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During 1Q16, $HSIC said it wrote off about $1.1MM of fully reserved accounts receivable against its trade receivable reserve. The company also said its inventory turns from operations fell to 5.1 as of March 26, 2016 from 5.3 as of March 28, 2015.
$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?