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3 Flags for Disney Stock as Iger Makes His Return

TheMotleyFool

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3 Flags for Disney Stock as Iger Makes His Return: https://g.foolcdn.com/editorial/images/710655/theme-park.jpg

Walt Disney (NYSE: DIS) stock is one of my oldest holdings, and it's been a horrible underperformer in my portfolio since 2014. It's had its moments, and I've happily added to my holdings over time.

But the last earnings report -- Disney's fourth quarter of 2022 (ended October 1) -- gave me serious pause. Incoming CEO Bob Iger, who previously orchestrated deals to acquire Pixar, Marvel, and Lucasfilm, and got Disney+ up and off the ground, has his work cut out for him.

I've decided not to cut my stake in Disney yet, but I see three serious red flags that need to be fixed ASAP.

Source Fool.com

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