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Michael Ciarmoli of KeyBanc Capital Markets asks about $AVAV's government funding. CFO Raymond Cook said funded backlog in FY15 was $64.7MM and unfunded backlog was $19MM totaling about $83MM. In FY16, funded backlog was $65.8MM and unfunded backlog was $16.7MM which totals about $83MM. So the levels are pretty similar.
$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?