Is Disney Stock a Buy?
Walt Disney (NYSE: DIS) has seen an amazing comeback. Despite taking a considerable revenue hit and reporting a significant loss in the last reported quarter, thanks to reduced capacity at the parks and closed movie theaters, this media stock has surged more than 65% from its March lows.
Although Disney has begun the process of returning to normal, it could take several quarters before revenue and earnings return to pre-pandemic levels. Given the conditions the company faces, Disney's stock could suffer while the company catches up with its performance.
Disney began the process of reopening its parks this summer at limited capacity. Though limits have not officially changed at Walt Disney World, Florida Governor Ron DeSantis has expressed a desire to allow more guests into the park.
Source Fool.com
