Disney's Slump Is An Overreaction

JHVEPhotoContrary to the hopes and dreams of its shareholders, The Walt Disney Company (NYSE:DIS) saw its shares decline by 4.5% on August 7th. This came after the company announced financial results for the third quarter of its 2024 fiscal year. Prior to earnings, I had written my own preview of what investors should expect. Revenue and earnings per share came in higher than analysts anticipated. Cash flows are growing nicely and management is buying back a great deal of stock. However, fears regarding ...