The past year has been both the best of times and the worst of times for Disney(NYSE:DIS). The company has struggled with the on and off closures of its theme parks and resorts, and its movie business has essentially stalled. At the same time, however, its flagship streaming service Disney+ has been a strong performer, countering some of the weakness from the company's other business segments.

There's light at the end of the tunnel, however, and things are looking up for the House of Mouse. Over the past several days, there's been mounting evidence that the Happiest Place on Earth may be at a turning point, and things are beginning to look up. Let's look at three reasons that suggest now is the time to buy Disney stock.

The Disneyland theme park in Anaheim, California was among the first casualties of the pandemic, closing for just the fourth time in the storied park's 65-year history. The park closed to visitors on March 14, 2020 and has remained shuttered ever since. California was particularly hard-hit by the coronavirus and as a result issued some of the most stringent public gathering restrictions in the nation.