Back in the fall of 2019, all the stock market services, including the one to which I subscribe, rated Disney as a strong buy. Tremendous upside, they all claimed, with little or no downside. At the time, Disney was trading at roughly $185 dollars a share.
This morning it opens at $89 per share.
Buying at 185 was not one of my more perspicacious decisions.
could be worse I say trying to find a silver lining for this misery ( this does not make things better )
literally 3 hours ago Warner Brothers Discovery was downgraded their credit rating “ S&P Puts Warner Bros. Discovery on Negative Credit Watch” and if one looks past the headline it is BBB minus as the new rating instead of BBB it was earlier. So if AAA is the best, this mean it was the 9th rating moving to the 10th and any further downgrade it is considered a junk stock / speculative asset.
When the merger finished in 2022 April … it was $24.47 and now it is $7.40 a share