3 Great Reasons to Buy Disney
Shelter-in-place orders have had varying effects on different types of businesses. Makers of consumer staples have had a boost in sales, and streaming services have had an influx of new subscribers. But travel, live entertainment, restaurants, and other sectors have been virtually brought to a halt.
Walt Disney (NYSE: DIS) is one that has experienced both sides of impacts from the COVID-19 pandemic. Predominantly, though, the company has been hurt badly. The benefits it is seeing in its new Disney+ streaming service were far outweighed by the shutdown of its theme parks and cruises, the pause in live sporting events, and the delay in releasing new films to theaters.
Disney's stock has reflected the impacts, but now that reopening has begun, looking at where Disney goes from here is what investors should be focused on. Here are three great reasons to buy Disney now.
Source Fool.com
