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$LOW said cash and cash equivalents at the end of 2Q16 were $2Bil. Inventory at $10.6Bil increased $900MM or 9.3% versus 2Q15 and approx. 85% of the increase relates to the addition of RONA. Inventory turnover was 3.89 times, flat to last year. Asset turnover increased 4 BPs to 1.78.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.