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$KSS 2Q15 Call: We also extended our average debt maturity by more than 3.5 years to a little over 13 years. We’ve no debt maturing until 2021, & our weighted average cost of debt is 4.88%. In conjunction with refinancing, we incurred a loss of approx. $170MM, & $131MM was recognized in 2Q15. We expect another $39MM to be recognized in 3Q15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.