There are few businesses in the world more iconic than The Walt Disney Company (NYSE: DIS) . With its vast library of intellectual property and its theme parks around the globe, Disney has a brand that's hard to beat. Prior to 2020, the stock market was a Disney fan as well. From 2010 to 2019, Disney stock outperformed the S&P 500 by almost 160%.
The story since the start of the pandemic has been less Disney fairy tale and more nightmare. From the start of 2020 through today, Disney stock is down 25% while the S&P 500 has gained 31%. This change in fortunes makes sense considering the effect of the pandemic on Disney's theme parks and the bear market that pulled down most stock prices.
However, Disney could be poised for a better 2023, making this undervalued stock worth considering for investors.
For further details see:
1 Undervalued Stock That Smart Investors Are Buying In 2023