Is It Too Late to Buy Disney Stock?
Goldman Sachs co-led The Walt Disney Company's (NYSE: DIS) initial public offering in 1957, when the entertainment giant landed on the New York Stock Exchange at $13.88 per share. Disney's Stock has increased by nearly 5,000% since then as it attracted hundreds of millions of people to the box office and its theme parks.
The House of Mouse is arguably the most successful entertainment company in history, and its stock price growth has made many people richer. However, Disney hasn't had it easy over the last five years -- in fact, the headwinds it faces might have some experts convinced the company has reached its peak. Since 2019, the company has faced a global pandemic that temporarily shuttered major areas of its business. Then, it had to navigate the subsequent economic uncertainty. Meanwhile, it has made an expensive venture into streaming in a bid to keep up with the entertainment industry trend.
Disney's share price is down by 30% over the last five years, and Wall Street has grown skeptical about the company's future. Yet despite the pullback, Disney's earnings have remained consistent. Quarterly revenue and operating income have risen by 21% and 47%, respectively, since 2019, with free cash flow up 360%.
Source Fool.com
