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$HRL's cash provided by operating activities for FY15 rose to $992MM from $746.9MM last year. Cash used in investing activities increased to $900.9MM from $616.8MM a year ago, while cash used in financing activities fell to $70.6MM from $229.4MM in the prior year. Cash and cash equivalents rose to $347.2MM from $334.2MM.
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.