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March 26, 2004
The Overleveraged Disneyland: Will Disney Take Losses in France?
WHEN the Walt Disney Company decided to build a Disneyland in Europe, it was clever in many ways - perhaps too clever. It managed to build first one, and then a second, theme park largely with other people's money while not showing any of the loans on its own balance sheet. If all had gone well, it would have shown profits without much in the way of expenses.
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Posted By: Ray @ 9:32 AM | 
