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$PDCO said net cash provided by operating activities from continuing operations was over $242MM in 4Q16, a growth over the first nine months of 2016. For FY16, the company generated cash flow from operations of about $195MM versus $205MM during FY15. $PDCO expects to return to converting between 85-100% of net income into free cash flow in FY17.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!