Disney's Experiences Generated $3 Billion in One Quarter. Here's Why the Market Is Still Pricing It as a Value Stock.
People continue to flock to Disney's theme parks and take cruise vacations on its ships -- so why isn't the stock trading higher?
Overview
Walt Disney's (NYSE: DIS) "experiences" segment -- led by its theme parks -- reported $3 billion in operating income on nearly $10 billion in revenue in the company's most recent fiscal quarter. Yet the stock still trades at a modest forward earnings multiple, suggesting that investors don't expect much growth ahead.
That gap between results and valuation reflects a more mixed picture across Disney's business, but it could also create an opening for long-term investors.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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