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$SJM 1Q16 Call: We ended the quarter with commercial paper borrowings of $303MM and long-term debt of $5.7Bil, for combined total debt of $6Bil. Based on our projected fiscal 2016 EBITDA of nearly $1.6bil, our leverage stands at 3.8 times. Free cash flow was $252MM for the quarter.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?