On the heels of The Lone Ranger's failure at the box office so far, analysts are estimating that Disney (NYSE:DIS) may be forced to take a writedown of at least $100 million -- similar to last year's $200 million writedown for John Carter.
If that's the case, then why has Disney stock risen around 2% so far this week?
According to Fool contributor Steve Symington in the following interview with the Fool's Alison Southwick, investors aren't (and shouldn't be) worried about Disney stock in part because the stellar $1.2 billion global performance of Iron Man 3 should be more than enough to offset the dominant entertainment company's Lone Ranger losses.
But what do you think? Please watch the following video to get Steve's full take, and then let us know whether you think Disney stock is still a "buy" in spite of The Lone Ranger's dismal take so far.
Alison Southwick and Fool contributor Steve Symington own shares of Apple. The Motley Fool recommends and owns shares of Apple, Google, Netflix, and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.