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On Feb. 11, $INN reinstated the purchase agreement with ARC affiliate for the sale of 10 hotels at the original selling price of $89.1MM. The sale was previously canceled just prior to its closing date of Dec. 29. The agreement requires ARC affiliate to deposit $7.5MM of earnest money on or before Dec. 30, 2016 to support the closing of the sale.
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.