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$MCHP 1Q16 Call: Consolidated inventory at June 30, 2015, was $303.7MM or 123 days, up by 12 days to the levels at the end of the March quarter. As of June 30, 2015, the consolidated cash and total investment position was $2.43Bil and borrowings under revolving line of credit were $497MM. Capital spending was approx. $33.6MM in the June quarter.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?