Disney's (DIS) Rasulo: 20% of Cash Reserved for M&A; Company 'Aggressively' Buying Back Stock
Tweet
Share
E-mailGet Alerts DIS Hot Sheet
Join SI Premium – FREE
Disney (NYSE: DIS) is trading flat-plus Thursday as CFO Jay Rasulo is speaking at a Goldman Sachs conference today.
According to Rasulo, Disney is "aggressively" buying back shares. The company also is expecting to see "extraordinary returns" from new cruise ships.
Overall, Rasulo said Disney expects 10 percent to 15 percent returns on investments and typically reserves 20 percent of cash for M&A activity.
According to Rasulo, Disney is "aggressively" buying back shares. The company also is expecting to see "extraordinary returns" from new cruise ships.
Overall, Rasulo said Disney expects 10 percent to 15 percent returns on investments and typically reserves 20 percent of cash for M&A activity.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Disney sues FCC over early license review of ABC stations
- Holcim said to acquire part of James Hardie's EU business
- Scorpion Capital says short Twist Biosciences
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
