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Scott Rednor of Zelman & Associates asks about $MHK's cash conversion in 2H16. CFO Frank Boykin said the company expects cash flow this year to continue to be strong as it moves into 2H16. He also stated that the company is going to continue to see good strong earnings and manage operating or working capital even with the elevated CapEx.
$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?