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$CTAS ended 1Q16 with cash and marketable securities of $200MM, a decrease of $233MM from the $433MM at the end of 4Q15. Cash provided by operating activities was $143MM in 1Q16. Uses of cash included $121MM for acquisitions and about $222MM for repurchases of common stock. CapEx for 1Q16 was approx. $63MM.
$AAL is getting stronger into Dec. after a strong Nov..!! I’m feeling confident about their 4Q revenue forecast for a margin rise.
$KO’s CEO Muhtar Kent to step down next year. COO James Quincey will take the helm in what is already a smooth sailing scenario. And as always, shares reflect by growing 2% after the market opened.