Crypto Whales Are Loading Up — Are You?
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According to UBS's
Doug Mitchelson, Disney's Shanghai park will drive 29 percent of the EBIT growth for Disney's Parks division through 2021. As a whole, Disney's Parks segment will drive 67 percent of Disney's total EBIT growth over the same time period.Shanghai Disney opened in June of 2016 but reports as soon as October suggested that the park is "no blockbuster." However, this isn't necessarily the same sentiment today, at least according to the analyst.
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Mitchelson explained his positive outlook on Disney's Parks comes from two data sets which confirm healthy trends. First, Satellite Photogrammetry was used to measure parking lot utilization and Network Traffic Analysis was used to gauge park attraction wait times.
Both of these metrics signaled that attendance at Disney's Park in Shanghai "built steadily" through the fall and winter and into a "very strong" Chinese New Year.
Are Parks Being Ignored?
Mitchelson noted much of the attention among investors is focused on Disney's film slate. As such, investors may be underestimating Disney's Parks segment and the contributions it makes.
The analyst emphasized the fact that Disney is in the middle of an "aggressive" but also "attractive" investment cycle in its Parks segment. This will drive a 10 percent EBIT compounded annual growth rate within the segment "well into the next decade."
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From Turkey Legs To 1 Million Visitors, Shanghai Disney's Success A Pleasant Surprise For CEO IgerJim Cameron And Disney Team Up To Bring Us 'Avatar' Theme Park______Image Credit: By Fayhoo - Own work, CC BY-SA 3.0, via Wikimedia CommonsCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.