Topic: How To Invest

Power Growth Investor Hotline – Friday, August 7, 2020

Article Excerpt

WALT DISNEY CO., $129.93, is a buy. The entertainment and media conglomerate (symbol DIS on New York) owns an 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 addition, the company is the world’s largest cruise ship operator. In November 2019, Disney launched Disney+, a subscription video-on-demand streaming service that accesses the company’s massive library of popular content, including the Star Wars films, Pixar films and all things Disney. Investors also benefit from the company’s 100% ownership of the Hulu streaming service. Disney, in fact, bought Comcast’s 30% stake in May 2019 for $5.8 billion. The company recently re-opened some of its theme parks following the COVID-19 shutdowns, but its cruise ship business remains suspended. As a result, overall revenue in its fiscal 2020 third quarter, ended June 27, 2020, fell 41.9%, to $11.78 billion from $20.26 billion a year earlier. That missed the consensus forecast…