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$FL ended 1Q16 with $1,062MM in cash. During 1Q16, the company repurchased 1.37MM shares for $87.8MM. $FL spent approx. $65MM of capital as it continues to track towards its planned expenditures this year of $297MM. $FL believes it can achieve mid single digit comp for full-year 2016 and double digit EPS growth with 10-30BP of GM improvement.
$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?