RFD: Time to think about Disney, Pepsico? Message Board

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Non-Tech : RFD: Time to think about Disney, Pepsico?

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To: Mary Ann Shubaily who wrote (30)	10/6/1996 10:03:00 AM
From: Zoltan!	of 54

What you have said concerning Disney hotels is quite true, at least concerning my personal experience. Each winter my family gathers for about a week's stay at WDW. Early on we stayed at the cheap hotels outside the park, but in the past few years I was able to secure 40% discounts as a stockholder/club member so we stayed at WDW. Last year that discount was cut to 30%. This year I made the reservations for winter '97 (in July!), but Disney could not provide discount amount. Several weeks ago I got the club info and maximum discount was cut to 20% on the more upscale hotels and 10% on the others; and space was restricted. The kicker: Our favorite hotel, the Wilderness Resort has NO DISCOUNT at all. That's an indication of how strong room demand has gotten during the off peak period. So it will be $190/night for each room, which is more than many of their nominally more expensive hotels (which get the reduced 20% off). But everyone wants the Wilderness so that's where we're going. When I was last there in February 1996 I spent one day touring the growing roster of WDW hotels and was amazed. Most were so grand and so well themed that they actually make you want to stay at the hotel most of the day! - And even more importantly, they keep the folks at WDW. No straying off to Brand X products like Universal Studios (which gives HUGE discounts on their tickets, but is definitely no bargain, just a waste of valuable vacation time). BTW I have held this stock since the mid 1980's, selling some at times and buying during dips, but always retaining a core holding. It is also my favorite baptismal gift. Anecdote: Before Warren Buffet recently became a substantial Disney investor with the ABC merger I heard him say that the worst investing mistake he made during his career was not in buying a stock that tanked, but rather it was selling Disney for a quick 50% profit during the 1960's. He has pledged not to repeat that mistake. BTW, hope you all read that article in the WSJ last week concerning Disney's massive expansion plans and their hardball tactics with those parasitic Brand X parks. Regards

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