Is Walt Disney Stock a Buy After Its Quarterly Report? It's Complicated.

Last quarter's numbers reflect a business and structure that will look considerably different a year from now.Given the market's bearish response to its fiscal first-quarter results, it would be easy to presume the worst of The Walt Disney Company (DIS -1.10%). To be fair, there are a few red flags buried in its Q1 numbers.However, there's more good news than not. Besides, most of these red flags' underlying concerns are being addressed. Investors should be seeing the proverbial glass as half-full rather th ...