Disney Stock Still a ‘Buy’ Despite Coronavirus: SteelHouse CEO
May 6, 2020
SteelHouse CEO Mark Douglas provides insights into Disney stock ahead of its Tuesday earning report.
Despite theme park closures and cruise cancellations, “People are not going to forget the Disney Brand.” Douglas says. And while the company’s streaming service, Disney+, lacks the catalogue of original content that can be found on Netflix, it is serving as a boon to parents who are at home with children during the COVID-19 outbreak. Once Hollywood opens back up, Disney+ will see a huge influx of new content.
Douglas believes that it might take a year or so to see a return on investment, but a brand as established as Disney is always a buy.
“Mr. Douglas, you’ve been right before, that’s why you’re on the show again.”Link to Original Article