Once a favorite of growth investors, Disney’s shares have tumbled nearly 60% from their peak in 2021. With CEO Robert Iger ready to make some tough choices as he works to return the House of Mouse to its former glory, a path higher for the beaten-down shares is coming into view, Nicholas Jasinski writes in this week’s edition of Barron’s. With its shares appearing cheap relative to its earnings and the sum of its parts, now looks like the right time to bet on the magic returning-at least to Disney’s stock, the author says.
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