Why Disney Is Still a Buy During the Pandemic
Disney (NYSE: DIS) hasn't been having a great 2021. The stock has severely underperformed the S&P due to a host of delta variant-related issues, which have delayed travel recovery and media production. However, this doesn't mean it's time to dump Disney -- this slump is actually an opportunity to buy a stock with great potential for the eventual post-pandemic recovery.
So how bad are things right now? To start, Disney's stock has barely moved all year -- it's fallen roughly 2%, compared to the S&P's 17% gain.
Most recently, Disney CEO Bob Chapek revealed that production delays would result in the company's flagship streaming service Disney+ having a lighter-than-expected slate of programming in Q4, negatively impacting Disney+ subscriber growth. These delays, caused by the COVID-19 delta variant, only add to Disney's existing COVID-related struggles with its parks, movies, and cruise businesses.
Source Fool.com
