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Walt Disney: is now the time to buy?
Walt Disney shares sit near five-year lows following a disappointing earnings announcement. Should investors buy on the bad news?
When the stock markets open in New York today (9 November), Walt Disney (US: DIS) shares won’t be far off their Covid-crash lows. Investors have reacted badly to fourth quarter financial results which included slower than expected growth, poorer than expected profits and a less than optimistic outlook.
Year-on-year numbers are flattered by the fact that the company’s parks and cruise ships were closed through much of 2021 (they’re now at about 90% of pre-pandemic capacity),…
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