Disney's (DIS) Rasulo: 20% of Cash Reserved for M&A; Company 'Aggressively' Buying Back Stock
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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.
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