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Despite being a media and entertainment powerhouse that is well known across the globe, Walt Disney (NYSE: DIS) has been a terrible investment in recent years. Had you invested $1,000 in the shares five years ago, you would’ve lost 25% of your starting capital (as of this writing).
However, I think much better times are ahead for the business, and investors should take notice. Here are three reasons to buy Disney stock like there’s no tomorrow.
One sign of a great business is the presence of an economic moat. This allows a company to stay ahead of the competition for an extended period. Disney undoubtedly has a wide moat, which is one reason investors should own the stock.