Should You Buy Disney (NYSE: DIS) after CEO Iger Rejoins?
December 02 2022 - 12:33PM
TipRanks
A lot has happened at the Walt Disney Company (NYSE: DIS) that
has caught investors’ attention. On November 8, the entertainment
behemoth reported dismal Q4 results where EPS of $0.30 fell below
the street’s expectations of $0.56 per share. To bring a
turnaround, its former CEO, Robert Iger, is back at the helm,
succeeding CEO Bob Chapek. The street is bullish on the move,
and so am I, given the strong business fundamentals and long-term
growth drivers attached to the Disney brand. Business Initiatives
Under CEO Robert Iger Robert Iger served as Disney’s CEO for 15
years and has agreed to lead the company once again for a two-year
stint.
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Walt Disney (NYSE:DIS)
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