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$PHM's 4Q15 homebuilding revenues were $2Bil, up 12% from 4Q14 revenues of $1.8Bil. The revenue increase is helped by a 7% increase in closing 5,662 homes combined with a 6% increase in ASP to $353,000. The homes closed in the quarter equates to a backlog conversion rate of 65%.
$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?