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Disney skeptics miss out on record rally during horrible year Christopher Palmeri, Bloomberg News He sold all 153,875 of his Disney shares. “Even with social distancing, we couldn’t see how the parks were going to be doing well,” said Sather, president of the Sather Financial Group in Victoria, Texas. “Not when your profitability is predicated on having massive amounts of humans crammed into your theme parks.” Yet in one of the more surprising turnabouts in this COVID-19 crazy year, shares of the world’s largest entertainment company have hit new highs despite US$5.4 billion in losses over the past two quarters. Disney shares are up 20 per cent for 2020 and have more than doubled from lows set in March, when coronavirus fears tanked the market.

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