Disney Is An Old Dog Being Taught New Tricks

10/1/19

By Michael Henage, SA

Shares, “took their worst tumble in nearly four years after the opening of the most highly anticipated theme-park attraction in the company’s history fell flat.” This was a quote about The Walt Disney Company (NYSE: DIS) after its last earnings report. It has been a rough couple of months for the stock, with a clear downtrend established.

With recent bad news and the stock in a downtrend, why in the world would I still recommend buying shares? The answer is simple, the news isn’t as bad as some fear, and the company’s growth story may have never been on firmer footing.

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