Comments
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BKThis guy said the local sports networks are part of the FOX deal? WSJ and dozens of others reported the exact opposite.
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SCThis guy has one of the most punchable voices.
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JUThe stock is testing the top of a big 2-3 year wedge pattern. If it can break out, say maybe $110, will make an excellent risk/reward trade I think. My only gripe with the fundamentals is that the parks are contributing a lot of the earnings these day, and those earnings are so cyclical that even a 12X multiple on peak earnings out of the parks is expensive if we are late-cycle. I'd also be worried that Universal is in arms-race on mega-parks in China, so capex might start going up and margins might start coming down there. But traders don't appear to be paying much attention to the parks business anyway...