Down 32%, Is Disney a Buy?
Walt Disney (NYSE: DIS) is an iconic name with worldwide recognition value. It owns a powerful collection of entertainment properties. And yet the stock has fallen by over 45% since peaking in early 2021. The shares are down by 32% in 2022 alone. However, there's a lot to unpack here before you hit the buy button.
Stock markets are often considered rational, but that's really when you look at the long term. Over short periods of time, Wall Street can make some pretty strange choices.
For example, when the coronavirus pandemic first hit in 2020, Disney's stock fell sharply. That was pretty logical, given that its amusement parks were shut down and the movies it made couldn't be released to theaters shut down by government fiat. Not shockingly, earnings were ugly. It got so bad that Disney eliminated its dividend.
Source Fool.com
