2024-03-21 10:35:20 ET
Summary
- The Walt Disney Company's strong share price performance in recent months creates a problem for expected returns through the rest of the year.
- The company's dominance in the Box Office market is a distant memory, and all eyes are now on the streaming business, which needs to deliver.
- Potential upside for Disney's margins in 2024 is still limited, even if Disney+ finally breaks even.
- In the meantime, the share price is running well ahead of current business fundamentals and this is a problem for investors.
The Walt Disney Company ( DIS ) stock has seen a wave of optimism in recent months as the Media giant is slowly recovering from its peak losses in its Direct-to-Consumer ("DTC") division and parks are near peak performance....
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Disney: Box Office Malaise And Same Old Margin Problems