Want to join the conversation?
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.
$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?