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There’s an indication that the worst for Disney (NYSE:DIS) is likely behind it as its CEO Bob Iger is finally turning the business around. The latest relatively successful earnings results along with other recent developments point to the fact that Disney is on track to recovery and its streaming business could finally reach profitability next year. While some risks remain, the momentum that the company has going for it could likely help Disney’s shares to at least trade at the current levels in the foreseeable future.
Streaming Profitability In Sight?
Back in September, I said that Disney could be a value trap since the disappointing performance of the streaming business has negatively affected the company’s performance in recent quarters and pushed the shares to their 8-year lows. I’m happy to say that I’ve been wrong so far, as the latest earnings report for Q4 that was…
