[notahacker]

Yeah. The problem is that the deck makes a more convincing case that the company is badly run than that Disney might get value from acquiring a loss making niche hardware company to distribute its content...

[IshKebab]

It makes the assumption that a buyer could run it more successfully. Which I think is fairly reasonable.

[bradleyjg]

There’s a lot of room to be more successful and still lose money.

[notahacker]

I think it's reasonable to assume it could be better run (apparently the CEO, who's since stepped down, agrees!) I think the list of putative buyers who ought to be interested in it as a premium strategic acquisition is stretching it a bit.