$Walt Disney(DIS)$Do you still believe in the magic?
Disney serves as a ‘consumer tracker’ amid recession watch. When recession hits, discretionary spend will likely fall which implies that visits to theme parks would decline. Whilethey have seen a pickup in the visits to theme parks due to the travel recovery, many headwinds still persist such as high inflation and the China lockdown which threaten growth!
While their Disney+ managed to add subscribers unlike Netflix, I am skeptical about howlong this can keep up. It is already planning an ad supported subscription to boost revenues.
Given the headwinds, I do not think I am entering the stock as yet. It may decline to its pandemic levels soon if there are no bright spots.
DYODD
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