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During 2Q16, $UNM repurchased $100MM of its shares, consistent with the repurchase activity in recent quarters. Liquidity was approx. $600MM as of quarter end. The company also issued $600MM in senior debt back in early May, in part to refinance this maturing date.
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.