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In 1Q16, $LII's net cash used in operations was $113MM. Capex was $24MM, up from $18MM in 1Q15. Free cash flow was a negative $137MM. $LII continues to target $250MM of free cash flow for 2016 overall. Total debt was $1.1Bil at the end of March. $LII paid $16MM of dividends in 1Q16 and at March-end, cash and cash equivalents were $41MM.
$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?