A Wells Fargo securities analyst predicts that it could be years till Walt Disney World returns to normal…
According to WFTV Analyst, Steven Cahall at Wells Fargo has downgraded the Walt Disney Company mostly because of the impact the Coronavirus has had on theme parks with closures and furloughs of Disney Cast Members.
Steven is predicting that the rest of 2020 will have little to no attendance and the parks would be at 50% capacity in 2021.
“Until the time at which there is significantly improved testing and/or a widely available vaccine, it’s tough for us to imagine long lines for Rise of the Resistance, no matter how much folks might want to go to Walt Disney World deep down,” Cahall shared.
What do you think?
Do you think that Disney World will rebound when they reopen? Or do you think that it will take a good year before attendance starts to pick up?
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