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$MTX said over the past seven quarters it has made $330MM in debt principal payments and has reduced its net leverage from 4.5x EBITDA to 2.8x at present. The company expects to continue this pace of debt repayment in 2016 and is projecting to be below 2.4x net leverage by the end of the year.
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.