an impact on earnings and competitive advantage for the business. |
| 0:23.0 | And on today's show, we're going to be having an in-depth conversation about a really popular stock, the Walt Disney company. |
| 0:29.5 | So without further delay, here's our conversation with David Trainer on Disney. |
| 0:34.0 | You are listening to the Investors podcast where we study the financial markets and read the books that influence self-made billionaires the most. |
| 0:45.5 | We keep you informed and prepared for the unexpected. |
| 0:49.5 | Welcome to today's show. I'm your host, Stig Brodison. And as always, I'm here with my co-host, Preston Pesh. |
| 1:04.5 | As we said, there in deduction, we are very excited to be here with David Trainer from New Construct. |
| 1:09.5 | David, thank you so much for being with us here today. |
| 1:12.5 | Thanks for having me. |
| 1:14.5 | David, we're really excited about today because today's topic is Disney. |
| 1:19.0 | And for you guys out there, I've been watching David on real vision here quite a few times. |
| 1:23.5 | And he has some very interesting thoughts about Disney. |
| 1:27.5 | My confession before we start is that we should have this interview already back in February whenever David was so bold to go on record, whenever Disney was trading around $110 and say, |
| 1:39.0 | there's a lot more value to gain here. So lo and behold, here we are recording mid-December and Disney is now trading 147. |
| 1:48.0 | So today we are looking behind the thesis of Disney and perhaps see if there's still some value there. |
| 1:56.0 | So David, whenever we think of Disney, someone as my thing of the latest model movie or traditional Disneyland, |
| 2:03.5 | however, as investors, we can't be too emotional and we need to analyze the different segments of the business. |
| 2:11.5 | So we have media networks, parks and resorts, studio entertainment, and now also consumer products into active media. |
| 2:19.5 | Now, could you please define the different business segments for us? |
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