Should You Wait Until After the Election to Buy Disney?
It's been feast or famine for Walt Disney (NYSE: DIS) these days. Some of its operating segments have been smacked harder than others. With the presidential election now just two weeks away, it's a good time to wonder if Disney's chances for recovering from a historically dreadful quarter are better under President Trump or former Vice President Joe Biden.
Disney doesn't tend to take sides politically, at least on the national level. It has recently called out California Gov. Gavin Newsom for his refusal to allow theme parks to resume operations in the country's most populous state. Disneyland and its adjacent Disney's California Adventure attraction continue to be closed more than seven months after shutting down in the wake of the COVID-19 crisis. However, Newsom isn't up for re-election until 2022. It may bankroll efforts to block casino gambling in Florida or take a stance against net neutrality legislation, but the House of Mouse isn't a hotbed of political activity.
Will the ballot-box winner come Nov. 3 make a difference to Disney? There are plenty of moving parts to the media giant, so let's size up how its businesses would hold up under Trump or Biden -- and whether you should wait to see how the votes play out before making your next investing decision.
Source Fool.com
