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Disney shares drop 3 percent after CEO Iger warns profits will be the same as last year


Resident Curmudgeon
But... but that's throwing valuable cash into a furnace.

Death spiral?
Share repurchases at the level Disney does them at are designed to support the stock price, If it drops one needs to increase the repurchases to bring the stock price level.

Where danger really exists is the big banks who are not lending because all their profits are going into share repurchases.

The old rules on share repurchases need to be reinstated along with Glass-Steigal.