Is Now the Right Time to Buy Disney Stock?
Walt Disney (NYSE: DIS) had a rough quarter, and the worst of the impact of the coronavirus pandemic remains ahead. Theme parks are shuttered, movie theaters sit empty, and the company's broadcasting empire suffers from a lack of content. It's a situation that's only going to be worse in the fiscal third quarter, following a fiscal second quarter where the company saw earnings per share drop to $0.26, a 93% fall from $3.53 in the prior-year quarter.
That seems very bleak, and it is -- in the short-term. If you're a long-term investor, however, now may be the perfect time to buy some shares of this entertainment giant.
There will be fireworks again at Disney's theme parks. Image source: Walt Disney.
Source Fool.com
