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$NAVI's reasonable discounted value of its stable and predictable cash flow will support its stock price north of $20 a share. Since 3Q15-end, $NAVI has purchased 4.7MM shares at an average price of $11.81, bringing its YTD purchases to 46.7MM shares at an average price of $17.80. Also since quarter-end, it has repurchased 43MM of unsecured debt.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.