A recent slide presents a new opportunity to jump into DIS stock
Walt Disney Co (DIS) stock is down 19% from its 52-week high. This may scare investors away from the stock. But investors should look at Disney’s drop as a good buying opportunity.
At one point a few years back, Disney was one of the market’s most beloved growth stocks. It had raced so high that it became overvalued, and unappealing.
Thanks to its share price decline however, Disney stock’s valuation and dividend yield have come back to its historical average since 2000.
The company is currently ranked as a ‘Buy’ and Top 10 dividend stock using The 8 Rules of Dividend Investing.
It appears the market is concerned about Disney’s cable television business, and in particular ESPN. On the other hand, the overall company continues to grow at a high rate, thanks to exceptional growth in its other businesses.
This growth means the company is still generating strong returns for shareholders. As a result, this could be a good time to buy Disney stock.