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Does This Startling Move Make Disney a Buy?

TheMotleyFool

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Does This Startling Move Make Disney a Buy?: https://g.foolcdn.com/editorial/images/710389/gettyimages-135538318.jpg

Walt Disney (NYSE: DIS) has lost a lot of its magic for investors this year. The stock is heading for nearly a 40% loss. The company missed analysts' sales and profit estimates in the latest earnings report. Demand is growing for the entertainment giant's offerings -- but costs are climbing too.

It's clear the company needs a plan to manage today's challenges and spur long-term growth. And in a surprise move a few days ago, Disney offered its solution. The company brought back longtime chief executive officer Bob Iger -- only months after renewing current CEO Bob Chapek's contract.

Does this switch make Disney stock a buy?

Source Fool.com

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