Walt Disney is a strong global recovery play

Article Excerpt

Walt Disney has now reopened most of its parks, and visitor traffic should keep rising going forward. Meanwhile, viewers continue to embrace the company’s streaming service Disney+. It should keep adding to overall profits, especially since most of the streaming service’s start-up costs are now behind it. Walt Disney is a Buy. WALT DISNEY CO. $170.55, is a buy. The company (New York symbol DIS; TSINetwork Rating: Above Average) (www.disney.com; Shares outstanding: 1.8 billion; Market cap: $311.1 billion; No divd. paid) is an entertainment and media conglomerate headquartered in Burbank, California. It’s also the world’s largest theme-park operator. Through the stock, investors tap Disney’s extensive portfolio of entertainment properties and brands. It monetizes them through film and TV productions, distribution, merchandising, theme-park attractions, as well as cable and streaming subscriptions. In November 2019, the company launched Disney+, a subscription video-on-demand streaming service with access to the company’s giant library of popular content. That includes Star Wars and Pixar films, and all things Disney. On July 3, 2021,…