The S&P 500 might be in record territory, but not all businesses have benefited from the rally. In fact, there are some well-known companies out there that have struggled in spectacular fashion.

It might not be a surprise that The Walt Disney Company (NYSE: DIS) is one such entity. The business was decimated by the pandemic, had a leadership change, dealt with an activist investor, and now faces a difficult media landscape.

Shares are down 52% from their peak price (as of July 2), which was established in March 2021. But investors should play the long game here. I believe Disney is a growth stock that should be considered as a portfolio purchase right now.

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Source Fool.com