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$TSCO 2Q15 Call: 2Q15-end cash balance was $56MM and TSCO had outstanding debt. During 2Q15, the company repurchased approx. 876,000 shares for $76.6MM. Estimates 2Q15 share repurchase program did not have a material impact on EPS. Avg. inventory levels per store grew 4.1% vs. a 3.4% decrease in 2Q14 and inventory turns were flat vs. 2Q14.
$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.