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As of end 2Q16, $MU had repurchased 49MM shares for $956MM and in 1H16 it repurchased 7MM shares for $125MM. On April 8, $MU initiated a syndication process for a new term loan B credit facility, expected to be $500MM with a maturity of 6 years. Company said it may consider concurrent issuance of up to $1Bil of senior notes.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.