Why Disney Shares Could Have Further to Fall
Since Disney (NYSE: DIS) shares are down nearly 25% from their all-time highs, some may feel compelled to scoop up as many shares of the House of Mouse as they possibly can. However, investors should be aware of the risks.
I'm a longtime Disney shareholder of many, many years, and I'm not selling my existing stake on the coronavirus scare. However, I'm not adding to my stake just yet, either. Furthermore, if I were putting new money to work, I'd be hesitant to buy Disney in a big way at this critical juncture. I'd prefer the large technology names to Disney in this coronavirus-inspired sell-off.
That may seem like sacrilege, as Disney has been a long-term winner and a premier brand. Yet consider this: After the recent sell-off, Disney's stock is up only 16.4% over the past five years, including dividends. That compares with a 58.6% gain for the S&P 500.
Source Fool.com
