Disney’s stock got hammered in the pandemic’s early days, shedding about 38 per cent of its value in the month ending March 20, 2020.
Its theme parks are still operating at reduced capacity, so Q4’s results could have been much worse.
Streaming platform Disney+ is up to 118.1 million subscribers, and the company projects that figure will grow to more than 230 million by 2024.
Disney remains a beloved global brand and says it expects international visitors to parks to pick up later in 2022 as restrictions ease.
Mastercard’s stock has been mostly trending downward since July, and it recently hit the skids, shrinking by 17 per cent from Nov.
Mastercard’s in a tricky position.
But that could be more of a long-term issue.
Its purchase of DirecTV and Time Warner in 2015 and 2018, respectively, added more than US$130 billion in debt to the company’s balance sheet.
None of that sounds particularly enticing, but the company knows changes need to be made.
AT&T is still a risky buy with its stumbles this year, but if you believe in the turnaround plan, the anxiety might be worthwhile.
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