Since the beginning of this year, Disney
(NYSE: DIS) the stock lost more than 35% because
investors fled following closure of theme parks and queuing
film premieres following concerns about the coronavirus.
The coronavirus epidemic has affected most
markets and shut down many parts of the economy, and the spread does not seem to stop.
However, these concerns have minimal impact on the future of the business.
long term, and therefore the stock could have a rare opportunity.
stock down due to coronavirus problems
Over the years, Disney’s stock depended
the potential of its Media Network division. But the stock dropped
significantly in 2015, customers having gone from Disney Channel and ESPN to
streaming services such as Prime.com and Amazon.com Inc. (NASDAQ: AMZN) Prime Video and
Netflix Inc. (NASDAQ: NFLX). However, the launch of Disney + last year has changed
trend, and the stock jumped higher.
In November 2019, Disney + went online and
first day it brought in 10 million subscribers, and by the end of February it
had over 28 million subscribers. But the
the effects of the coronavirus epidemic have weakened investor confidence, and
week, the stock fell below $ 80 a share, the lowest in six years.
of Them Parks to influence this quarter’s results
Media networks and company studio
Entertainment divisions to see revenue decline due to cancellation
delayed events and film launches. Likewise, the Theme Park division will be affected
following closure due to coronavirus. Because of these effects, the
the company will report some loss of revenue this quarter due to park closings,
and analysts forecast earnings per share of $ 1.13, down from $ 1.61
Everything that is happening now will be happening soon
move on, and the significant drop in Disney stock seems like a huge opportunity
for investors. Considering the fall in share prices is something experienced
through the markets, Disney will overcome this problem once normalcy returns. the
the company has a huge portfolio of content from Marvel, Pixar, Lucasfilm
and the studios of 20th Century Fox.