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$BNED had $9MM of cash and $25MM of seasonal debt outstanding at the end of 1Q17. This seasonal debt peaked in July and was repaid in mid Aug. The company expects to have no borrowings outstanding through the rush season. Inventory and payables at quarter-end were below last year as $BNED put greater emphasis on improved purchasing.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.