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$TMK said it expects free cash flow in 2016 to be around $320MM. With $174MM spent on share repurchases thus far, the company expects to have around $146MM available for the remainder of 2016 from its free cash flow, plus other assets available at the parent.
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.