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During 1Q16, $AVY's adjusted tax rate was 34% consistent with the expected full-year tax rate in the low-to-mid 30% range. Free cash flow was a negative $37MM, about $18MM lower than 1Q15, mainly due to higher bonus payments related to strong performance last year. The company repurchased approx. 1.5MM shares and paid $33MM in dividends in 1Q16.
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.