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$PG 4Q15 Call: All-in GAAP basis, EPS was $2.44. Generated $11.6Bil in adjusted free cash flow with 102% adjusted free cash flow productivity. Increased dividend for the 59th consecutive year and returned $11.9Bil in cash to shareholders. Core SG&A cost as a percentage of sales increased 10 BP. Non-operating income was $300MM above year ago levels.
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.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.