DIS - Disney: Shares Have Been Decimated From $200 To $100 -- Can The Magic Return For Shareholders?
2024-05-20 11:25:57 ET
Summary
- Disney shares have dropped by roughly 50% from their 2021 high, presenting a buying opportunity.
- The stock is currently trading near its historically rare buying opportunity level, making it an attractive investment.
- Disney's potential sale of ABC Television Network and a potential deal with Apple could be catalysts for the stock.
The Walt Disney Company ( DIS ) shares were trading for just over $200 in 2021 and have since fallen to around $100 currently. That's a huge drop of roughly 50%, especially for a big-name company with very strong brand recognition. I want the Disney story to work out for shareholders and I hope Bob Iger (the CEO) can take shareholders back to the "Magic Kingdom", but I do see some challenges along the way. I recently went to Disneyland with my family and stayed at the Disneyland Hotel and went to both parks. This visit prompted me to think more about Disney as an investment since I was just immersed in the Disney experience....
Disney: Shares Have Been Decimated From $200 To $100 -- Can The Magic Return For Shareholders?