Should I Buy Disney Stock?
Disney (NYSE: DIS) stock has fallen by more than 40% year to date. Investors have fled the Magic Kingdom as coronavirus-driven fear shutters its theme parks and puts its movie premieres on hold.
Coronavirus has shut down many parts of our society, and health experts don't yet have a grasp on when life can return to normal. However, current fears have little bearing on the long-term future of Disney. For this reason, Disney stock may now present a rare opportunity for Foolish investors.
For years, Disney stock appeared to trade on the prospects of its Media Networks division. Beginning in 2015, its stock price plateaued as customers cut the cord on the Disney Channel and ESPN by the millions. Instead, customers turned to lower-cost streaming services like Netflix and Amazon's Prime Video.
Source Fool.com
