3 Stocks That Could Double Even If Inflation Stays High
Inflation can be a scary word for investors, and many companies could indeed suffer if prices continue to increase. On the other hand, there are plenty of businesses that have the ability to pass cost increases along to their customers, and here are three in particular that look attractive after recent declines.
A friend once told me that Disney (NYSE: DIS) could double the cost of its theme park admission and it wouldn't have a meaningful impact on attendance. And while I'm not sure the business could handle doubling the price, the fact is that Disney has tremendous pricing power. Its theme parks have never been making more money, and every time the company increases prices or starts charging for things that used to be free, customers simply absorb the cost.
To name an example, the Individual Lightning Lane system, which can cost upwards of $15 per ride, per person, replaced the free FastPass program, and regularly sells out. The cost of the ad-free Disney+ streaming service is set to rise by 38% in December, and most experts don't anticipate a significant decline in membership.
Source Fool.com
