The Walt Disney Company (DIS) has been trading on the New York Stock Exchange since 1957. It is a leading media and entertainment stock, operating with a broad range of businesses.
Yet, despite a loyal and sizable investor and customer base, DIS stock has been under pressure over the past couple years.
The pandemic caused DIS stock a significant amount of strife. Pandemic-related restrictions led to the shuttering of many core assets. Disney’s parks, cruises, and hospitality businesses all saw revenues flatline in 2020, and into 2021.
However, the tides have begun turning, in a big way. This past quarter, Disney saw impressive profitability with its core parks business that surprised even the most bullish analysts.
I remain extremely bullish on DIS stock from a long-term perspective.