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$AIV 2Q15 PR: AIV reported revenues of $244.78MM vs. $246.42MM in 2Q14. Net income attributable to Aimco common stockholders was $60.80MM, or $0.39 vs. $75.01MM or $0.51 in 2Q14. Same store NOI was up 6.7% YoverY. At almost $1,760, average revenue per apartment home was up 14% YoverY, reflecting rent growth and portfolio improvements
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.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.