Woke Fumble: How to profit as Hollywood crashes.
Lifting Everywhere
May 5, 2023
5:24 pm
The woke movement that Hollywood has been trying to cash in on just got a big correction.
Seems preying on social issues for profit just isn’t as profitable as the lefty Libs sipping their Starbucks out in California thought it would be.
Leading the Woke charge that’s turned into a straight up fail?
Our mouseketeer friends at Disney.
Bob Iger, the iconic leader is back after a CEO change that never really seemed destined (intended) to go the distance. The stock is down over 40% with no real sign of coming back soon. And over $120 billion in market value has been wiped out.
Somehow along the way, the giant managed to pick a fight with Ron DeSantis and lost it’s self-governing status in the Orlando area. A lucrative privilege the company has enjoyed for decades now.
And then there’s Netflix, down 58% after reporting it’s first subscriber loss in more than a decade.
Warner Bros. Discovery took a 63% haircut and surface a $2 billion hit to their 2022 performance due to content write-offs. Peacock delivered a $614 loss in the 3rd quarter.
The hit’s keep coming. Liongate is down 53% now trading around $5.50 a share and is now thinking of spinning off the Hollywood studio business so that Starz can be run (and valued) separately.
So we’re learning that you can’t profit from being ‘woke’…
But you can profit as these entertainment giants continue to struggle. Netflix (NFLX) for instance isn’t about to make a full recovery anytime soon – unless it can prove to investors that the content investments will pay off – and subscribers will start coming back.
> Watch as price gaps down during earnings… and then consider high percentage bear call credit spreads with short expirations (weekly even) as price remains suppressed. This can be a consistent way to generate steady income… all from the fake and failed woke profit run by Hollywood.
Not sure how to profit Hollywood makes another blunder… or your favorite stock starts to tank… simply click here and pick up this easy guide.
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