Disney lost nearly $20B in valuation in a single day, after reporting an $18M loss over its combined streaming services.
Disney stock dropped to $105.35 per share, losing 47.80% of its all time high value ($201.91).
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Time to buy Disney stock? Or are we all assuming Disney is going to collapse?
My personal take is that it has some upside mainly because of institutional buyers.
This is a 64 P/E stock with ~1% revenue growth over last year and ~2% subscriber growth for streaming. Pretty anemic.
The bulls expectation is that new movies being released this year and the seasonal park revenue this Summer will kick the stock upwards.
FWIW, Yahoo!'s 1y target is ~$127.
You regularly buy stock? How did you get a hang of things?
I was lucky to join a trading group at my first job. The guy who ran it had worked at a trade desk for 15 years and was always happy to share stories and knowledge.
That must have been a cool experience.
I'll check it. Did you use it personally?