The stock market has not been the Happiest Place on Earth for Walt Disney (NYSE:DIS)investors lately. The entertainment giant's share price has shed 5% since releasing its fiscal 2016 second quarter results, which saw the company miss on both the top and bottom lines. The company's operations have taken a hit from cord-cutting, and its video game segment saw a year-over-year decline. Is there much to be bullish about with Disney going forward?
Motley Fool analyst David Kretzmann very much believes so. In his recent appearance on CNBC, David points out that Disney has great opportunities with the properties and characters currently under development. He also talks discusses how Disney is a long-term thinker, and as such, management is not overly concerned about quarter-to-quarter performance.
This video was recorded on May 10, 2016.
David Kretzmann owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.