Is Disney Stock a Buy at a 10-Month Low?
Shares of Disney (NYSE: DIS) have been sliding lately, and they have now fallen to their lowest levels since mid-April of last year. The recent headwinds are clear. The market in general is correcting, so why wouldn't the House of Mouse go with the flow? The surprising withdrawal of Bob Iger as CEO this week -- even if he's not totally leaving the company until the end of next year -- is a jarring event.
We obviously also have the coronavirus fallout in play, and unlike other market bellwethers talking about potential supply chain disruptions or future hits, Disney is feeling the pinch right now. Its theme park resorts in Shanghai and Hong Kong have been shuttered for more than a month, and Disney warned that it will take a $175 million charge during the current quarter as a result of the closures.
However, a lot of things have also gone right for Disney over the past 10 months. There's never a dull moment when it comes to Disney stock, so let's weigh the good and the bad to see if Disney is a better company and investment than it was in the springtime of last year.
Source Fool.com
