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$KLXI said free cash flow was $29.9MM in 2Q16, representing a conversion ratio of 116% of adjusted net earnings. As of July 31, 2016, cash was $250MM, reflecting both solid free cash flow generation and the Herndon acquisition. Total long-term debt of $1.2Bil less cash resulted in net debt of $950MM and the net-debt-to-net-capital ratio was 30%.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.