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$HBI said it has completed the acquisition of Pacific Brands, an underwear and intimate apparel company in Australia, for about $800MM on an enterprise-value basis, or slightly more than 10 times projected CY16 EBITDA. The all-cash transaction is expected to deliver an after-tax internal rate of return in the mid-teens.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.