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$DAR said its CapEx target for 2016 is $215MM and 2Q16 CapEx spend was $56MM. The company has completed construction and is starting to run raw material at its two new US rendering plants. $DAR expects to see the full impact of these facilities in 4Q16.
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.