Why Investors Should Not Buy Disney Stock...Yet
Both Disney (NYSE: DIS) investors and fans anxiously await the reopening of theme parks as the company works to recover from COVID-19.
However, a resurgence in COVID-19 in Florida, California, and other states puts this plan in doubt. Although none of these issues should compromise Disney long term, investors may want to stay away from Disney stock pending further information.
Until recently, the recovery path for Disney stock looked solid. Reopenings of theme parks in both China and Japan offered some hope. Even now, Walt Disney World in Florida remains committed to opening to the public on July 11. Also, Disneyland District in California is planning to accept customers again on July 9, though it has already delayed a planned July 17 reopening of the entire park.
Source Fool.com
