Reed Hastings Just Publicly Praised Disney's Streaming Service. Is Disney Stock a Buy?

Reed Hastings Just Publicly Praised Disney's Streaming Service. Is Disney Stock a Buy?

Shares of Disney (NYSE: DIS) have been hammered this year, and it's no secret why. Investors had placed high hopes on its new streaming business, led by Disney+ and Hulu, but growth has slowed and losses are mounting. Despite the disappointing performance, Disney+ has one unlikely fan, who thinks the streaming service is going to be a big winner in the long run.