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$STZ 1Q16 10-Q: 1Q16-end cash and cash equivalents were $130.7MM vs. $378MM at 1Q15-end. Interest expense decreased to $77.5MM for 1Q16 from $86.4MM for 1Q15, a decrease of $8.9MM, or 10%. Net cash provided by operating activities decreased $26.6MM for 1Q16. Net cash used in financing activities increased $266.5MM for 1Q16.
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.