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Retailer $DG said its long-term financial growth model includes net sales growth of 7-10% and same store sales growth of 2-4%. $DG plans to increase square footage by 6-8%. $DG expects operating profit growth of 7-11% and diluted EPS growth of 10-15%. Cash from operations is expected to be 7-8% of sales and Capex is expected to be 2-3% of sales.
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.