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$PDCE's acquisition consideration includes about $915MM of cash and about 9.4MM common shares at about $590MM. Company intends to fund the cash part through equity and debt financings. $PDCE has secured financing from $JPM, bringing current liquidity to about $1.4Bil. Company is targeting a pro forma debt-to-EBITDAX of less than 2.5x.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.