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$PDCO 1Q16 Call: Operating cash flow from continuing operations generated $8MM of cash vs. $68MM in the prior period. We expect to convert a 100% of net income into free cash flow for the year. CapEx totaled $17.1MM and included investments for normal replacements as well as our corporate-wide IT initiatives.
$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?