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Manufacturer and distributor of building products $ROCK announced the closing of the acquisition of privately held Nexus Corporation for $25MM in an all cash transaction. Nexus is expected to generate revenues of $30MM in the year ending Dec. 31, 2016.
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.