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$ALK said its cash flow from operations for 1H16 was $900MM and the company ended 2Q16 with over $1.6Bil of cash on hand. Adjusted for leases, the company has a net cash position of approx. $700MM and its debt to cap is at 25%. $ALK added that its balance sheet positions it well for its planned merger with Virgin America in 4Q16.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?