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Electromechanical devices manufacturer $AME said 2Q16 results were in line with expectations. Sales were in line with expectations. Organic sales were down 7% while acquisitions added 4%. The impact from currency in the quarter was negligible. Operating income was $219MM and operating income margin was 22.4%.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!