Want to join the conversation?
David Cohen of Midwood Capital asks for an update on $SXI's tax rate. CFO Tom DeByle replied that the company had a 13.9% GAAP tax rate. The company's base rate is basically 35% and its foreign rate is around 23%, and $SXI expects to get back to historic norms of about 29% in 2017, added Tom.
$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?