On this podcast, Motley Idiot senior analyst Invoice Barker discusses:
- The Federal Reserve assembly expectations.
- Paramount World slashing its dividend 80%.
- Peloton battling its turnaround.
- Shake Shack posting larger income within the first quarter.
- Potential names for Darden Eating places latest franchise.
Motley Idiot producer Ricky Mulvey talks with Motley Idiot senior analyst (and Star Wars superfan) Jim Gillies about Disney‘s acquisition of Lucasfilm and methods to enhance the franchise.
To catch full episodes of all The Motley Idiot’s free podcasts, try our podcast center. To get began investing, try our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on Could 04, 2023.
Chris Hill: Could the fourth be with you, Motley Idiot Cash begins now. I am Chris Hill becoming a member of me in studio as we speak, Motley Idiot Senior Analyst, Invoice Barker. Welcome again.
Invoice Barker: Thanks for having me.
Chris Hill: Earlier than we get to earnings, let’s get to yesterday’s announcement from the Federal Reserve. As anticipated, we obtained a price hike of 1 / 4 %. I do not find out about you, I like when this occurs and by this, I imply, we had been all anticipating 1 / 4 %. We obtained 1 / 4 %. That is what I need out of my Federal Reserve traditionally. I do not need surprises.
Invoice Barker: No, there hasn’t been a shock for a very long time the precise communications alerts from the Fed have led to no surprises on the day of not less than relating to the headline is it 25, is it 50, 75, is it zero all that. It is the phrases afterwards that shade folks react to and there is a indication will simply maintain it right here not a promise.
Chris Hill: Of pausing price hikes?
Invoice Barker: Pausing price hikes.
Chris Hill: Proper.
Chris Hill: Yeah.
Invoice Barker: Yeah. Let’s take into consideration that we’ll let you know, we’re enthusiastic about that,[laughs] however we’re not making any guarantees.
Chris Hill: I most likely watched extra of this press convention with Jay Powell than any up to now six months or so and never all reporters do that, however some reporters nonetheless attempt to get him to talk in very concrete black-and-white phrases and absolutes. When that occurs, I simply suppose it is Jay Powell. He isn’t going to do this. Why are you even making an attempt?
Invoice Barker: It is a Fed chair. I imply, he studied on the toes of Greenspan and others who know to hedge their bets. So we expect we all know, I feel the market is pricing in, in 98% probability as we speak of no change in charges on the subsequent assembly in June, we’ll get there that that can change somewhat bit right here or there possibly as new numbers are available. However 98% market seems like we’re in a pause, and the following transfer goes to be down markets. Not all the time proper about that, however that is the place the market is betting.
Chris Hill: Let’s get to some earnings then. The inventory of the day is Paramount World and it isn’t inventory of the day for good causes, shares of Paramount World down greater than 25%. After first-quarter income had been a lot lower-than-expected, they reduce their dividend by 80%. How dangerous is that this for Paramount World? As a result of this seems to be fairly dangerous.
Invoice Barker: Nicely, finally what you get out of the inventory is the cash that it will get paid again to you. The dividend is, as you identified now, shy by 80% of what it was going into the day. That does not imply the inventory goes to be down 80%, however it’s down 28% as we’re speaking proper now, and I feel that the necessity to maintain onto some money to run the enterprise correctly is the sign that’s being despatched.
Chris Hill: This comes towards the backdrop of the writers’ strike that began this week and we have got shares of Warner Brothers discovery down somewhat bit, not practically as a lot, however down 4-5% earlier as we speak as a result of they are going to report within the subsequent 24 hours. I feel that traders are companies like Paramount World, streaming companies, and within the case of this firm, they’re saying, you recognize what? I feel we’re all in settlement. You do not have the strongest enterprise. You are not the chief by actually any measurement, until they’re someway capable of recreate Topcon Maverick 12 months after 12 months.
Invoice Barker: Weekly, I feel. Per week is what they want. The majority of the enterprise nonetheless is the TV networks and fundamental cable channels that they have. That is about two-thirds of the entire income. The direct-to-consumer half close to Paramount, plus the grew properly 39% year-over-year for the quarter. However that is not sufficient to maintain issues flat, income for the entire firm down 1% as a result of there’s an 8% hit to TV Media division, which is all of the channels, CBS, BET, MTV, many-many different letters and that is an issue as a result of that is the majority of their enterprise and individuals are leaving it.
Chris Hill: What do you suppose the transfer is for a enterprise like Paramount World? Is it to attempt to increase money by promoting off a few of these different networks? They’ve already reduce the dividend [laughs] 80%, there’s solely 5 extra cents to go within the dividend.
Invoice Barker: Yeah, nicely, it isn’t a good time to dump these networks. I feel BET has been mentioned as possibly one thing that they might dump Simon and Schuster, the publishing enterprise is not actually core. There are some components that they’ll eliminate. I do not suppose they are going to be strapped for money anytime quickly and the direct-to-consumer will most likely proceed to develop, you’ve got obtained Star Trek is a serious factor that you will get folks to subscribe chasing the brand new reveals there a few of the different stuff, I suppose. What are these guys are Yellowstone. All people is watching that.
Chris Hill: Sure.
Invoice Barker: Am I proper about that?
Chris Hill: Sure.
Invoice Barker: Are you watching it?
Chris Hill: I am not watching and I haven’t got Paramount plus.
Invoice Barker: You’ll be able to watch it and different locations.
Chris Hill: I may, however that will require effort.
Invoice Barker: Not a lot. All people else is watching it besides you and me. That is the model that is one thing that they want. They’ve franchise that into each time zone. I feel there’s most likely Yellowstone in house developing as a result of they’ve achieved just like the previous and the distant previous they usually’ve obtained all people doing that now so that they’re all in on that. However they have not taken it to the logical excessive, which is what does Yellowstone seem like on the 12 months 35, 80.
Chris Hill: That’s the logical excessive. Cease me when you’ve heard this one earlier than, cease. Peloton’s third-quarter loss was a lot greater than Wall Road was anticipating and I feel the one solace for Peloton shareholders as we speak is the inventory is simply down 14%, not as a lot as Paramount World, it is down 60% over the previous 12 months. The place does the longer term life for Peloton it is a two-and-a-half billion-dollar firm. There’s worth right here. There’s affinity for the individuals who use Peloton. At some worth, Peloton turns into an acquisition goal is two-and-a-half billion {dollars}, the place different firms begin getting or they’re saying what you’ll need them to say when you’re a shareholder as a part of this launch, which is sure, the numbers are the numbers they usually’re not what we would like them to be. However the turnaround plan that we have put in place is beginning to bear fruit.
Invoice Barker: Yeah, 60% down is simply scratching the floor of the story on what has occurred to the inventory it was up round 171, one thing like that. Peak COVID, Christmas 2020, I feel had apparently the market was considering all people was going to purchase two or three Pelotons. They by no means made any cash, and now it is a seven-dollar inventory. The story right here is far worse even than down 60% over the past 12 months. The place is the longer term of their shareholder letter from the corporate. Immediately it emphasised that they aren’t simply bikes that they are going into and have been into yoga and meditation and health. This results in the logical query, what are you speaking about? How nicely does meditating work on a motorbike? The reply is, you are not listening to us. We’re not simply concerning the bikes anymore. It is not simply the {hardware} we have got an app. We now have an app that offers you health courses. That places them in a class of, I’d say, hundreds of apps that offers you a yoga lesson or a meditation. That is the place they are going. Perhaps they are often an all-in-one, I like my bike and I wished to take all of the programming and I will focus all these different apps that I may have and simply go together with Peloton, possibly that works, I do not know, it hasn’t labored but.
Chris Hill: Let’s transfer to a happier matter, which is Shake Shack. The primary-quarter loss was smaller than anticipated. The income was somewhat bit higher-than-expected. Shares of Shake Shack up 10% this morning. Sorry to make the awkward transition from health to burgers, however not less than for as we speak anyway, burgers are successful.
Invoice Barker: Individuals like burgers. When Peloton went parabolic and different streaming issues went parabolic, this evaluate and distinction with the opposite two tales in that that is an old-school factor going out to eat. The numbers are bettering, they’re higher than they had been this time final 12 months. The eating places are there. They’re increasing into Canada. I nonetheless suppose they must fill within the eating places somewhat bit greater than they have proper for the time being. However that is the projection they are going to begin being profitable. This can be a firm that was rising pre-pandemic at a price the place precise free money circulate wasn’t actually a lot. The image is, take a look at the expansion of what number of institutions we are able to develop and what’s the Shake Shack gross sales at every one among them? Shake Shack gross sales had been good this quarter. It is not an advanced factor, individuals are going to be consuming subsequent 12 months, the 12 months after, fairly positive. It doesn’t matter what apps are developed.
Chris Hill: I feel when you’re Shake Shack, aren’t you Chipotle and making an attempt to determine how can we be extra like them as a enterprise when it comes to the throughput, when it comes to the power to, I am not saying they should make the huge funding of we’ll have two kitchens. One is for folks consuming in, one is only for folks choosing up or drive via or that factor. However it actually looks like there’s something of a blueprint with what Brian Niccol has achieved over the past couple of years with Chipotle.
Invoice Barker: Perhaps, Danny Meyer’s background just isn’t a lot in that realm of the faster serve and quantity. It is extra of a higher-end expertise for a burger, fairly high-end there. I suppose one other particular person may take it in that route. I do not see it occurring at Shake Shack.
Chris Hill: It won’t, nevertheless it’s value remembering Brian Niccol wasn’t the man who began Chipotle [laughs] making his bones at Taco Bell, being an exceptional operator, that is what actually helped elevate the enterprise over the previous few years. You are proper, possibly it is time for a change in administration at Shake Shack.
Invoice Barker: I am not arguing that it will occur.
Chris Hill: No. However I feel if Shake Shack is a burger that you simply take pleasure in consuming and you’re an investor and also you’re it, you are like, I am not having fun with the enterprise as a lot as I am having fun with the burger and the fries and the shakes. That could possibly be a catalyst, bringing in a confirmed operator. Sticking with meals for a second, I wished to only contact on one thing from yesterday present when Ricky and Asit talked about Darden Eating places shopping for Ruth’s Hospitality, the father or mother firm of Ruth’s Chris Steak Home. I feel it is fascinating as a result of when you take a look at the portfolio of eating places that Darden has, they’ve eight restaurant manufacturers. Olive Backyard is the most important a part of that enterprise. That is greater than half their enterprise proper there, simply in that one restaurant. However this acquisition, I feel is fascinating as a result of it expands. It does not simply develop the portfolio. It makes a reasonably sizable guess on the nice eating a part of the portfolio. Earlier than this acquisition is simply two eating places, The Capital Grille and Eddie V’s. However we had been speaking yesterday, you identified that there is one other looming query which I feel is respectable.
Invoice Barker: Let me simply say that Darden additionally as LongHorn Steakhouse, which isn’t practically as high-end.
Chris Hill: That is like when you’re simply it via the lens of is that this informal eating, is that this nice eating? Sure, they’ve a steakhouse in LongHorn, that is not within the nice eating class.
Invoice Barker: Yeah, the query that has to return first in thoughts right here is, are we going to rename this Darden’s, Ruth’s, Chris, or one thing like that? Can we get just a few extra apostrophe s’s in there to confuse diners?
Chris Hill: Do you suppose any dialog is happening at Darden headquarters about rebranding? As a result of I feel it ought to, I feel there needs to be the dialog about can we rebrand a few of these as Capital Grille? Will we make that funding? However then if these conversations are occurring, God, I actually hope somebody is elevating that. Wait a minute. Are we positive we do not need to put our stamp on this?
Invoice Barker: Capital Grille’s, Ruth’s Chris Steak Home.
Chris Hill: Now you are speaking.
Invoice Barker: I do not suppose it should have it. Ruth’s Chris obtained a really completely happy loyal clientele. In most lists of the place the highest nationwide steakhouse chains go, it isn’t too removed from Capital Grille’s quarter step. They’re actually extra on the premise of the breadth of the menu than essentially having a greater steak expertise I feel. It has been some time since I have been to Ruth’s Chris, and it is simpler to see, is my expertise than Capital Grille, which is darkish.
Chris Hill: You imply contained in the eating places?
Invoice Barker: Yeah.
Chris Hill: I feel you meant the signal outdoors.
Invoice Barker: No.
Chris Hill: Capital Grille for anybody who’s eaten there, it is somewhat darkish in there, that is a part of the atmosphere.
Invoice Barker: You going to get to a sure age you bought to tug out your cellphone, you bought to get the flashlight on the menu, get out your studying glasses. However it’s an excellent steak, they’re each good steaks. I feel that it should work out for Darden, they know find out how to run these chains and simply want it had a unique title for Ruth’s Chris.
Chris Hill: Fingers crossed. Invoice Barker, all the time nice speaking to you. Thanks for being right here.
Invoice Barker: Thanks.
Chris Hill: Sense it’s Star Wars Day. Ricky Mulvey caught up with Motley Idiot Senior Analyst and Star Wars superfan, Jim Gillies. To look again on Disney’s acquisition of Lucasfilm, and a few straightforward fixes for the franchise.
Ricky Mulvey: Could the fourth be with you. Jim Gillies joins us now, earlier than we get began, I feel you must present us your credentials as Star Wars fan.
Jim Gillies: Nicely, I am sufficiently old that I used to be within the viewers within the first run of Star Wars in Could, 1977. My mom, God bless her, truly she has no real interest in Star Wars. She noticed Star Wars twice opening weekend, as soon as my father went to ensure it was OK for little six-year-old Jimmy to see, so thanks, mother. You’ll be able to see somewhat bit within the background, I dwell in a home, there’s a number of hundred items of Star Wars merch, Star Wars memorabilia on this home. I’ve obtained a number of of the strangest ones I may consider to point out you right here. I do know we’re probably not recording, so Fools imagined that. First-off, we now have a Stormtrooper helmet bottle of scorching sauce. Is a transparent, it is full rendering. We now have my favourite spatula of all time, it is a Boba Fett spatula with additional proof that Star Wars, they did not meet something would not prepared to slap their title on. I’ve a Star Wars Sluggish Cooker and I’ve a down so as to add at, which is the Walkers from Empire Strikes Again, however down at tape dispenser on my desk. It is an leisure property that I largely love that was from my childhood. I am completely happy to see the way it’s grown and I am sad to see a few of the issues which have occurred below the current possession.
Ricky Mulvey: That is Jim Gillies. You’ve got been listening to vintage roadshow Disney buy Lucasfilm for 4 billion {dollars} again in 2012. Disney’s made four-and-a-half billion {dollars} simply on the Field Workplace receipts from the latest trilogy. Let’s get into the enterprise of Star Wars. That does not embody the theme park lands, that does not embody the merchandise, that does not embody no matter you need from streaming the Disney Plus subscribers. Is that $40 billion, was that spent on probably the greatest leisure acquisitions ever or what am I lacking?
Jim Gillies: Yeah, I feel it was an excellent acquisition for Disney. I feel George Lucas, the creator and principally the person who obtained to resolve who took possession of his child. I feel he wasn’t going to do something extra actually with Star Wars. I do know he’d all the time speak about three extra motion pictures, however I do not suppose there was actually a variety of urge for food at that time was decreased to a few animated reveals on the time. One which fortunately by no means noticed the sunshine of day as a result of it was just a few referred to as Star Wars Detours. Look it up when you’ve by no means heard of it, I feel it could have been simply abysmal. George is wise sufficient, however he took half the 4.05 billion he was paid. He took half of it in inventory, and Disney’s achieved about 7% annual returns because the deal was achieved. If George saved his inventory, he is gotten greater than 4 billion, I do not know what you do. Something that handed the primary billion, I am undecided what you spend it on. However I feel it is grown in recognition. However I am undecided I’d name the sequel trilogy Field Workplace receipts because the measure I would love. As a result of, after all, they must share that with the distribution, and naturally there’s advertising and marketing. I feel the sequel trilogy truly did some irrevocable harm to the franchise. I feel Disney has doubled down on that harm. I used to be just lately in Florida, we went to the Galaxy’s Edge, the Star Wars land, when you choose.
Ricky Mulvey: With Disney World.
Jim Gillies: At Disney World. We did not do the resort expertise, which is ridiculously priced. We went and checked out it. We got here away upset, particularly as a result of a month later, my daughter and I had been on the Harry Potter World at Common, which is immersive and enjoyable. The Star Wars land, a number one was very targeted on sequel trilogy stuff, aka the stuff that Disney has produced, not the stuff that the majority longtime followers love, which is the unique trilogy. Even frankly, the frequent trilogy has a variety of love and the merchandise was disappointing. My important different and I, we walked out going, is that each one there may be? We had been truly fairly upset in it and will not return. We’re glad we went as soon as, however will not be again. I feel I used to be to have one assertion for Star Wars below Disney, that was enjoyable and that was nice, however I am not going to be again. Whereas the unique trilogy, and there are some exceptions to the rule. The unique trilogy nevertheless, continues to be, I feel, very beloved on this home. We routinely have arguments about sure aspects of the unique trilogy and the sequel trilogy and I am undecided what that claims about us.
Ricky Mulvey: Jim, there’s additionally a direct Correlation of what Star Wars sequence you want and in the event that they got here out whilst you had been a child, and I will additionally push again. Disney, to not say that they are working with any crutches right here, however they’ve had Star Wars land open for, I feel just below just a few years now the place’s the Harry Potter World you visited has been opened for far more than a decade.
Jim Gillies: They’ve had time.
Ricky Mulvey: They’ve had time to work on it. Talking of getting time to work on issues, streaming is a largely unprofitable enterprise. However do you suppose Disney and Begin Wars which have gotten there? Certain, the reveals are costly to look at and produce, however they’ve additionally been capable of construct that merchandise enterprise round it. They’ve constructed the expansive theme park lands or they not so expansive theme park lands that you have spent most likely hundreds of {dollars} to go go to, after which they’re capable of have the billion-dollar motion pictures with a string of reveals to maintain you interested by between.
Jim Gillies: This is the factor. I feel the Star Wars reveals have been hit-and-miss. Now you can argue the films have been hit-and-miss too. When Mandalorian got here out, I feel it was genuinely actually good. I feel followers beloved it. I feel they beloved the Lone Wolf and Cubs fashion storytelling of The Mandalorian and naturally that Child Yoda, Grogu, no matter they name them. That was new, that was fascinating. I feel it tied up neatly within the first season with a reasonably good storyline. I feel the Season 2 truly it was fairly first rate as nicely. However you began entering into somewhat little bit of what we’ll name overt fan service, Boba Fett’s again. You’ll be able to’t see all the small print in my workplace right here, however there are a number of items of Boba Fett-themed artwork on my partitions in my workplace that had been truly a pair extra right here earlier than Disney purchased Star Wars. I used to be thrilled to see him come again. However they began ceding.
They began relatively than specializing in telling a narrative, it was nearly like they began ceding various things that they wished. We’ll do that subsequent. They’ve misplaced give attention to what they are going to do them. We’ll do The Ebook of Boba Fett, which was nice. Wasn’t nice diverged and it modified the important thing piece of what occurred on the finish of Mandalorian Season 2. It modified it. You begin Mandalorian Season 3, and you are like how did that occurred? You needed to watch a unique present for that to be there. They ceded the plans for the Ashoka present which might be popping out later this 12 months. They then went within the route of going towards that Obi-Wan Kenobi present, which I feel was dreadful. However I perceive why we might need to see Atkins Skywalker or like a improve of back-of-the-napkin Skywalker, Ewan McGregor again as Obi-Wan Kenobi. However you are telling tales inside a reasonably established, more and more crowded universe. However you even have reveals like The Clone Wars, which is definitely fairly good. Particularly Season 7, which was made below Disney’s purview. I truly suppose there’s some actually great things in there. However the issue is the reveals had been hit-and-miss. Individuals had been enthusiastic about The Mandalorian has actually fallen off. Season 3 was not good. Obi-Wan Kenobi is basically folks did not prefer it, however bookable if that was complicated. When a really good Star Wars present comes out.
Ricky Mulvey: You are speaking about Andor?
Jim Gillies: I am speaking a few present referred to as Andor. Andor it is truly nice. As a result of it feels extra actual and extra lived in its by Tony Gilroy who believed that the Bourne Identification, not less than just a few of these motion pictures. The issue with star wars, I feel, it is somewhat bit cartoonish in that the nice guys all the time win, even throughout a time of great oppression on authorities oppression, the nice guys all the time win. That is not what occurred in Andor. You already know the ending of what is going on to occur with the character. It feels extra current so I like that.
Ricky Mulvey: While you consider firms that are not Disney which have actually benefited from Star Wars, are there any? You would have Funko, Hasbro or for lots of those firms is Lego.
Jim Gillies: Is completely Lego. Lego has made mint on Lego Star Wars. It has been a extremely good partnership for each Disney and Lego since you’ve obtained all ages, from comparatively outdated folks like me to youthful people such as you to my children. My children are youngsters, so not that younger, however children. You’ve got obtained mother and father like me pushing star wars on their children. The children is like that is cool. Yearly my children get the arrival calendars and my daughter will get the Lego pals one, which is a Lego-owned model, and my son usually will get the Star Wars one. There’s a very particular greenback determine distinction between these two calendars and you’ll infer precisely what Disney is raking from every a type of issues that it offered as a result of Disney wished 10 or $15 extra, and that is the Disney price. However hey, folks like me can pay for them. Individuals with youthful children can pay for it. I like that. I feel Funko’s achieved nicely. I’ve all the time been very confused by Funko as a result of unabashedly fats and you can see one within the background behind me. However I am all the time nervous it should go away. Then when you ever go to a Comedian-Con or these kinds of reveals, each different sales space is promoting Funkos they usually’re piled as excessive as you may see. There is no scarcity of them on the market, and I am all the time questioning. I am ready for the third finish. However I feel Lego has achieved rather well. Star Wars, arguably, George Lucas famously retained the merchandise rights. Which is why it was the merchandise and the toy juggernaut that it was, and it was very savvy piece of enterprise on George Lucas’s half. However it did not imply we obtained cannibalistic teddy bears preventing the ultimate paddle and return to the Jedi relatively than Wookies, which is what we had been purported to initially get.
Ricky Mulvey: As we wrap up, I’ll give one straightforward repair for the Star Wars franchise. It is character named Dr. Afra. She must get her personal movie franchise. That’s straightforward. You are able to do an grownup Indiana Jones storytelling together with her proper off the bat and it is new character that does not have the bags that a variety of movie characters have. Now I’ll provide the flooring for Kathy Kennedy, Bob Iger, the remainder of Disney’s executives on your pitch for one straightforward repair for the Star Wars franchise.
Jim Gillies: It is a two-parter, get out of the current period. We have exhausted the storyline for the Skywalker Aaron, get out, go thousand years additional down the road, go 1,000 years again within the outdated republic, do a storyline that is gotten nothing to do with the Skywalker saga. The subsequent factor is suppose via what your film arc goes to be. Sit down and if you wish to do a trilogy, do the story therapies for all three and the way they work collectively. I do not care who you get to direct. Have one man, have three totally different people direct it that is nice. As a result of it isn’t simply what they did with the sequel trilogy, however what number of Star Wars motion pictures had they introduced they usually simply evaporated. You had Rogue Squadron. Nicely, that is gone. You had a trilogy being achieved by the blokes who ran Recreation of Thrones, these are gone. Ryan Johnson who did The Final Jedi, was going to have a trilogy, that is gone. Tyco YTD, is he nonetheless doing one? Kevin Frady, if he is nonetheless doing one, there’s not been a precedent. They frankly, they panicked as a result of they thought they might simply be throwing these Star Wars tales out once they did Rogue One, which is superb, they usually did Solo, which is much less glorious. It is nice. I truly fairly like Solo, however I perceive why folks obtained somewhat aggravated by it and that they panicked. They pulled the Boba Fett film, I feel that is grew to become the TV present. They pulled the Obi-Wan Kenobi film. I feel that took for them somewhat little bit of a TV present. They do not have a coherent technique. Sit down and plan out what you need to do, after which execute it. Cease with the slip-shot stuff.
Chris Hill: Jim Gillies, respect your time. Thanks for becoming a member of us for Could the 4th Star Wars Day.
Ricky Mulvey: Thanks for inviting me.
Chris Hill: As all the time, folks on this system might have curiosity within the shares they speak about and the Motley Idiot might have formal suggestions for or towards, so do not buy or promote shares primarily based solely on what you hear. I am Chris Hill, thanks for listening. We’ll see you tomorrow.
Chris Hill has positions in Chipotle Mexican Grill and Walt Disney. Jim Gillies has positions in Chipotle Mexican Grill. Ricky Mulvey has positions in Walt Disney. The Motley Idiot has positions in and recommends Chipotle Mexican Grill, Funko, Peloton Interactive, Walt Disney, and Warner Bros. Discovery. The Motley Idiot recommends Hasbro and recommends the next choices: lengthy January 2024 $145 calls on Walt Disney and quick January 2024 $155 calls on Walt Disney. The Motley Idiot has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
