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Watch Art Cashin: Record profit margins 'stunning'

VIDEO2:5002:50
Cashin says: Record-high profit margins 'masterpiece of creative management'

Art Cashin says the record profit margins being reported by some companies are "absolutely stunning" and a "masterpiece of creative management."

Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani around midday that companies are also giving earnings per share a boost through stock buybacks.