Disney Stock: Potential Upside, But Some Risks

IvelinRadkov/iStock via Getty Images My Thesis I think that the modest recovery rally in The Walt Disney (NYSE:DIS) stock that we have seen since November 2023 is just the beginning of a massive reversal move in the stock. As the company recovers its margins thanks to the paradigm shift, the potential improvements in ESPN's carriage of NFL Network and Red Zone as a new catalyst should help further narrow the discount in the stock's valuation. In other words: I expect de-risking at DIS and more FCF over  ...