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On the cash flow front, $PCLN said the company generated $881MM of cash from operations during 4Q15, up 17% YoverY. For the year 2015, the company spent $174MM on capex, resulting in converting about 34% of the company's gross profit to free cash flow. $PCLN's cash and investments amounted to $10.6Bil at Dec. 31, 2015 with approx. $800MM in the US.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?