3 Flags for Disney Stock as Iger Makes His Return
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