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$MTRX said in 4Q16, gross profit of $34.1MM was down from $40.4MM in 4Q15. Consolidated GM was 9.5%. The decline in gross profit and margins was primarily due to continued headwinds in the Electrical segment. In 4Q16, $MTRX repurchased $5MM worth of stock bringing FY16 share repurchases to $10.5MM. Cash balance was $72MM at 4Q16-end.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.