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$PCLN 2Q15 Call: Cash from operations was approx. $702MM, which is about 2% above last year and is also impacted by unfavorable foreign exchange rate translation. CapEx was $53MM and repurchased 720,000 shares of common stock for $849MM. Thus far in 3Q15, PCLN has purchased an additional 436,000 shares for $500MM.
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.