Is Disney Stock a Buy?
The last year has been transformational for Walt Disney (NYSE: DIS). There aren't many diversified businesses that were impacted in so many ways by the pandemic. But the company navigated the crisis, and is preparing for a full recovery.
Management's skillful pivot to support the company's balance sheet and its accelerated move into streaming services haven't been lost on investors. Total segment operating income was down 67% versus the prior-year period in Disney's fiscal 2021 first quarter, which ended Jan. 2. But the stock is still up 30% since the start of 2020. With reopenings imminent, investors should consider whether now is a good time to buy shares in the blue chip company.
Epcot entrance fountain at Walt Disney World. Image source: Walt Disney.
Source Fool.com
