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$LEN had approx. $511MM of homebuilding cash and $500MM of borrowings under its $1.6Bil revolving credit facility in 1Q16. In March, $LEN issued $500MM of 5-year senior notes at 4.75% which will be used for working capital and to retire its $250MM 6.5% senior notes. This will reduce the borrowing rate while extending maturities.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?