Can Turtles Fly?

Don't think you will get rich off this but shouldn't lose money either. Trading near 10 year lows (was about 5% lower before) and coming off pandemic business decline. They recently cut dividend, which is always a bad sign, but their streaming losses are declining.  Risk with Disney (NYSE: DIS) is that they make a lot of money off sports cable television (ESPN) and that is declining and don't know how long they can earn so much off that. Long-term ROE should be 12-15% (median 10 year ROE is around 12%.) Purchase price: $88.78

Added more to Southwest Airlines (LUV.) Stock might fall a bit more during recession or due to higher oil prices, but that's hard to predict (recession appears to be mild.)  Stock price is trading near 10 year lows (ignoring 2020 COVID low.) Earnings should go back to what it was pre-covid so you are buying around P/E of 7. Airlines deserve discount but Southwest has historically been the best-run airline. Price: $28.95

Stock might fall more depending on how recession plays out but I decided to take a small position in Southwest Airlines (LUV.) Going to add more later. Historically, the airline industry hasn't been good for investors but I think Warren Buffett was onto something a few years ago when he took stakes in airlines (before it all went astray due to covid-19.) Southwest is rarely at the current valuations so decided to invest. Hope to write up my research and thinking when I get some time. Purchase price: $29.50