hollywoodreporter.com
Richard Greenfield
Coronavirus
Covid-19
pandemic
reports
cover
Richard Greenfield
Bearish Disney Analyst Warns Investors Over Long-Term COVID-19 Impact
Reading now: 720
hollywoodreporter.com
hollywoodreporter.comLightShed Partners analyst Richard Greenfield has developed a reputation for being bearish on Walt Disney, and his Wednesday report initiating covering of its stock with a "neutral" rating reiterates his position.
After all, he used the headline "Disney’s Unique Vulnerability to COVID-19 Should Keep Investors Away." Greenfield highlighted that Disney's stock, which had closed Tuesday above $106, reached an all-time high of $151.58 on Nov.
27, "following the incredibly successful launch of Disney+ earlier that month." Back then, Disney’s consensus earnings expectations for fiscal years 2020-22 were $5.49, $6.12 and $6.87, respectively. "With Disney trading at 48 times 2021 earnings per share and 28 times fiscal 2022 earnings per share, with.
Read more on hollywoodreporter.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.