Sucks to be a Mouse

[The beef 675] [I'm an image] “Anyone else have a policy of not being friends with adults who like to go to Disney parks without kids?” - Jeff Hey there carnivores, Markets were up on Tuesday for the second day in a row. And today we’re talking how Disney was not a part of the rally. Keep raging, Jeff & Jason [Image] [I'm an image] Dr. Disney and Mr. Mouse Disney released earnings on Tuesday, and let's just say it left a lot to be desired. Especially if you desire the success of a cultural icon like Disney. The House of Mouse missed on both earnings and revenue, due in part to the unsurprising piss poor performance of its parks and cruises as the world shelters in place. It reported 60 cents in earnings per share, missing the 89 cent estimate by Wall Street. It did, however, beat revenue estimates, clocking in at $18.01B, compared to an estimated $17.80B. Disney's stock fell 3% after hours. We’re NOT going to Disney World! Disney’s Parks, Experiences and Products division was a sh*tshow during the company’s Q2. It reported a [58% drop]( in operating income for the quarter, compared to last year. The Parks, Experiences and Products did manage to bring in $5.45B in revenue, but that was still down 10% from the year prior. I guess they're still selling a lot of Pluto collars (that are totally for cosplay and not for anything weird). Last year, Disney’s parks carried [roughly 41.3%]( of the company's total revenue during Q2, and Q3 won’t be much better. In order to stop the bleeding, it furloughed more than 100k workers, cut executive pay, and took a $5B line of credit. On a brighter note The only line of business propping Disney up during these less-than-magical times is Disney+. On Tuesday, the Pride of Orlando [reported]( that Disney+ had 54.5M subscribers as of May 4th. I’m sure the “May the 4th be with you” crowd had no impact on those numbers. That’s a pretty hefty number, considering on March 28th, the company only reported 33.5M subscribers. It’s almost like something happened in March that had people thinking they’d be stuck at home for a while with nothing to do but stream video. The bottom line... Sure, Disney+ is the latest and greatest, but it’s not just the new D that’s drawing crowds as everyone continues to hunker down at home. Disney-owned Hulu [reported]( a 27% growth in subscribers compared to the same quarter last year, up to 32.1M subscribers from 25.2M last year. On top of that, believe it or not, a live-sports-less ESPN+ also saw a rise in subscribers, counting 7.9M compared to just 2.2M last year. There’s no telling what another month or two of self-isolation could bring, but you can bet your ass Mickey’s hoping it can make up for the lack of children (and grown-ass people with stunted childhoods) crowding his parks. [Image] Can One Simple Indicator Make A Difference? [Alternate text]( Before and After— Nathan Mastered LottoX Nathan Bear, a husband, and father of four, was just scraping by to make ends meet —until he discovered and mastered LottoX. The one simple indicator which helps eliminate the noise out of the market and can potentially deliver profits as high as 1,001%, 1,175%, 1,391%, and 1,670% — virtually overnight. For the first time ever, he’s making it available to you. Imagine putting on a trade each day that has the potential for 10X returns in just a few days or less. It’s possible, and Nathan will show you how TODAY—LIVE at 2 PM ET [Register Here]( [I'm an image] ☑️ Suing over tendies. Adam Neumann, the former CEO of WeWork, [has filed a lawsuit against]( SoftBank for terminating its $3B tender offer, which would have benefited early investors (and certain co-founders) in the co-working company. He even went so far as to state that SB’s Masa Son is abusing his power, which [is ironic given the millions Neumann made as a landlord to WeWork](. SoftBank terminated the deal in April when several pre-existing conditions weren’t met. Adam Neumann not meeting expectations? What? The tender offer was a part of the $9.6B package that SoftBank agreed to back in October 2019 when it took control of the office space company (that it definitely doesn’t regret doing), but many things have changed since then. Unsurprisingly, WeWork has suffered over the past couple of months as no one is using its office spaces as people WFH. ☑️ Where’s a lifeboat? Norwegian Cruise [stock fell 19% yesterday]( as it warned of bankruptcy. The cruise line has serious doubts about making it to the end of the non-coronavirus-infected tunnel, as it stated it expected to post a loss for the quarter ending March 31 and for the year. It is also axing 20% of shoreside staff, and cutting capital expenditures by $515M. Looks like it’s taking on water. NCL Corp, its subsidiary, has received a $400M liferaft from PE firm L Catterton. Norwegian looks to raise another $1.6B through issuing stocks and bonds. Those bottomless buffets won’t fund themselves. The cruiseliner stated it doesn’t know when it will set sail again and predicts weak demand once ports open again. ☑️ Up and running. Start your engines. Fiat Chrysler [is expecting to restart production]( at a majority of its North American facilities in two weeks. Apparently not producing cars is bad for business… FC saw a loss of $1.8B in Q1 thanks to the coronavirus forced shutdowns at its locations in China, Europe, and stateside. But a lil corona can’t kill Fiat’s planned merger. The 50/50 merger with French automaker PSA Group still has the green light and is expected to close by early 2021. Even if negotiating through a surgical mask just doesn’t have the same feel. ☑️ Going above and Beyond. Beyond Meat [beat earnings expectations](, sending shares up 5% in after-hours trading. The fake-meat company’s Q1 revenue of $97.1M topped projections of $88.3M, which was a 141% increase from a year ago. The numbers check out. That’s pretty good, even if the product’s not. While BM withdrew its forecast and stated that it saw a falloff of sales in March, it appears to be well-positioned to weather a storm. As of March 28 it has $246M of cash on hand, compared to $30.6M in outstanding debt, and secured a $150M revolving credit facility in case of a rainy day. Or, ya know, a global pandemic. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC. If you no longer wish to receive our emails, click the link below: [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails](