The problem with the stock is that every part of Disney's business has questions and uncertainties about the future.
Linear - this has been getting scrutinized for years as it has been shrinking with no real stabilization happening.
Parks - Extremely soft summer reported by Universal and more competition coming with
Epic Universe opening next year.
Streaming - Probably the one segment with the least questions at the moment but still, can Disney increase ARPU enough as it pales in comparison to Netflix. As Netflix stops reported some key metrics about subscribers, will Disney follow suit.
The company is doing much better free cash and profit wise compared to the previous few years but it stands to reason, how high can it go. The investments in the parks should, in theory, should help keep that segment in a growth trajectory and as an investor, the $60B stated investment would not be seen as a liability nor hurt the stock. Plus, the $60B is not even a liability, they can choose not to invest anything at all if they want to.
Streaming is at a key point as this should become a consistent growth driver for both revenue and profits from this point on. This will become the largest part of Disney's financials, certainly in terms of revenue and one would hope, profits as well. This segment can help mitigate a lot of park fears anytime a story might come out about soft attendance.
