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Kartik Mehta of Northcoast Research asks why working capital was a little bit negative. $JKHY CFO Kevin Williams said that it was because of some impacts from the accrual of income taxes and the timing of payment of taxes. He added that there was nothing unusual on the working capital.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?