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In 1Q16, $ADS acquired 2MM shares for $413.8MM. As of March 31, 2016, company had $586.2MM available under its repurchase program. As of March 31, 2016, company had $982MM outstanding under its credit facility and total availability of $318MM. Total leverage ratio was 2.9:1 at March 31, 2016 versus maximum covenant ratio of 3.5:1.
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.