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In 2Q16, $AVY repurchased 0.9MM shares at $64MM. Net of dilution, company reduced its share count by 0.3MM in the quarter. Cost of repurchase, net of proceeds from stock option exercises, was $39MM. Effective tax rate in the quarter was about 19% versus about 36% last year.
Unicorn Frappuccino. The latest hit from $SBUX. Can't wait to see how this will affect its results.
At what point should $AMZN consider a stock split? $1000 per share seems pretty high.