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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.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?