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larworth
05-07-2001, 01:49 PM
Walt Disney Co. is looking for a silver lining in the U.S. economic clouds, and finding it, according to its chief financial officer.

The media giant is taking advantage of cheaper stock valuations, lower interest rates, and reasonable construction costs to consider acquisitions, debt offerings, and capital investments, Chief Financial Officer Tom Staggs said.

"You can't just get into your bunker and cover your head," Staggs said in an interview. "In a tough economy there are greater opportunities, and you have to invest to capture those opportunities."

"It's helpful to me that I'm sitting here building in the middle of a downturn," Staggs said, "I suspect I'll do better on construction costs than we otherwise might have."

Because the majority of Disney's capital spending is for its theme parks, Staggs said the company focuses on long-term returns.

I'll be anxious to see these new investments.

http://orlandosentinel.com/business/orl-biz-disney050401.story?coll=orl%2Dbusiness%2Dheadlines

YoHo
05-07-2001, 04:21 PM
Interesting article, I think I'll bump it over to Rumours and see what those vultures think. http://www.disboards.com/forums/images/smilies/boldpurple.gif

Sarangel
05-07-2001, 04:58 PM
Well, if it was me, I'd be building more stuff for DCA, since the number one complaint (even from those who like the park) is that it needs more rides...

Sarangel

Beauty
05-09-2001, 11:32 PM
We do live in a THRILL RIDE WORLD!! But I love Disney anyway!