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$KIM completed the sale of interest in 64 US properties, 23 Canadian properties and the last asset in South America generating proceeds of approx. $600MM, which was used to fund $175MM redemption of preferred stock, to pay down debt and fund the acquisitions. The company finished 4Q15 with consolidated net debt-to-recurring EBITDA of 6 times.
Visa ($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.