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Paul Lejuez of Citibank asks about depreciation. $CHS said it expects to see depreciation of about $110-115MM which is north of Capex. $CHS has shifted its Capex from pure bricks-and-mortar to a better mix with technology and so there is an acceleration in useful life of Capex which led to a higher depreciation but this will even out over time.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.