Jim Cramer believes in the magic to be had in shares of The Walt Disney Company (NYSE:DIS). Undoubtedly, Disney has had a broken stock for a number of years now. The company imploded more than 58% from its 2021 high to its 2023 depths.
In any case, Cramer thinks the name could be in for quite a comeback. I think he’s right on the money, especially as investors discount consumer demand for travel and leisure.
In a somewhat frothy and turbulent market, Disney stock may very well be the deep-value play that allows for a relatively smoother ride. But as one of the untimeliest names over the past couple of years, is now a good time to be jumping in?
This post appeared first on 24/7 Wall St.