Clearly down in value but not for long. This is a keeper
As I said before I like Disney. The only reason they are down (as the article indicates below) is that they spent money to grow.
You can see here that current price as of today *8/13/2019, is just touching back above the upward rally line. I think that this will come back into the black.
As Warren Buffet said, "You don't buy at stock because you want the price to go up or down. You buy stock in a company because you want to own it!" *Earnings report released 8/6/2019
I definitely want to own Disney.
*Excerpt from Article
Lows
...and who's down
What would Tinkerbell do?... Disney just announced record-high quarterly revenues of $20B. That's mainly thanks to Avengers: Endgame crushing box office records. But profits plunged 51% because Disney treated itself to 2 major acquisitions: Mickey bought Fox and most of Hulu as it preps its own streaming service, Disney+, for a November launch
You can see here that current price as of today *8/13/2019, is just touching back above the upward rally line. I think that this will come back into the black.
As Warren Buffet said, "You don't buy at stock because you want the price to go up or down. You buy stock in a company because you want to own it!" *Earnings report released 8/6/2019
I definitely want to own Disney.
*Excerpt from Article
Lows
...and who's down
What would Tinkerbell do?... Disney just announced record-high quarterly revenues of $20B. That's mainly thanks to Avengers: Endgame crushing box office records. But profits plunged 51% because Disney treated itself to 2 major acquisitions: Mickey bought Fox and most of Hulu as it preps its own streaming service, Disney+, for a November launch