Diamonds and Dogs
The Mouse house is roaring. Walt Disney (DIS) is up 2.7% following lackluster earnings due to new video streaming plans a la Netflix to boost future sales. Earnings came in 5 cents light as sales fell 2.8% year over year to $12.78 billion below estimates as well. But the CEO of Disney has a plan to grow. Bob Iger said, No other entertainment company is better equipped to navigate the ever-evolving media landscape, thanks to their unparalleled collection of brands and franchises and their ability to leverage IP across their entire company. Disney is going after Netflix, discontinuing new releases out of Netflix by 2019 and undercutting Netflix's pricing for streaming video.
Finish Line (FINL) keeps getting further away. Finish Line is down 9% today on downgrade and cash burn concerns. The stock is down 60% since December as investors flee traditional retailers for good reason. Thanks to the Internet, companies like Finish Line cannot compete and must reduce pricing, cutting into profits and their very viability.
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