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$LM FY15 10-K: During FY15, Legg Mason purchased and retired 6,931 shares for $356,522 vs. 9,677 shares for $359,996 in FY14 through open market purchases. As of March 31, 2015, Legg Mason's liability for losses and contingencies was $200 vs. $500 at March 31, 2014. Distribution & servicing expenses fell 3.9% to $594.8MM vs. $619.1MM in FY14.
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.