Is the Worst Finally Over for Disney Stock?
Disney (NYSE: DIS) stock got pounded after its latest earnings report. The entertainment giant reported a loss of $4 billion in its streaming segment for the fiscal year, and missed estimates on its top and bottom lines.
However, things are suddenly looking up for Disney after the company announced the return of Bob Iger as CEO last week. Top executives as well as frontline workers cheered the move as the reorganization under former CEO Bob Chapek seemed to leave creative talent in the dark. After the stock's poor performance and complaints from executives, a consensus formed that Chapek wasn't right for the job, and Iger was brought back in.
Beyond Iger's return, however, there are other reasons to believe the worst could be over for the entertainment stock.
Source Fool.com
