Disney Stock: Still Room To Grow?
Will Disney Stock Continue to Grow? Despite being below its all-time and fiscal year high, some still consider Disney a “buy”…
My 11.5 shares and I love to hear it. Situated just over $184, Walt Disney Company stock is doing well. So well, in fact, some still consider it a buy, even near its high water mark.
Obviously, investors are confident in Disney’s future recovery from the pandemic. So am I. That’s why I bought stock in the company when a recent opportunity to get it at a small discount came up.
I wasn’t fortunate enough to buy Disney stock when it bottomed out with the broader market on March 23, 2020, at $81.09 a share. Those with enough foresight and cash on hand to do that have already seen their stock purchase more than double in value (it’s up 127%).
I would’ve loved to maximize my investment by buying at that March 2020 low, but worrying about timing the market just adds stress, with little to nothing in return for that worry. Missing out doesn’t mean that the opportunity is over. The point isn’t what I missed, but what’s still to come.
At first, that might seem counterintuitive, especially if you look quickly at the last month of Disney’s ups and downs.
However, that’s not the whole picture. Take a look at a six-month graph:
Or a year’s look:
Saibil said that The Walt Disney Company illustrates one of the great lessons of seasoned investors. Namely, that “winners generally keep on winning.”
And, the analyst added, with 300% growth over the past 10 years, history remains on The Mouse’s side.
Moreover, be sure to check out the full article over at The Motley Fool!
But what do you think? Is DIS a good buy? Let us know in the comments…