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The Walt Disney Company (DIS) is another stock that has been hard-hit by the coronavirus crisis. This comes at a time when Disney is more levered than usual, following the acquisition of 21st Century Fox and the launch of Disney+. However, we expect the company to bounce back by 2021. Disney is no financial danger and will continue to be a great company once the outbreak is over.
Disney has been on investors' radar for quite some time. 2019 was packed full of milestones. The company launched Disney+, enjoyed record-breaking box office sales and expanded its operations through the acquisition of Fox Network. Disney has certainly been busy expanding its operations, and while 2019 proved to be a great year, now it is facing a dire growth outlook due to coronavirus from a “weaker” financial position.
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