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$BWA 2Q15 Call: Free cash flow, which we define as net cash from operating activities less capital spending was $34MM in 1H of 2015, down from $69MM in 1H of 2014. We expect to generate in range of $250-300MM of free cash flow in 2015; & expect the investments in restructuring & expansions that are driving elevated spending will soon be behind us.
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.