Just over a month ago, I had another Disney (DIS) article published on Seeking Alpha. I was bullish on the stock, and I had no real concerns for the future, things were looking great. I wasn't completely ignoring the COVID-19 risks, but I think I might have vastly understated them.

At the time, Disney estimated the costs as a result of the coronavirus to be in the realm of $175M. A good hit, but for a company with operating income close to $12B in 2019, manageable. Now, however, I think investors should have cause for concern. The hit will, at a minimum, leave Disney with no growth in 2020.

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