The annual Report is now available on Disney's corporate site. There's not much as far as the parks. I found this paragraph to be the most interesting from Iger's letter to shareholders.
"Given the environment, we will likely see some interesting acquisition opportunities, and given the strength of our balance sheet, many could be enticing. Rest assured, though, no matter how inexpensive these opportunities may look, we will not relax our standards in terms of the quality of the assets we seek to purchase, their fit within our Company's businesses and core strategies, or their prospects for delivering strong returns."
I've read a lot of annual reports and I have never seen a statement like this one. This almost seems to be some foreshadowing that there working on some big acquisitions.
"Given the environment, we will likely see some interesting acquisition opportunities, and given the strength of our balance sheet, many could be enticing. Rest assured, though, no matter how inexpensive these opportunities may look, we will not relax our standards in terms of the quality of the assets we seek to purchase, their fit within our Company's businesses and core strategies, or their prospects for delivering strong returns."
I've read a lot of annual reports and I have never seen a statement like this one. This almost seems to be some foreshadowing that there working on some big acquisitions.
