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As of July 1, 2015, $LOCO had 418 locations in 5 states. In 1H15, it opened 2 new company-operated restaurants in Texas and 1 franchised restaurant in California. For remainder of 2015, it intends to open 14 new company-operated and 7 new franchised restaurants in four of its operating states. $LOCO plans to grow its restaurants by 8-10% annually.
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.