Is Disney a No-Brainer Buy? 3 Things It Still Has to Prove.
Disney (NYSE: DIS) released fiscal first-quarter earnings on Wednesday morning, and the market responded with a loud "meh." After opening up with a brief pop, the stock quickly fell and was trading down about 1% for most of the session.Few other companies have so many evident competitive advantages yet have struggled so much on the stock market, as the stock has been basically flat over the last decade.Some investors believe Disney is finally turning the corner after several years of underwhelming returns. After all, its streaming business is now profitable, and it fully owns Hulu. It's also set to launch the flagship ESPN streaming service in the fall.Continue reading
Disney (NYSE: DIS) released fiscal first-quarter earnings on Wednesday morning, and the market responded with a loud "meh." After opening up with a brief pop, the stock quickly fell and was trading down about 1% for most of the session.
Few other companies have so many evident competitive advantages yet have struggled so much on the stock market, as the stock has been basically flat over the last decade.
Some investors believe Disney is finally turning the corner after several years of underwhelming returns. After all, its streaming business is now profitable, and it fully owns Hulu. It's also set to launch the flagship ESPN streaming service in the fall.
