“The market (gave) us an opportunity to buy the stock at meaningfully lower prices,” Staggs said at Bank of America Merrill Lynch’s media conference.
“So we’ve taken big advantage of that opportunity,” he said.
It’s almost an understatement. Disney’s recent buybacks represent nearly half of the company’s total repurchases of $5.6 billion in this fiscal year.
Find out more at CNN Money.
Photo courtesy of: gpjefrain