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As previously disclosed on Aug. 1, 2016, $THC will make settlement payments of about $514MM and pay about $3MM of related fees and expenses. The company expects to make these payments during 4Q16 using available liquidity, including cash and borrowings under its revolving credit facility.
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.