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For FY15, $VIAB generated $2.2Bil in operating cash flow or $5.50 per share resulting in a free cash flow yield of approx. 11%. In Sept. $VIAB repaid the $250MM of outstanding of the 4.25% senior notes that came due and redeemed $550MM of the 6.25% senior notes due April 2016. Total debt recorded was $12.3Bil at 4Q15-end.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.