The Biggest Mistake Disney Investors Can Make Right Now
Walt Disney (NYSE: DIS) stock is down 30% year to date, down over 45% from its all-time high set in March 2021, and is roughly the same price now as it was five years ago. Yet, in the last five years, Disney recorded its highest annual profit in company history (fiscal 2018) and its highest revenue in company history (fiscal 2019), and its business is in much better shape today than it was in 2020 or 2021.
Aside from panic-selling Disney stock, the worst mistake Disney investors can make right now is evaluating Disney+ similarly to other streaming services. Here's a better way to think about Disney+ and why the service is evolving into a gateway that propels customers toward bigger-ticket Disney products and experiences.
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Source Fool.com
