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

[fractal]

https://www.cnbc.com/2017/09/07/dis...-percent-as-iger-talks-earnings-guidance.html

 

[rob0519]

https://www.cnbc.com/2017/09/07/dis...-percent-as-iger-talks-earnings-guidance.html

Oh no. More price increases, cast member and service cutbacks, all park maps will now be printed in black and white and the Yeti won't get fixed again next year. Sigh.

 

[MisterPenguin]

Good. Go away, speculators. Find some other company to pressure to make short term gains. It's a sinking ship! Flee!

 

[the.dreamfinder]

Good time to kill the stock buybacks?

 

[ford91exploder]

https://www.cnbc.com/2017/09/07/dis...-percent-as-iger-talks-earnings-guidance.html

Need to step up the buybacks to support the stock price, Sigh I wish I was kidding here.

 

[ford91exploder]

Good time to kill the stock buybacks?

Nope expect MORE buybacks to support the price.

 

[ford91exploder]

Oh no. More price increases, cast member and service cutbacks, all park maps will now be printed in black and white and the Yeti won't get fixed again next year. Sigh.

Except for the maps its already happening according to the Spirit.

 

[the.dreamfinder]

Nope expect MORE buybacks to support the price.

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

Death spiral?

 

[ford91exploder]

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.