Is Disney Stock A Generational Buy?

At $89 a share, the case for Disney is beginning to look interesting

Highlights:

• Investors who view Disney as a ‘blue chip’ underestimate the company’s exposure to cord-cutting; legacy networks are a stunning proportion of total profit.

• But the move back toward multi-year lows makes the stock tempting. Disney stock isn’t ‘cheap’, but there is a legitimate fundamental case.

• Right now, investors must consider one crucial question: can Bob Iger successfully get the business to the other side?