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$HIBB said it ended 2Q16 with $45.9MM in cash versus $85.3MM a year ago, with no borrowings outstanding on its revolving credit facilities. Inventories rose 16.5% over last year and were 11.6% higher on a per-store basis. And on CapEx $HIBB spent $5.9MM in the quarter. Also in 2Q17, the company bought back 620,000 shares for a total of $21.4MM.
$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?