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Josh Shanker of Deutsche Bank asks about differences in repurchase of CNA and Loews' share. $L said that for CNA, stock was trading at $28 a share and the company has paid a $2 special dividend for the last 2 years & a $0.25 quarterly dividend. The stock was yielding 10% based on historic dividend, making it cheap stock to make $L buyback shares.
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.