Why It's Not Too Late to Buy Disney Stock
Walt Disney (NYSE: DIS) shares have doubled in value since the end of March 2020, when investor fear over the COVID-19 pandemic was at its peak. Those gains came despite Disney losing $2.8 billion in fiscal 2020, with its theme parks operating at limited capacity.
But investors shouldn't feel like they have missed the boat. As Disney CEO Bob Chapek recently stated at the Morgan Stanley technology, media, and telecom conference, the company hasn't yet had the benefit of seeing both its streaming and parks businesses operating at full throttle at the same time.
"Well, that moment is about to come," Chapek said. Once the theme parks fully recover, the operational improvements Disney has made during the downtime could make the parks more profitable, which could fuel the stock to new highs.
Source Fool.com
