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$GWW 1Q15 Call – William, Director, IR: FY15 Outlook: We expect 0-2% sales growth & EPS of $12-12.50; & this guidance assumes incremental growth spend of $150MM. We expect sales to be flat to up 2% & gross margins to be down 60 BPs. Interest expense will increase in 2H15 due to new $1Bil debt offering, which carries 4.6% interest rate.
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.