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Mark Marcon of Robert W. Baird asks where the margins would be on an adjusted EBITDA basis once the Hay Group's integration is completed. $KFY CFO Bob Rozek said that margins should settle in somewhere in the 16-18% range on an adjusted EBITDA basis. He added that it will be toward the higher end of this range once the company gets some leverage.
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.