Walt Disney (DIS) CFO Defends Company In Remarks to Bloomberg
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In comments to Bloomberg news, in response to a Citigroup downgrade, Walt Disney Co. (NYSE: DIS) CFO, Thomas Staggs, said he is pleased with the pace of business at the parks. Staggs said fiscal '08 US room reservations are ahead of '07 and he said room pricing at US resorts is above last year.
Shares of Walt Disney are down 4% today on the Citigroup downgrade of the stock from Hold to Sell. Citigroup cited a slowdown in Parks, which the analyst said could spill over into other divisions.
Shares of Walt Disney are down 4% today on the Citigroup downgrade of the stock from Hold to Sell. Citigroup cited a slowdown in Parks, which the analyst said could spill over into other divisions.
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