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In 2Q16, $AME had Capex of $14MM. Operating cash flow was $189MM and free cash flow was $175MM. Total debt was $2.14Bil at June 30, 2016. Cash and cash equivalents were $456MM. At June 30, $AME had approx. $1Bil of cash and credit facilities to fund growth initiatives. During 2Q16, $AME repurchased 417,000 shares for $19MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.