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$FOSL said for 1Q16 it generated operating cash flow of $35MM and drew down a net $14MM on its revolver. The company invested $20MM in CapEx and $4MM in its share repurchase program and expects share repurchases this year to be minimal. $FOSL ended 1Q16 with roughly $307MM in cash versus $237MM last year and debt of $823MM versus $643MM a year ago.
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!
$AVGO reports 4Q earnings today. I am wondering what to expect.
$SHLD seems to be rolling down the curve, it has been reporting net loss for the past many quarters. The Company Board seems to be doing nothing to stem this trend.