SEA - Thinking of Buying Disney Stock? Here's What You Need to Know
With its omnipresence in film and all kinds of entertainment, Disney (NYSE: DIS) is not a Wall Street secret. At the same time, its industry-leading products and services don't automatically mean you should run out and buy Disney stock.
Like any stock purchase, Disney stock requires a thorough and thoughtful analysis. Here's what you need to know as a starting point.
Disney's entertainment offerings are head and shoulders above any competitors. For one example, revenue from its 12 theme parks came in $16 billion in fiscal 2020, which was a 61% year-over-year decrease. But that was way ahead of NBCUniversal's (a division of Comcast (NASDAQ: CMCSA) ) five theme parks (one part of its total operations, which include many other businesses) which took in $1.8 billion in 2020,or theme park operator SeaWorld Entertainment 's(NASDAQ:SEAs) 12 theme parks, which took in less than half $1 billion in 2020.
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Thinking of Buying Disney Stock? Here's What You Need to Know