by John Nolte, Breitbart:

Rohan Reddy of Global X ETFs warns against buying the Disney Grooming Syndicate’s sinking stock, which is down primarily due to its failure with streaming.

“So Disney stock is down despite an earnings beat. What’s going on?” Quartz’s Andy Mills asked Reddy.

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“Subscribers are pretty tough to come by these days, and we’ve seen that with a number of different media stocks,” Reddy said.

“Would you be a buyer of Disney stock right now?” Mills asked.

“No. I think [streaming] is a pretty challenging space to be in,” he answered. “The legacy media sector is one that a lot of institutional investors have largely stayed away from. It’s really the companies that have a newer business model. Cracking that code is the challenge.”

He added, “But we do think the companies, for example, like Netflix that figure it out will be the ones that will be the winners in the future.”

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