Want to join the conversation?
As of Sept. 26, 2015, there were no borrowings outstanding under $KORS's 2013 credit facility, which provides for up to $200MM of borrowings and expires on Feb. 8, 2018. As of Sept. 26, 2015, there were stand-by letters of credit of $11MM outstanding, and the amount available for future borrowings was $189MM.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.