Here’s Why You Should Buy Disney Stock if it Delays Reopening Parks

After closing all of its parks to slow the spread of the coronavirus, Disney (NYSE: DIS) is now beginning to reopen. Its Shanghai park allowed guests to start visiting again in May, with limited capacity, and tickets sold out in a matter of minutes. Further, it announced it is reopening Disney World in Florida July 11 and Disneyland in California July 17.

However, Florida is reporting an increase in COVID-19 cases, and there is a chance that Disney may decide to postpone opening the gates at Disney World. Additionally, labor unions in Los Angeles are reporting that workers are feeling anxious about returning to work at Disneyland amid a growing number of cases in Los Angeles and Orange County.

If there is an announcement to delay reopening a park, that will likely send the stock price lower. Let's take a look at why that would be a buying opportunity for long term investors looking to buy shares in Disney.

Source Fool.com