Why Disney Is My Favorite Investment on the Stock Market Today

Declining cable-TV subscribers, box office flops in 2023, massive direct-to-consumer (DTC) streaming losses, rising costs for sports rights, proxy battles, and CEO succession issues have plagued Walt Disney (DIS -2.44%) shares. They are down 18% in the past five years, when the S&P 500 has put up a total return of 103%. Underperformance like this can cause some investors to stay far away from the House of Mouse. However, for those who are patient and can view the business for what it's worth, there's an opp ...