Disney ends fiscal year with record revenue and profit
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Disney reported a fourth-quarter profit of $1.2 billion on revenue of $10.8 billion. That translated into earnings of 68 cents a share, up from 58 cents a year earlier. For the year, Disney's profit totaled almost $5.7 billion, up 18 percent and a company record, on revenue of almost $42.3 million, up 3 percent and also a record. Earnings per share also set a record of $3.13, up from $2.52 a share in fiscal 2011. The Avengers movie, EPSN, a new cruise ship and better Disneyland attendance benefit the company.
Read more from The Orlando Sentinel.
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...and interest rates are lower, property values are down. "Buy low, sell high" is predicated on the notion that you buy (spend, invest, etc.) during recessions and sell during booms.
Sure. But they are doing all of that and posting record profits at the same time.
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