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Thursday, Sep 20
2012, 10:52 AM
Disney (DIS -0.1%) exec Jay Rasulo notes at the Goldman Sachs Communacopia Conference that...
Disney (DIS -0.1%) exec Jay Rasulo notes at the Goldman Sachs Communacopia Conference that growth engines are still alive at the company with a number of new projects expected to earn 15%-20% IRR. The company will continue to invest in theme parks, including in Avatar Land at Animal Kingdom and renovations at Magic Kingdom. Rasulo says occupancy rates and spending has improved at U.S. theme parks into September, while debt-laden Euro Disney has been given a lifeline with a new loan that could help improve results. (webcast)