Why Is Disney Struggling? This Warren Buffett Quote Explains It Perfectly
It's been a rough few years for Disney (NYSE: DIS).
Despite the stock market boom during the first half of the year, shares are trading near their 52-week lows, and the stock is below where it was before the pandemic even as the broad market has gained substantially since then.
In fact, Disney has underperformed the market over any time frame over the last 10 years, and it's no secret why. The company has struggled with the transition from linear TV to streaming, which was hastened by the pandemic.
Source Fool.com
