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Prescription drug distributor $CAH reported a rise in 2Q16 earnings on strong growth in revenue and gross margin. Net income rose 13% to $326MM or $0.98 per share from $289MM or $0.86 per share in the year ago period. Revenue grew significantly by 23% to $31.4Bil from $25.5Bil a year ago. Excluding items, $CAH earned $1.30, up from $1.20 last year.
Of all the Wall St firms out there, Goldman Sachs $GS is the most revered for the way they're run - hiring the best, highly competitive, a closely-knit peer group and making tons of profits for the shareholders. An interesting interview of its CEO Llyod Blankfein by Carlyle groups chief David Rubenstein
Great results from $TSLA, however the question remains if Tesla can continue to scale up to produce the cars in the quantity it promises. Model 3 numbers need to be in multiples of what they are producing right now. Wish them the best, will keep an eye as I am still not convinced that they can scale easily.
Watching $TSLA Oct 28th $215 Calls for possible entry
Chipotle stock is crashing like a falling knife after it's earnings report last evening; down about 10% already today! Was Bill Ackman wrong in buying about 10% stake in $CMG couple of months ago? Or is this market reacting to disappointing earnings? And can they really get customers to trust them again after food-safety crisis?