Buyback Plus Dividend Yield of 5.7%In 2016, Disney repurchased $7.5 billion worth of stock (4.3% of its market cap).
Disney’s compensation practices give me confidence that management will continue to be responsible stewards of shareholder capital.
As you’ll remember from Figure 1, that hasn’t stopped Disney from doubling its NOPAT (and tripling its stock price).
Executive Compensation Leads To Responsible ManagementRoughly 90% of compensation for Disney executives comes in the form of performance-based bonuses.
Even better, Disney calculates ROIC in a fairly rigorous manner (better than most) that lines up well with economic reality.
The Stock Market Is On An Epic Upswing. Here’s Why It Probably Hasn’t Benefited You
The stock market isn’t the economy The stock market has recovered a lot better from the financial crisis than the overall economy.
But those portfolios tend to be skimpy, meaning ordinary investors don’t get much bang from their stock market bucks.
And for a few hours after Trump clinched the presidency, stock market futures plunged, falling by as much as 5 percent.
The great stock market rally roughly coincides with the Fed’s near-zero policy, which has been in place since 2008.
Another discouraging side note: The stock market rally could be sweetening the retirement portfolios of ordinary Americans.
Why Disney Will Be The Mouse That Roars In The Stock Market
collected by :Dicson Walt