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$CASY said its effective tax rate in 1Q17 was down 350 BPs from a year ago to 33.5%. This was mainly due to the adoption of a new accounting standard related to the tax treatment of share-based compensation. The impact of this was about $3MM benefit to income tax expense. The company now expects its effective tax rate to be 34.5-35.5% for FY17.
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.