Burbank is a media and entertainment group formed since 1923. Net sales break down by activity as follows: - operation of leisure spaces (33.9%): - operation of TV and radio channels (33.4%): - operation of animation and artistic production studios ( 23.1%): - sale of derivatives (9.6%). The geographic breakdown of sales is as follows: Nord america (81.5%), Europe (10.4%), Asia-Pacific (8.1%) and others (1.0%)¹.

For life to be a fairy tale, Walt Disney would have said that it may be enough simply to believe. Far from trying to convince us to remain on the surface of things, he tried to weave us deep within ourselves, where our true nature protects itself from the world. However, the 2020 outbreak allowed this immersion. Those who made the world a nightmare place were finally invited to complain from their home. Others have not had the privilege of being able to extract themselves from a daily life too present to be able to enshrine this founding principle. Others, finally, have come back to themselves as we wake up from a deep lethargy and live as in a dream, a poetry. Then trying to evaluate Burbank would be like being a wandering knight of human nature: no one has answers. That is why we will limit ourselves to a reasoning of facts in order to arrive at an equitable assessment. The factors that underweight shareholders are, in particular, judicial and public health factors.

Firstable, the constitution¹ confers on the judges's office a prerogative of application of the law which they exercises autonomously. Within a framework defined by the Congress, it has the powers to put an end to the disturbance of public order. Its control extends to the activities of the national and foreign private sector. Its decisions are binding on the parties. This means that Burbank is liable in the event of an infringement, that the decisions taken may be binding on the operating results and de facto, a loss of value for the securities. It is therefore open to shareholders to look at Burbank’s judicial past to define what happens. US SEC public resources reveal the largest number of statements observed¹ by EDGAR. Objectivists see it as an adequate means of transparency that testify to the security of the entity since it lists material elements that would confuse damage. While Subjectivists see in it only an inexhaustive list of pieces useful to apprehend only financial crimes. The fact is, Burbank is known by US and foreign jurisdictions¹². However, a brief analysis of the disputes reveals for a vast majority, anecdotal and local cases incompatible with a complex and premeditated organization. Burbank can therefore be regarded as reliable and attentive to the exemplary character of it legacy.

Second of all, medicine has as much impact on the underweight of securities as the legal component, if not more. Physical supports of entertainment and epidemiological struggle have opposing ambitions. The cost of ownership of the parks and resorts is a burden on the Burbank’s debt. Containment increases the impact of wild streaming on a volume of finished work and slows down the release of new productions. As of March 20, 2020, this company owned by Vanguard and Blackrock recorded a decline of $140 to $86. However, this substantial loss is tempered compared to that of Apple which dips to $56. We could try to explain this sobriety by the entity’s equity, the exploitation of its intangible assets or the management of the new management committee. But these considerations would ignore the modular virulence of an epidemic. More specifically, it is because the public suffers more from consuming less than from being afraid for its destiny that Burbank’s offer finds its audience. The question to be asked is what would happen if a moderately virulent strain that Koch’s bacillus were involved. Before Pasteur, tuberculosis carried 1 out of 3 adults to 2/3 of minors. In such an alternative, imagining Burbank as an essential activity would be peremptory. It may have to adapt by investing in new niches or safe havens. The reopening of Disney mobile¹ would be a way of some consistency. Then, the shareholder could position his prognosis for the future on epidemiological criteria. In a short and medium term, Burbank has learned from 2020 and will be able to resist a level 2¹ strain better than many companies. In a medium and long term, this certainty is eroding for the level  3 and upper strains, the only unknown probability interval to date¹. It is possible to infer from this latter that Burbank has convincing elements of conviction.

For these reasons,

Burbank deserves the highest confidence level.

Former CEO