Kevin Fung
speaker
348 appearances
1 recordings
1 series
first heard May 2021
last heard May 2021
Kevin Fung’s voice in public audio — every appearance, attributed to the second.
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Appearances
So sticky, sticky.
Which means that...
Yes, in year one, it doesn't look like they're making much money, but in years five, six, seven, eight, nine, ten, that's when the machine really turns on.
But, you know, in order to do a discounted cash flow, you need to have cash flows.
And if these businesses aren't making money, well...
it makes it very hard to forecast something when it doesn't exist or is negative in this case.
But Disney, on the other hand, has a very good history, a very long history of positive cash flows.
And what that means is
There is certainty in some of these businesses.
If we can see these points where the vaccines roll out in a post-COVID world, that's when we can start to say, hey, this business is back to where it is and Disney Plus is growing really well.
What does that mean in terms of the forecasting?
What does that mean in terms of the revenue that they're bringing in?
I would.
In terms of my investing philosophy, I usually buy small pieces of shares.
And all that means is one year I might buy a few Disney shares and then the next year I might buy another few.
And then the year after I might buy a little bit more.
And the reason I do that is because I want to own a small piece of
the very best businesses in the world.
And I honestly believe that Disney is one of those very best businesses in the world.
I usually don't rush into the buying, but what I am happy doing is buying a little bit and then waiting for the business and the management team to really deliver.
Showing 321–340 of 348 · page 17 of 18
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