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$AIG is executing on a plan to deliver $1.0-1.5Bil of reductions in net general OpEx over the three-year period ending Dec. 2017. This would represent approx. 10-15% reduction to total general OpEx based on the full-year 2014. In July, the company repurchased in cash tender offers roughly $3.7Bil in aggregate purchase price of debt.
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.