Should You Really Buy Disney Now?
Walt Disney's (NYSE: DIS) faced some tough times over the past few years -- from the pandemic temporarily shutting down its theme parks to higher inflation weighing on the consumer's ability to make discretionary purchases (such as a trip to Disney or a ticket to see a Disney movie). To make matters worse, costs ballooned as the entertainment giant invested in its streaming services.
But longtime chief executive officer Bob Iger returned late last year to set Disney on the path to growth, and things are looking brighter. For example, the company is on track to surpass cost-cutting goals.
Still, Disney's share price doesn't reflect any of the good news. The stock has lost 8% since the start of the year, and that's why you may be wondering whether you really should buy Disney stock right now. Let's find out.
Source Fool.com
