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At 2Q16-end, $CAG had $96MM of cash on hand and $167MM of outstanding commercial paper borrowings. $CAG expects to refinance $750MM of debt maturing on Jan. 25, 2016 with short-term debt in commercial paper. $CAG has about $132MM remaining on its existing share repurchase authorization.
Visa ($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.