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$MAC 2Q15 Call: Reported FFO at $0.89 per share that compared to $0.86 in the 2Q14. Reflected in FFO was a $1.6MM loss on extinguishment of debt as well as $11.4MM of expense related to an unsolicited takeover attempt and contested proxy, together they make up $0.08 a share. Excluding those two items, FFO was $0.97 per share ahead of our guidance.
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.