Where Will Disney Be in 5 Years?
While the stock of Disney (NYSE: DIS) soared during the early 2000s, the past five years have not been as kind. The streaming and cord-cutting revolution, along with maturing growth franchises, has caused the stock to dip to levels not seen since 2015 at one point this year.
But if a stock can lose its way for five or 10 years, it can also recover in that amount of time as well. That's especially true for powerful brands like Disney. So here's how Disney expects to get its mojo back over the next decade.
In September, Disney management announced it would accelerate its investment in its parks and experiences division. Management said it would double its capital expenditures in these areas to $60 billion over the next 10 years, with a gradual ramp-up over time.
Source Fool.com
