Is This Popular Stock a Trick or a Treat?
Disney's (NYSE: DIS) theme parks may feel magical, but the stock price doesn't these days. The shares have lost about 8% so far this year, on top of a 43% decline last year. Disney's efforts to conquer the streaming market resulted in ballooning costs in recent years, weighing on the entire earnings picture.
Investors haven't been happy about that -- and even action taken by chief executive officer Bob Iger to put the company back on the path to growth hasn't spurred optimism in the investment community. The longtime CEO retired right before the pandemic but returned late last year to launch a recovery plan. So, as we approach Halloween -- a holiday Disney parks love to celebrate -- it's fair to ask: Is this popular stock a trick or a treat?
Source: Disney.
Source Fool.com
