Want to join the conversation?
In 2016, $CATO plans to open 23 new stores and close up to 17 stores. CapEx is expected to be about $27MM, including $11MM for store development and investment to upgrade existing systems. Depreciation is expected to be $23MM in 2016, and effective tax rate is expected to be about 33%.
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.