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For 2016, $LEN expects deliveries to be 26,500-27,000 homes. Backlog conversion ratio is expected to be around 75% in 3Q16 and for 4Q16, it is expected to be at least 90%. Operating margins are expected to be flat to down 50BP for 2016. GM in 3Q16 is expected to be 22.5-23% while for 4Q16, it is expected to be 23.5-24%.
$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?