The Spirited Seventh Heaven ...

JoeCamel

JoeCamel

Well-Known Member
GoofGoof said:
It depends on how long you plan to hold the stock. A dividend is taxed today when it is paid. The capital gain from the buyback is not taxable until you sell the stock. If you are holding the stock long term as a growth investment you want the buyback. If you are holding the stock as an income stock and are interested in dividends because you need the cash today then you probably want the dividend.
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GoofGoof said:
It depends on how long you plan to hold the stock. A dividend is taxed today when it is paid. The capital gain from the buyback is not taxable until you sell the stock. If you are holding the stock long term as a growth investment you want the buyback. If you are holding the stock as an income stock and are interested in dividends because you need the cash today then you probably want the dividend.
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If you are an executive being paid bonuses in stock options you do not ever want to increase the dividend. You want to buy back shares and increase the stock price so your options are worth more. Short term thinking but hey, they are gone in a few years and then they can exercise the options and net a hefty gain. Investing 101 but the quickest way to individual wealth for an exec.
 
GoofGoof

GoofGoof

Premium Member
JoeCamel said:
If you are an executive being paid bonuses in stock options you do not ever want to increase the dividend. You want to buy back shares and increase the stock price so your options are worth more. Short term thinking but hey, they are gone in a few years and then they can exercise the options and net a hefty gain. Investing 101 but the quickest way to individual wealth for an exec.
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This is also why your board of directors is supposed to be independent. A properly functioning BOD is not going to allow executive management to do something just to make a quick buck for themselves. In the case of DIS the stock buybacks probably make more sense anyway since there will likely be a time in the future where they miss on some movies or have to invest a lot in either an acquisition or capital improvements to existing assets. Increasing the dividend significantly would be a sign that management feels the company has no major growth prospects going forward so they are planning to return a large portion of the cash generated to the shareholders.
 
Soarin' Over Pgh

Soarin' Over Pgh

Well-Known Member
cw1982 said:
About me? Lol... it probably is. Let's just say I won't be drinking for the next nine months or so. ;)
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Aww, how nice! Congrats!

seahawk7 said:
Star Wars has a huge following.
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unkadug said:
now that's a shocker
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Yep, pretty much this. :)

And I've been churning over @mandstaft s statement asking. @WDW1974 about Star Wars taking over ToonTown and Marvel taking over Tomorrowland, and I really rather like this idea. I think Guardian of the Galaxy would make a neat little addition to Tomorrowland. But please, not just a meet n greet. So over meet n greets.

Something more mature would be nice. The movie seemed to appeal more to adults (or is it just me thinking that, due to the language use in the film and the theater audience being primarily adult both times I've seen it?) and a nice adult beverage/restaurant paired with some sort of ride...that'd be awesome.

While I'm dreaming, I'm bringing back the peoplemover.

I'm actually hoping it's corpse is removed before I get there next year (again with the dreaming) because it'll just be painful to see. So many great memories there. And it brought such a lovely kinetic area to that part of the park... Man. Now I'm sad. Brb, heading over to Martin's videos.
 
BrianLo

BrianLo

Well-Known Member
ford91exploder said:
No reasonable person expects DIS to build a new E-ticket EVERY year, But investing to the level of a new C-Ticket for every park every year as an ADDITION and a E-Ticket every 4-5 or so year would probably satisfy 95% percent of us and would keep the parks FRESH.
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I do actually (across WDW that is, which I think is what you might be saying). I hate the "resort" mentality. Any reasonable standalone park should open a major attraction once every 4-5 years, 1-2 smaller C-D ticket offerings in the off years plus entertainment refreshes.

WDW decided to build 4 parks, treat them as four parks. Something major should be opening every single year at one of those parks.

If HKDL can build 3 E-tickets in that 4-5 year timeframe (with clearly more on the horizon as hinted by @WDW1974), how can WDW as a whole not even achieve this rate?

Heck, I'd even give them a pass if they treated their four parks like two at this stage, that way at least every decade each park would receive one major project.

The fallacy of the 5th gate argument is that instead of 16 years between major projects at the Magic Kingdom (if you accept NFL as major), a Fifth gate would mean 20-21 next time. Instant gratification - a bunch of new rides at the resort as a whole, but ultimately it would just suck even more away from the other parks they have.
 
BernardandBianca

BernardandBianca

Well-Known Member
GoofGoof said:
This is also why your board of directors is supposed to be independent. A properly functioning BOD is not going to allow executive management to do something just to make a quick buck for themselves. In the case of DIS the stock buybacks probably make more sense anyway since there will likely be a time in the future where they miss on some movies or have to invest a lot in either an acquisition or capital improvements to existing assets. Increasing the dividend significantly would be a sign that management feels the company has no major growth prospects going forward so they are planning to return a large portion of the cash generated to the shareholders.
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One of my personal beefs. Who "nominates" the members of the board of directors? The CEO, possibly with advise and consent of upper management. So if you are going to "earn" $125k or more a year, by being on a board, then how are you going to view the people who put you there? It's a shell game corporate America plays on the public, with back scratching going on all over the place, so I don't put a lot of faith in your argument. BoDs are, for the most part, just the same people all over America, but with different names attached to the participants.

And cw1982, congrats and good luck.
 
D

doctornick

Well-Known Member
Skyway said:
I think this would be a brilliant decision ...with one hesitation.

As others have pointed out, the original Toontown has been gutted by Disney's lawyers. And face it, Roger Rabbit was irrelevant even when TT opened in the mid 90s.

Putting SW there would be a no-brainer for crowd dispersion and would cause little visual intrusion from neighboring lands.

But the pink elephant in the room is Star Tours.

I can imagine Disney being cheap and leaving ST in Tomorrowland. But not having the "Star Wars ride" in "Star Wars Land" would be the ultimate in corporate ineptness.

On the other hand, it just doesn't seem financially feasible to move it. That would blow a big percentage of any SW Land budget. Although ST's cabins could probably be relocated much easier than some other attractions, it would be far from as easy and cheap as moving AK's Lion King show.

And if Disney did move ST, what will they put in that prime real estate off the hub? DL's TL is already hurting. Removing another attraction from there while pouring money into SW Land doesn't seem promising for the future of TL.
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I thought about this as well and agree. The one thing that I came up with is that it would be easy to repurpose the existing Star Tours space into the Iron Man Experience going into Hong Kong.
 
GoofGoof

GoofGoof

Premium Member
BernardandBianca said:
One of my personal beefs. Who "nominates" the members of the board of directors? The CEO, possibly with advise and consent of upper management. So if you are going to "earn" $125k or more a year, by being on a board, then how are you going to view the people who put you there? It's a shell game corporate America plays on the public, with back scratching going on all over the place, so I don't put a lot of faith in your argument. BoDs are, for the most part, just the same people all over America, but with different names attached to the participants.

And cw1982, congrats and good luck.
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Iger shouldn't be chairman of the board. The BOD should be made up of representatives of the shareholders. It's supposed to be a sort of checks and balances to keep the chief level executives in line. If set up properly the board should work with management but not be afraid to challenge them. That's hard to do with the CEO as chairman. The people on the board are generally wealthy enough that the "pay" they receive is not really relevant.
 
Mouse Trap

Mouse Trap

Well-Known Member
ford91exploder said:
You are correct it has been a GREAT run from 2009, But 2013 onwards I'm not so sure the run will continue and I think Disney is vulnerable to a bear raid on their stock because all their RECENT growth has been due to price increases on their product they have seen no organic growth. Price increases are not a sustainable business model as eventually you price yourself out of markets.
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A bear raid on a healthy S&P and DOW component? Is this a joke? Do you realize the amount of wealth needed for a "bear RAID" on a company valued at 150 billion? Hopefully this is just a poor choice of words.
 
P

phillip sugarman

Well-Known Member
There is a rumor that Captain EO is probably not coming back to Disneyland and that after the Guardians of the Galaxy preview is over than they will replace it with a Big Hero 6 preview. After the Big Hero 6 preview is over than they will probably put in a preview for the new Avengers movie.
 

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