Is Now the Time to Buy Disney Stock?
It's been a tumultuous 2023 for The Walt Disney Company (NYSE: DIS). Challenges included twin strikes by writers and actors, a contract dispute with Charter Communications, and an unprofitable streaming business. What a way to mark the company's 100th birthday!
No wonder Disney stock's 52-week low of $78.73 on October 4 also represented a nine-year low. Thanks to an end to the strikes and encouraging results for its 2023 fiscal year, ended September 30, Disney stock is up -- but still far below its 52-week high of $118.18.
Does the depressed share price present a buying opportunity? Or do reasons still exist to stay away from Disney stock? To answer that, let's take a look at the company in more detail.
Source Fool.com
